KOMPANION BANK CJSC
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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 (Kompanion, predecessor to Kompanion Bank) was established in 2004 through the consolidation of five microcredit agencies established by Mercy Corps, a US-based international relief and development organization (www.mercycorps.org). Kompanion is one of the largest microfinance institutions in the Kyrgyz Republic with a loan portfolio of approximately USD58.5 million and 113.000 clients as of year end 2015. In 2015 Kompanion completed the first phase of its transformation to a licensed bank and in January 2016 it received a full banking license from the National Bank of the Kyrgyz Republic.
What is our funding objective?
To support Kompanion Bank’s implementation of individual lending with the support of international consultants.
Why do we fund this investment?
This project is in line with FMO’s strategy and MASSIF prioritites as this project supports the responsible growth of the MFI and hence the availability of services for micro and small entrepreneurs in rural Kyrgysztan.
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 |
| 12/15/2014 | KGS 263.68 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
- 3/3/2016
- End date
- 5/9/2017
- Total FMO financing
- EUR 0.07 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