Azer is 39 years old and an internally displaced person from the region of Nagorno-Karabaka. He lives in the Absheron region and has three children. Azer’s business is a small vegetable and fruit store that provides his neighborhood with produce. Azer is committed to selling his produce at affordable prices to his neighbors. To do this, he must wake up early on many mornings and drive long distances to buy from suppliers with the best prices. Azer has been in this business for many years and enjoys it greatly.
He first learned about the different varieties of produce when he worked in a Ukrainian bazaar for nine years. Since returning home to Azerbaijan, Azer has sold dishes and cooking pots. Four years ago he started selling vegetables. He prefers selling vegetables and is asking for a loan of 2,000 AZN to increase the variety of the produce he sells. This would be his first loan.
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.