Kamran is 57 years old and drives a taxi. He has been in this business for 10 years.
This business is the only source of income for his family.
He used a previous loan of $400 to buy tires and spare parts.
Now he needs a loan of $1200 to paint and repair his taxi.
Kamran is an Internally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan, Fizuli region. Kamran, his wife, and 4 children live in the Khirdalan settlement.
Komak means “help” in Azerbaijani. As of its creation in 1999, Komak has kept true to its name by helping thousands of Internally Displaced Persons, refugees and the economically disadvantaged by providing these groups with sustainable credit services. As of 2010 Komak’s $2.5 million portfolio serves 1513 clients, 81% of whom are IDPs, and 40% of borrowers are women. In 2009, Komak was cited in a report by the United Nations General Assembly as one of Azerbaijan's prominent forces in restoring the local economy by enabling small and medium enterprises with credit. For more on Komak, please join our lending team, Friends of Komak Credit Union.