Safa and his brother Vafadar like this business. They are Internally Displaced Persons (IDP) from the Armenian-occupied territory of Azerbaijan Fizuli region, Veyselli village, settled in the Finnish houses, which are built temporarily on front line in the Fizuli region.
One day they decided to borrow a loan of $600 in order to buy new sort seedlings.
Now they need a loan of $1200 to buy fertilizer.
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.