4 years ago Rasim decided to start this business.
In the beginning of his business he borrowed $600 and bought welding apparatus.
Now he needs a loan of $1000 to buy materials.
This 42-year-old man is anInternally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan Fizuli region , settled in Fizuli region Mahmudlu village. He is married and has 3 children.
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.