Khudam H. lives in Yenikand village in the Salyan region, with his two children. His wife died, so he is bringing up his children by himself. He is 47 years old and has been raising cattle for six years. He wants to expand the cattle breeding to provide his family with a good future. He is applying for a loan of $475 to buy a cow to expand 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.