Etibar is 33 years old. He is married and has three children. Etibar is an IDP (Internally Displaced Person). He is a refugee from the Kalbadjar region who now lives in the Absheron region with his family. Etibar has been selling building materials for six years. This is his third loan. All of his loans were repaid on time. Now he needs 2000 AZN to buy parts to repair his truck in order to develop his business.
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.