Seyyad has a small business where he sells home products.
He is 37, married and has 2 children. He is an Internally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan, Fizuli region, settled in the Finnish houses, which are built temporarily on front line in the Fizuli region.
Having borrowed a loan of $800 he repaired his shop.
Now he applies for a loan of $1000 to buy CDs, DVDs and video players.
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.