Vagif has been in this business for 7 years. He breeds sheep. This man is 55 years old, married, and has 5 children. The S. family lives in the Salyan region in the Yenikand village. Now he needs a loan of $1200 to buy baling presses (for hay) that he needs to improve his sheep breeding.
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.