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 Honduras

Banco Popular

Non Equity Assistance in 2022
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.

Banco Popular

Venture Round in 2022
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.

Banco Popular

Debt Financing in 2019
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.

Banco Popular

Non Equity Assistance in 2017
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.

Banco Popular

Venture Round in 2015
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.

Banco Popular

Venture Round in 2010
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.

Banco Popular

Venture Round in 2007
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, that provides a range of financial products and services aimed at both urban and rural markets. Established in 2008, the bank originated from the microfinance program of Fundacion Covelo and has since become the second largest microfinance institution in the country, holding over 20% of the market share with 23 offices nationwide. Banco Popular offers various financial products, including savings and investment options, microcredits, and loans for small and medium enterprises as well as consumers. Its services encompass remittances, currency exchange, micro insurance, and electronic payment solutions, all designed to support economic growth and social development in Honduras. The bank's focus on micro, small, and medium enterprises underscores its commitment to poverty reduction and enhancing financial inclusion in the region.
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