Matanat is a teacher at school. Five years ago she started a home tutoring business. Now she needs a loan of 2000 AZN to buy a computer for improving her business. She is an Internally Displaced Person (IDP) from the Armenian-occupied territory of the Azerbaijan Kalbadjar town, settled in Khirdalan town. Matanat is married, has two children, and was born in 1969.
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.