Media contacts
For questions about financing or funding possibilities, business offerings and acquisition, please use the contact form.
The number below is for media inquiries only.
Monica Beek
Media Spokesperson
T: +31 70 314 9130
M.Beek@fmo.nl
FMO closed a USD 4.25 million equity investment from MASSIF in Kompanion Kyrgyzstan for a stake of 17.5%. Triodos joined us in this transaction for the same amount.
Kompanion is the number 2 MFI in the country with a balance sheet of USD 90 million. 70% of the portfolio is outstanding in the agri-sector and 80% of the clients are women. Most of the lending concerns group loans with an average size of USD 750. Currently, Kompanion is in a transformation process to become a bank. We support this transformation with CD.
Kompanion also received a prestigeous award: the 5th European Microfinance Award for Microfinance and the Environment! Kompanion was selected from 26 applications from 19 countries. The prize of EUR 100,000 was awarded for Kompanion’s Pasture Land Management Training Initiative that provides a specialized "Credit for Conservation" loan linked to a training program for livestock farmers, which introduces sustainable land management practices and helps restore previously degraded lands.
About Kompanion
Kompanion is a microfinance company that supports the strengthening and growth of communities by offering development products and services to entrepreneurs and individuals all over Kyrgyzstan. Currently, Kompanion is one of the largest financial institutions in Kyrgyzstan as measured by number of consumers. Kompanion represents the culmination of 12 years of work by Mercy Corps in micro finance and its desire to leave an enduring and sustainable community development financial institution as its legacy to the people of Kyrgyzstan. Kompanion defines itself as a community development financial institution that seeks to combine conservation and development goals. Kompanion is a young, but quickly growing and developing institution, which promises to become the leading community development bank in Kyrgyzstan.
About FMO
FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.6 billion, FMO is one of the largest European bilateral private sector development banks. www.fmo.nl