Kompanion Bank is a microfinance institution (MFI) that provides loans and technical support to rural clients who run small-holder farms or raise livestock. Kompanion was organized in 2004 through the consolidation of five microcredit agencies that were affiliated with Mercy Corps. They seek to combine conservation and development goals and focus on environmental issues such as land use and management, waste management and recycling, green real estate, organic crop cultivation, and sound use of water resources.
Rural Kyrgyzstan
Since its formation, Kompanion has disbursed more than one million loans totaling approximately $628 million. They help promote sustainable agriculture and natural resource management through loans to small scale farmers, herders, and shepherds in Kyrgyzstan. Participants also receive business development training and technical support on topics such as home gardening and animal husbandry, allowing them to achieve more nutritious and productive lifestyles.
Apple orchard
Kompanion Bank measures its impact to understand whether it is reaching its goal of enabling its clients to improve their lives. To date their work has reached over 30,000 households in half of the villages in Kyrgyzstan.
Praxis Mutual Funds® supports organizations such as Kompanion Bank through investments in Calvert Impact Capital, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.