This 33-year-old young woman is an Internally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan Kalbadjar region, settled in Absheron region, Masazir village. She is married and has 2 children.
She has had her own grocery store for 2 years.
Having borrowed $400 she built the store in the yard of her house.
For the second loan she borrowed $800 and bought foodstuffs.
Now she needs a loan of $1200 to increase variety of goods and to buy a refrigerator.
This business has allowed her family to have a better income.
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.