Firangiz A. is a young, 25 year-old, woman who is unmarried. She lives in Absheron region with her family. You can see in the picture a very kind, friendly, hard-working teacher. Firangiz tutors students for their examinations and has had this business for three years. She is asking for a loan of of 2,000 AZN to buy a new computer to make her work easier. The computer would provide her with internet access to advance her students' educational level and help in administering tests for students.
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.