Khaladdin is 38 years old. He is an Internally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan Fuzuli town, now settled in the Fuzuli region, in the Kayidish village, which was built for IDPs. This man is married and has 3 children. He has been in the taxi business for 5 years. He transports people on a minibus from Fuzuli to Baku. Now he requests a loan of $975 to buy spare parts for improving his business. He promises to repay the loan in full on time.
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.