"Hi, dear lenders, with your help I plan to improve my auto repair business. I have increased the number of my clients."
As you can see from the picture Damet has not changed his business. As you know, before he repaired cars and still today he continues this business. Damet M. is applying to Kiva for his second loan. His business is auto repairs. The number of his clients has increased, and now he needs additional spare parts; that is why he applies for a loan of 2000 AZN.
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.