Belgian Investment Company for Developing Countries

The Belgian Investment Company for Developing Countries (BIO) is an economic development agency located in Brussels, Belgium, founded in 2001. Its primary goal is to foster a robust private sector in developing and emerging countries, facilitating access to sustainable growth and development. BIO directly invests in private sector projects, contributing significantly to the socio-economic development of the host countries. The agency's mandate emphasizes specific geographical targets, diverse financing tools, and a strong focus on the impact of its investments on development, aligning with international development goals. The management of BIO's assets is overseen by its executive management team, ensuring that its initiatives effectively support sustainable economic progress in the regions it serves.

Carole Maman

Chief Investment Officer

Past deals in Ecuador

Banco Guayaquil

Venture Round in 2021
Banco Guayaquil S.A. is a prominent banking institution in Ecuador that offers a wide range of financial products and services tailored for both individuals and businesses. The bank provides corporate banking services, including current accounts, export and import financing, letters of credit, and bank guarantees. For personal banking, Banco Guayaquil offers savings accounts, debit cards, and various credit options. This comprehensive suite of services positions the bank as a key player in the Ecuadorian financial sector, catering to diverse customer needs while supporting economic activities within the country.

Banco VisionFund Ecuador

Debt Financing in 2019
Banco VisionFund Ecuador is a microfinance institution dedicated to supporting vulnerable sectors of society. The organization offers short-term loans and financial resources to micro-enterprise owners and individuals, facilitating their growth and enhancing their quality of life. In addition to financial services, Banco VisionFund Ecuador also provides non-financial support, aiming to empower borrowers and foster sustainable development within the communities it serves. Through its initiatives, the institution plays a significant role in improving access to financial resources for those who may not have traditional banking options.

Banco Solidario

Debt Financing in 2019
Banco Solidario S.A. is a financial services provider based in Quito, Ecuador, established in 1995. The company specializes in offering a range of financial products, particularly focused on microfinance, to cater to the needs of underserved segments of the population. Its services include microcredit, personal credit facilities, savings accounts, solidary savings, and certificates of deposit. Additionally, Banco Solidario provides insurance products and unique offerings such as "Olla de Oro," a credit product secured by gold jewelry. The company maintains a presence in major cities across Ecuador, aiming to promote financial inclusion and support the financial needs of its clients.

Banco Guayaquil

Debt Financing in 2019
Banco Guayaquil S.A. is a prominent banking institution in Ecuador that offers a wide range of financial products and services tailored for both individuals and businesses. The bank provides corporate banking services, including current accounts, export and import financing, letters of credit, and bank guarantees. For personal banking, Banco Guayaquil offers savings accounts, debit cards, and various credit options. This comprehensive suite of services positions the bank as a key player in the Ecuadorian financial sector, catering to diverse customer needs while supporting economic activities within the country.

Banco Pichincha

Debt Financing in 2016
Banco Pichincha is a financial firm firm in Ecuador supporting the financial needs of people, their institutions, and their companies. The company aims to be the leading bank in its market in image, participation, products and quality of services, focusing its efforts on the client, anticipating its needs, developing its personnel, and granting sustainable profitability to its shareholders. The company has been operating in the industry since 1906.

Banco D-MIRO

Debt Financing in 2015
Banco D-MIRO S.A., located in Guayaquil, Ecuador, is a regulated financial institution dedicated to providing micro-financing services aimed at fostering development in vulnerable communities along the Ecuadorian coast. The institution began its operations in 1997 through the Norwegian Alliance Mission Microfinance program and has since evolved from a microfinance initiative into a formal banking entity. Banco D-MIRO focuses on delivering individual micro-credits and savings solutions to clients in suburban areas, empowering them to improve their businesses and enhance their quality of life. By prioritizing support for economically disadvantaged sectors, Banco D-MIRO strives to contribute significantly to poverty alleviation in the region. Since transitioning to a formal banking entity in 2011, Banco D-MIRO has expanded its services, impacting thousands of families by facilitating access to essential financial resources.
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