Figan is a 44 year old mother of 2 children. She is an internally displaced person (IDP) from the occupied territory of Azerbaijan, in the Fizuli region, living in the village of Makhmudlu. She has raised cattle for y years and now needs a loan of $1200 to buy a Swiss cow. She prefers to buy a Swiss cow because a Swiss cow gives more milk than other cows and this way she can increase her income more.
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.