Ilgar is an Internally Displaced Person (IDP) from the Armenian-occupied territory of the Azerbaijan Fuzuli region, and he is now settled in Absheron region. Ilgar was born in 1963, and he is married with three children. He started his taxi business 14 years ago. Now he is requesting a loan of 2,000 AZN to buy spare parts to improve his taxi.
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.