Sakhib (his son is pictured) has his own grocery store. He was born in 1950. This man has 3 children. Sakhib lives with his family in the Salyan region in the village of Khaladj. 10 years ago, he started this business to support his family. Now, he needs a loan of $1200 to buy foodstuffs.
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.