Nofal is 45 years old .He and his family with two children settled in Xirdalan boarding-house. Nofal is Internally Displaced Person ( IDP ) from the Armenian-ocupied territory of Azerbaijan Kalbajar. His family’s living condition is not good enough. He has had his business for 10 years ago and it allows him to support to his family.
He borrowed $400 from Komak Credit Union and did the jobbing of his lorry. This lorry is his own car. He brought crushed stone, sand and concrete from the regions and sells to the factories. He buys the ashlars from the quarry and sells to new house-buildings.
He applies for a loan amount of $1000 to tepair his lorry and to buy the building materials
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.