37-year old Ilhama lives her family with three children. Her family’s living condition is not good enough. The family income is rather limited. She is IDP. Since 2001 Ilhama has been engaged in selling building materials to improve her family’s living condition. As she didn't have enough financial resources, she couldn't develop her business well enough in the beginning.
She applies for a loan amount of 1000$ in first time to further develop her business, to increase her incomes, to improve her family's living condition with these additional incomes, to obtain some funds for the education of her children.
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.