Tofig is an Internally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan Fuzuli town. He is now settled in the Fuzuli region, in the Kayidish village, which is built for IDPs. He was born in 1950, and is married with three children. Tofig started his general store business five years ago. He is requesting a loan so he can buy more foodstuff stock and offer more items to his customers. This will increase his income and help him raise his family's standard of living.
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.