In 2016 Kashf was awarded the European Microfinance Award with the theme being 'Microfinance and Access to Education'. Kashf's programme involves loans to low-cost private schools, along with pedagogical training for teachers to improve teaching practices and specialised school management courses for school owners to improve the school infrastructure and their financial and operational administration. Since 2014, Kashf has worked with approximately 1,000 schools, serving over 150,000 students.
Triodos Microfinance Fund and Triodos Fair Share Fund are the first international lenders to Kashf Foundation.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 218,138
- average loan amount: EUR 201
- percentage female clients: 100%
- percentage rural clients: 27%
- number of savings clients: -