Mahila is 27 years old and tries to maintain her family, but she lacks the capital. She is a mother of 2 children and lives in Salyan region, Yenikand village. One day she decided to borrow a loan of $400 to buy 0,1 hectare plot of land in order to overcome a lot of difficulties. Now she is a farmer and has plot of land. She has been in this business for 6 years. Then she borrowed a loan of $600 and bought good quality seedlings. Mahila needs a loan of $800 to buy fertilizer.
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.