Taleh has his own grocery store, and is requesting a loan of 2,000 AZN to buy more foodstuffs in order to improve his business. In 2006 he applied for his first loan of $1000 USD through Kiva, and he repaid this loan successfully. Now he is applying for his second loan through Kiva. He sends his thanks to all Kiva lenders.
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.