Bakhtiyar is 27 years old and single. This young man lives in Khachmaz town. He is doing tile cladding on the walls of houses. You can see Bakhtiyar in his own garage, where he keeps all his instruments, in the picture. He has two years of experience in this business. Now he needs a loan of $600 to buy necessary materials for tile cladding.
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.