27-year old Rashad lives in Salyan region Yenikand village. Rashad is narried, has a child.
He has his own shop. He sells the clothes: jacket, sweater and etc.
Having borrowed 3 loans of $600-$1000-$1825 from Komak Credit Union he significantly expanded his business. The loans were paid back timely.
Now he needs a loan of $1825 to expand the area of his shop and to buy new clothes.
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.