Guloglan was born in 1960 in Salyan region, and is married with four children. He began his business 15 years ago with a loan of $300, which enabled him to buy a cow. With his second loan of $600, he bought 5 pregnant sheep. Now he is requesting a loan of $1200 to purchase 2 pregnant cows.
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.