"I am Vugar. You know me very well. I am applying for a Kiva loan for the second time. The first time, I applied for a Kiva loan of $1200 and with your help I improved my business. I am very thankful to Kiva and Kiva lenders."
In 2007, Vugar applied for his first Kiva loan. He has repaid this loan successfully. Now he needs a loan of 2000 AZN to buy spare parts for his car. He transports goods to the markets with this car.
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.