Zakir A. is 37 years old, married and has two children. He and his family live in the Absheron region. Zakir has been a plumbing specialist for 10 years. He goes into homes and repairs pipes, lays gas lines and lays water pipes. Now he needs a loan of 2000 AZN to buy the necessary materials to improve 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.