Vugar is 36 years old, married and has one child. For the last three years, he has owned and operated an orchard in Khaladj village in the Salyan region of Azerbaijan. He has requested a loan of $1200 to buy pesticides and fertilizer to improve the size and quality of the produce he grows on his orchard.
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.