The proposed Project consists of a up to US$6 million equivalent in Kyrgyzstani soms straight senior loan to Closed Joint-Stock Company “Kompanion Bank” – a private bank in the Kyrgyz Republic, an IDA country, with a strong focus on lending to micro and small enterprises. The proceeds from the loan will be used to provide access to affordable local currency funding to a larger number of underserved MSEs operating in remote areas. Up to 40 percent of the loan proceeds will be allocated to women-owned MSEs on-lending and up to 10 percent of the loan proceeds will be allocated to green financing of MSEs. The IFC’s loan is expected to have a tenor of up to three years.
The IFC categorized the project as FI-2.
As stated by the IFC:
Founded by Mercy Corps in 2004, Kompanion went through a transformation from a non-deposit-taking commercial microfinance company into a commercial bank in 2016. As of December 31, 2022, Mercy Corps remains the majority shareholder of the Bank with a 65 percent of shareholding capital, Nederlandse Financierings-Maatschappijvoor Ontwikkeungslanden N.V. (FMO) and Triodos funds own 17.5 percent of the Bank’s capital each.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Financial Intermediary - Kompanion Bank CJSC:
Saltanat Dzhantemirova - Head of department for work with foreign financial institutions
Phone: +996(312) 979 979
Address: 62, Shota Rustaveli St.,720044, Bishkek, Kyrgyzstan
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