Rakhib has a small shop where he sells spare parts. He is a very kind, friendly, and hard-working person. He has had his business for 4 years, and it allows him to support his family. He is 21 years old. Rakhib is an internally displaced person (IDP) from the occupied territory of Azerbaijan, in the Fizuli region. He is settled in the Finnish houses, which are built temporarily on the front line in the Fizuli region.
He is applying for a loan of $1200 to expand the area of his shop. He is very optimistic about the future of his business.
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.