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, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.

Banco Popular

Venture Round in 2022
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.

Banco Popular

Debt Financing in 2019
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.

Banco Popular

Non Equity Assistance in 2017
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.

Banco Popular

Venture Round in 2015
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.

Banco Popular

Venture Round in 2010
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.

Banco Popular

Venture Round in 2007
Banco Popular S.A. is a professional bank based in Tegucigalpa, Honduras, specializing in financial products and services tailored for both urban and rural markets. Established in 2008, it evolved from a microfinance program of the Fundacion Covelo to become a regulated bank, now recognized as the second largest microfinance institution in the country with over 20% market share and 23 offices nationwide. The bank offers a wide range of products, including savings and investment accounts, microcredits, small and medium enterprise loans, and consumer loans. Additionally, it provides various services such as remittances, currency exchange, micro insurance, and payment of public services and taxes. Banco Popular S.A. is dedicated to supporting micro, small, and medium enterprises, positioning itself as a vital contributor to economic growth, social development, and poverty reduction in Honduras.
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