You can see the happy Gurbanov family in the picture. They live in the town of Khachmaz of Azerbaijan. Samangul is 46 years old and has 4 children. Her family has been raising cows and calves for eight years. They now need a loan of $725 to buy a cow from which they can collect milk and improve their income.
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.