Khalida and her 6 children settled in the building of Sevinj nursery school in Khirdalan town. She is 56 year old, widow, Internally Displaced Person ( IDP ) from the Armenian-ocupied territory of Azerbaijan Agdam region Muganli village.
Having borrowed the loan $400 she bought the sewing-machine. She has been engaged in this business at her own home for 14 years. Buying the sewing-machine she thought that it is time to start business, but she did not enough money and she decided to borrow the loan of $800 and bought the genuine leather and started her business. The third time she borrowed the loan amount of $1200 to sew on a machine the genuine leather jackets, genuine leather clothes for the women. She has not a tailor’s shop. She has a lot of clients and her home is not comfortable for her business. These problems disturb her to improve her business.
She needs the loan of $2000 to open her own tailor’s shop.
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.