KOMPANION BANK CJSC
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Kompanion Financial Group was founded by Mercy Corps in 2004 as a community development financial institution and currently serves over 115,000 clients through a network of 125 offices across the Kyrgyz Republic. Kompanion is one of the largest microfinance institutions in the Kyrgyz Republic both by loan portfolio and number of clients. With a focus on group lending to women in rural areas, Kompanion provides a range of loan products to support agricultural and livestock production as well as for business, consumer and housing purposes.
What is our funding objective?
Kompanion is an existing FMO client, having received financing for the first time in 2013. At present, Kompanion concluded an equity raise selling a 35% stake to international investors. The shares were purchased by FMO and Netherlands-based investor Triodos Investment Management. Kompanion's founder, Mercy Corps, will remain the majority shareholder, holding a 65% stake. The funds will be used for growth capital in the lending operations and to support Kompanion's transformation to a licensed banking institution.
Why do we fund this investment?
By investing in Kompanion, FMO and Triodos IM bring a wealth of experience to enhance Kompanion's operations and governance. Kompanion is committed to the development of low-income communities, which is strongly aligned with FMO's own goal of improving access to finance. With a big part of the Kyrgyz population still living in poverty, Kompanion's approach to community development finance contributes significantly to the economic and social development of the Kyrgyz population.
More investments
| Date | Total FMO financing |
|---|---|
| 10/14/2022 | EUR 0.15 MLN |
| 9/26/2023 | USD 3.00 MLN |
| 8/9/2021 | USD 7.00 MLN |
| 5/9/2017 | EUR 0.07 MLN |
| 2/1/2017 | USD 8.00 MLN |
- Website customer/investment
- http://www.kompanion.kg/index.php?lang=en
- Region
- Europe & Central Asia
- Country
- Kyrgyzstan
- Sector
- Financial Institutions
- Effective date
- 12/15/2014
- Total FMO financing
- KGS 263.68 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C