About bank

Mission, objectives, history

Kompanion Bank's mission is to create a better future in partnership.

Kompanion Bank's goals:

  • Facilitate the development of SME businesses by delivering efficient financial services;
  • Be responsive to the changing realities of the marketplace and client expectations;
  • Value the time of clients and apply innovative methods and technologies when providing financial services;
  • Be a community-focused bank offering a wide range of financial services tailored to the needs and interests of clients and delivered hand-in-hand with development services;
  • Help promote a better quality of life, build healthier communities and increase financial inclusion.

Company’s history

As the leading global organization for economic development and aid, in 1997 Mercy Corps started to implement the first-ever microlending program in Kyrgyzstan. It is this activity that provides main assistance to people when moving from command to market-driven economy.

As early as in the mid-1998 Mercy Corps launched its own program for lending to small and medium-sized businesses. At the time, Mercy Corps was the first organization in Kyrgyzstan that offered loans for small and medium-sized businesses to individual entrepreneurs. In February 2003, the program was registered as the local microcredit agency, and Mercy Corps became its founder.

Later on, in 2003, Mercy Corps and its five microcredit agencies made a landmark decision to consolidate assets throughout Kyrgyzstan for the purposes of establishing a national community development financial institution―Kompanion. In October 2004, Kompanion was registered with the National Bank of the Kyrgyz Republic.