Kashf
Foundation, one of Pakistan's leading microfinance institutions, has been
awarded the prestigious European Microfinance Award by the Luxembourg Ministry
of Foreign and European Affairs. The award is a first-time win for Pakistan and
is in recognition of the Foundation’s credit and training facilities to
low-cost private schools.
Pakistan suffers from a serious dearth of quality
education, especially within the public sector. As a result, the country has
seen a rise in low-cost private schools which look to fill the gap left by
inadequate equipment and facilities in public sector schools. After extensively
researching the needs of low-cost private schools, Kashf Foundation tailored an
integrated solution that provides access to finance, school development
trainings, and general pedagogy trainings for teachers. To date, the Foundation
has serviced over 1,100 schools, trained 4,500 teachers, trained over 1,800
school owners, and positively impacted more than 570,000 students in low-cost
private schools across Pakistan with a product unmatched anywhere in the world.
The Award, which highlights the importance of
having an innovative approach and structural impact, also acknowledges the
creative use of both financial and non-financial tools to improve the quality
of the social and economic lives of families and communities.
Ms Roshaneh Zafar, Founder and Managing Director
of the Kashf Foundation, expressed her pride in how the Award recognizes the
importance of microfinance in reaching the goal of universal education: “Every
child deserves a good education, and education provision needs to be child-centric.
The Kashf program provides a new way to address quality issues of low-cost
private schools and can also provide means of getting more out of school
children into schools.” ”
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