Shaban is 70 years old. This woman is widow. She is engaged in this business at her home. Having borrowed a loan amount of $300, she bought the washing-machine. She wants to increase the number of her clients and because she applies for a loan amount of $600 to buy the new model of the washing-machine. She has a big family and supports to her family by herself.She is internally Displaced Person ( IDP ) from the Armenian-ocupied territory of Azerbaijan Zangilan region. She and her children settled in Khirdalan town. She is tidy, clean and frank.
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.