Four years ago this 33-year-old man decided to start his own business selling discs, audio cassettes, and video cassettes.
He used his first loan of $400 to buy discs and cassettes.
Now he is asking for a loan of $1200 to buy equipment for the montage of cassettes.
Khalil is an Internally Displaced Person (IDP) from the Armenian-occupied territory of Azerbaijan, Agdam region. He lives in the Khirdalan settlement with his wife and 2 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.