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

166 past transactions

Access Bank

Debt Financing in 2024
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Mutual Trust Bank

Debt Financing in 2024
Mutual Trust Bank Limited is a private commercial bank based in Dhaka, Bangladesh, established in 1999. The bank provides a diverse range of banking services, including retail banking products such as savings and current accounts, fixed deposits, personal loans, auto loans, home loans, and professional loans. It also offers various credit and debit card services, locker facilities, and comprehensive wholesale banking solutions, including term finance and working capital finance. Additionally, Mutual Trust Bank engages in trade finance, offshore banking, and services tailored for small and medium enterprises and non-resident Bangladeshis. The bank operates through an extensive network of 118 branches, five sub-branches, 131 agent banking centers, and numerous automated teller machines and point of sale terminals. Its operations are categorized into several segments, primarily focusing on domestic banking, which constitutes the majority of its revenue.

TowerCo of Africa

Debt Financing in 2024
TowerCo of Africa is a tower infrastructure company that provides innovative and comprehensive solutions for network connectivity and access to mobile communications. It is a fully owned subsidiary of Axian Telecom.

Gebana

Debt Financing in 2023
Gebana is an e-commerce platform focused on fair trade and organic foods, aimed at transforming global trade to benefit family farmers, local economies, and the environment. The company operates a global farmer market that facilitates access to sustainable products through its online platform. By connecting consumers with crowd projects, Gebana promotes ethical sourcing and supports sustainable agricultural practices, ensuring that clients can obtain high-quality food while contributing to positive social and environmental impacts.

Cidre IFD

Debt Financing in 2022
CIDRE IFD is a private, non-profit social development organization focused on delivering financial services to the rural sector in central and southern Bolivia. The organization specializes in offering micro-loans, enabling farmers to access credit more easily. In addition to micro-loans, CIDRE IFD provides various financial products such as Kiva credits, insurance, and savings facilities, as well as non-financial services aimed at supporting community development. By facilitating access to these resources, CIDRE IFD aims to enhance the economic well-being of rural populations.

Alterfin

Non Equity Assistance in 2022
Alterfin is a Brussels-based company founded in 1994 that specializes in providing financial support to microcredit institutions and fair trade producer associations in developing regions, including Africa, Asia, and Latin America. The company extends loans and offers sureties for loans, while also temporarily participating in the capital of microfinance institutions. Alterfin's mission centers on assisting small entrepreneurs and farmers by financing producers' associations that engage in fair trade agricultural practices. Through its initiatives, Alterfin aims to empower economically disadvantaged communities by facilitating access to necessary financial resources.

Compagnie Africaine de Crédit

Non Equity Assistance in 2022
Compagnie Africaine de Crédit is a pan-African microfinance group focusing on income-generating loans and guarantees to unbanked MSMEs.

KCB Group

Non Equity Assistance in 2022
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.

Njeru Industries

Non Equity Assistance in 2022
Njeru Industries specializes in the processing and export of tea. The company receives an estimated 75,000 kgs of green leaf daily from 8,000 active smallholder farmers with a small portion (~9%) from Njeru Tea Estates (a sister company owned 100% by Njeru Industries' main shareholder).

Kashf Foundation

Debt Financing in 2022
Kashf Foundation, established in 1996, is a leading microfinance institution in Pakistan dedicated to empowering poor women and their families through financial services. The foundation has disbursed $202 million in loans, reaching over one million individuals and providing them with access to essential financial capital. Its offerings include general, business, and home improvement loans, along with insurance products, all aimed at improving the economic status of low-income households. By focusing on women's economic self-reliance, Kashf Foundation fosters entrepreneurship and enhances the overall well-being of its clients.

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.

Poa Internet

Grant in 2022
Poa Internet Ltd. is a telecommunications company based in Nairobi, Kenya, founded in 2015. It specializes in providing low-cost internet services to individuals and small businesses in low-income neighborhoods, particularly in areas like Kibera and Kwangware. The company offers affordable and reliable internet access that is significantly cheaper than traditional network operators. Poa's services are delivered through a Wi-Fi network that covers entire neighborhoods, allowing users to connect with any Wi-Fi-enabled device at any time. Unique to Poa is its transparent pricing model, which includes data bundles without time limitations, as well as free content and online tools such as job boards and marketplaces. By focusing on underserved communities, Poa Internet aims to enhance access to education, trade, and social inclusion while ensuring improved quality of internet connections at accessible prices.

Electrical Controls & Switchgear

Non Equity Assistance in 2022
Electrical Controls & Switchgear is a manufacturer and supplier of electrical switchgear, transformers, and panels.

Société de Cultures Légumières

Non Equity Assistance in 2022
Société de Cultures Légumières is a public limited company developing an integrated production of vegetables.

Comafruits

Debt Financing in 2022
Comafruits is a mango processing company producing mango purée, mango concentrates, and frozen mango.

Bánh Vàng

Non Equity Assistance in 2022
Bánh Vàng is an industrial bakery delivering various products throughout Asia.

Candi

Non Equity Assistance in 2022
Candi is a solar company that specializes in small-scale commercial and industrial rooftop solar battery solutions. It offers installation and operational services to help clients harness solar energy effectively. By providing solar and storage services at competitive prices, Candi enables businesses and individuals to reduce their energy costs while simultaneously lowering their carbon footprint. The company's focus on delivering long-term value and liquidity supports a sustainable energy transition for its clients.

Green Sustainable Ventures

Non Equity Assistance in 2022
Green Sustainable Ventures builds and operates a solar PV park. It handles the construction and operationalisation of a 20 MW photovoltaic panel solar plant in Svay Rieng in Southeast Cambodia.

AgroServ Industry

Non Equity Assistance in 2022
Agroserv Industrie SA is a specialized agro-processing company based in Ouagadougou, Burkina Faso, focused on the production of corn flour and related products. Established in 2008, the company processes 100 tonnes of maize daily, producing a variety of items including corn flour, corn grits, cornmeal, and corn bran. These products are packaged in various sizes, including 5, 15, 20, and 25 kg bags, catering to both human consumption and animal nutrition. Agroserv's offerings include fortified semolina for consumers and corn bran used in livestock and poultry feed, which contributes to unique flavors in the final products. The company aims to meet the demands of the maize sector within Burkina Faso.

Fidelity Bank Ghana

Non Equity Assistance in 2022
Fidelity Bank Ghana Limited is a commercial bank based in Accra, Ghana, established in 2006. It offers a range of banking products and services, including current and savings accounts, time deposits, internet banking, SMS banking, and money transfer services. The bank caters to various clients through executive and private banking, corporate finance, retail banking, mortgage, trade, wholesale banking, and treasury services. Additionally, Fidelity Bank Ghana supports government objectives in electrification and power generation by financing independent power providers and facilitates importation of refined crude oil. It also provides advisory services, issues securities, raises capital, and manages portfolio investments for clients through its subsidiaries. The bank is committed to meeting the financial needs of low-income customers, small-scale entrepreneurs, and rural communities.

Victoria Commercial Bank

Debt Financing in 2022
Victoria Commercial Bank is a commercial bank company that provides financial services. It also offers personal banking services to employees and corporate clients. They provide online banking, credit cards, and other financial services.

Spark+ Africa Fund

Venture Round in 2022
Spark+ Africa Fund is a fund of financial companies that provide next-generation, widely dispersed cooking energy solutions for the general public and was established to encourage investment in one of the world's most neglected energy concerns with substantial social and environmental ramifications. Other social and environmental advantages that businesses can provide include preserving forests, promoting gender equality, fostering industrial and economic growth, and lowering greenhouse gas emissions.

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.

Alterfin

Non Equity Assistance in 2022
Alterfin is a Brussels-based company founded in 1994 that specializes in providing financial support to microcredit institutions and fair trade producer associations in developing regions, including Africa, Asia, and Latin America. The company extends loans and offers sureties for loans, while also temporarily participating in the capital of microfinance institutions. Alterfin's mission centers on assisting small entrepreneurs and farmers by financing producers' associations that engage in fair trade agricultural practices. Through its initiatives, Alterfin aims to empower economically disadvantaged communities by facilitating access to necessary financial resources.

Candi

Debt Financing in 2022
Candi is a solar company that specializes in small-scale commercial and industrial rooftop solar battery solutions. It offers installation and operational services to help clients harness solar energy effectively. By providing solar and storage services at competitive prices, Candi enables businesses and individuals to reduce their energy costs while simultaneously lowering their carbon footprint. The company's focus on delivering long-term value and liquidity supports a sustainable energy transition for its clients.

Social Performance Task Force

Non Equity Assistance in 2022
Social Performance Task Force is a nonprofit membership organization promoting social and environmental performance management for financial service providers. The organization's vision is to be a transparent, responsible, and inclusive financial sector that achieves positive outcomes for low-income people. They believe the social impact is not automatically achieved by all pro-poor financial institutions. In fact, achieving positive outcomes for clients requires careful and balanced management. It aims to show the financial industry how to manage social performance.

T&T Fruits

Debt Financing in 2022
T&T Fruits is a family-owned company that specializes in the processing and packaging of fresh fruits for export.

Candi

Debt Financing in 2021
Candi is a solar company that specializes in small-scale commercial and industrial rooftop solar battery solutions. It offers installation and operational services to help clients harness solar energy effectively. By providing solar and storage services at competitive prices, Candi enables businesses and individuals to reduce their energy costs while simultaneously lowering their carbon footprint. The company's focus on delivering long-term value and liquidity supports a sustainable energy transition for its clients.

TUNISIE LEASING

Non Equity Assistance in 2021
TUNISIE LEASING provides leasing, factoring, and long-term rental of transport and equipment. They offer a short-term financing solution to companies that make sales or provide services to mobilize cash without imposing a payment deadline and a long-term rental solution for managing their vehicle fleet.

Optimal Financial Services

Debt Financing in 2021
Optimal Financial Services, in addition to providing a line of credit for personal consumption, facilitates the growth of companies by offering multiple credit lines, factoring services, and working capital.

Banco Guayaquil

Venture Round in 2021
Banco Guayaquil S.A. is a prominent financial institution in Ecuador that offers a wide range of banking products and services tailored for both individuals and businesses. For corporate clients, the bank provides essential services such as current accounts, export and import financing, letters of credit, and bank guarantees. On the personal banking side, it offers savings accounts, debit cards, multicredit options, and other financial products. Through its diverse offerings, Banco Guayaquil aims to meet the varying financial needs of its customers across the country.

Groupe Cofina

Debt Financing in 2021
Cofina Mali is a microfinance institution focused on supporting the growth of informal micro-enterprises in the region. Established as part of Groupe COFINA, it aims to enhance financial inclusion by offering a range of financial services, including savings and credit options tailored for small and medium-sized enterprises. Cofina Mali plays a crucial role in the formalization of the African business market by providing medium and long-term financing to businesses that may not meet the criteria of traditional commercial banks. With a presence in multiple French-speaking African countries, Cofina Mali is dedicated to fostering the development of the private sector and contributing to economic growth in the region.

Geuther Vietnam

Venture Round in 2021
Geuther Vietnam specializes in the production of wooden safety gates and other solid wood baby furniture.

Advans Côte d'Ivoire

Grant in 2021
Advans Ivory Coast offers a range of financial services customised to clients’ needs. They help customers grow their businesses and achieve their personal goals. They employ a client-centric approach, using client feedback to improve their services. They provide everything from microloans to Small and medium-sized enterprises loans to current accounts, savings plans, insurance, and transfers.

Acceso Crediticio

Venture Round in 2021
Acceso Crediticio S.A., founded in 1999 and based in Lima, Peru, is a financial institution focused on providing car loans primarily to informal taxi drivers operating in underserved urban areas. As a subsidiary of Acceso Corp. S.A., the company aims to serve base-of-the-pyramid entrepreneurs who often lack access to traditional banking services. By offering tailored financial products, Acceso Crediticio addresses the needs of this unbanked market segment, promoting the acquisition of clean energy-powered vehicles to help reduce CO2 emissions. The institution's approach not only facilitates mobility for low-income drivers but also contributes to environmental sustainability.

Lendable

Venture Round in 2021
Lendable Inc., established in 2014 and headquartered in San Francisco, specializes in facilitating debt financing for fintech firms operating in emerging and frontier markets. The company's core business involves operating an online lending platform that connects alternative lenders with institutional debt investors, thereby bridging the funding gap for high-growth fintechs in Africa and other developing regions. Lendable aims to expand financial access by supporting impact investing as a competitive asset class, targeting one hundred million underserved borrowers worldwide.

EFC Uganda

Venture Round in 2021
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focusing on providing specialized loans to support the growth of local wealth. The organization offers microloans at competitive interest rates to micro and small-size entrepreneurs (MSEs), facilitating increased economic activity. In addition to loans, EFC Uganda provides various savings account options, including regular, premium, and term deposit accounts, enabling clients to create value and enhance their financial stability. Through its services, EFC Uganda aims to empower entrepreneurs and contribute to the overall economic development of the region.

Alterfin

Non Equity Assistance in 2021
Alterfin is a Brussels-based company founded in 1994 that specializes in providing financial support to microcredit institutions and fair trade producer associations in developing regions, including Africa, Asia, and Latin America. The company extends loans and offers sureties for loans, while also temporarily participating in the capital of microfinance institutions. Alterfin's mission centers on assisting small entrepreneurs and farmers by financing producers' associations that engage in fair trade agricultural practices. Through its initiatives, Alterfin aims to empower economically disadvantaged communities by facilitating access to necessary financial resources.

Advans Côte d'Ivoire

Debt Financing in 2021
Advans Ivory Coast offers a range of financial services customised to clients’ needs. They help customers grow their businesses and achieve their personal goals. They employ a client-centric approach, using client feedback to improve their services. They provide everything from microloans to Small and medium-sized enterprises loans to current accounts, savings plans, insurance, and transfers.

XpressGas

Debt Financing in 2021
XpressGas Limited operates in the liquefied petroleum (LP) gas sector in Ghana, focusing on the marketing and distribution of LP gas to a diverse clientele, including industries, public institutions, and commercial consumers. The company provides a range of services, including operational management for mini-refilling plants, bulk hauling, and transportation for oil marketing and LP gas companies. XpressGas also manages a fleet of bulk haulage trucks, facilitating the delivery of LP gas through various channels such as refilling stations, consumer service stations, and cylinder depots. The firm aims to offer environmentally friendly LP gas solutions, catering to both households and businesses, while promoting access to cleaner energy alternatives to traditional wood fuel. Based in Tema, Ghana, XpressGas is committed to bridging the energy gap in the region.

Sanasa Development Bank

Venture Round in 2021
Sanasa Development Bank is a financial institution based in Colombo, Sri Lanka, established in 1997. The bank offers a range of ethical financial products and services aimed at promoting financial security and contributing to the stability of the national economy. Its offerings include various types of banking services such as accepting deposits, credit pawning, leasing, and refinance loan schemes. The bank serves a diverse clientele, including farmers, fishermen, vendors, laborers, and small business owners, with a particular focus on uplifting the living standards of low-income families through its microfinance initiatives. Sanasa Development Bank's products are tailored for convenience and are branded under names such as SDB Dayada, Lakdaru Children's Savings, and SME Plus, among others.

Fondo de Desarrollo Local

Debt Financing in 2021
Fondo de Desarrollo Local is a regulated microfinance institution based in Managua, Nicaragua, established in 1992. It specializes in providing banking products and services to individuals and solidarity groups in both rural and urban areas. The company offers a variety of financial solutions, including micro loans for working capital, seasonal sales, investments, equipment purchases, personal expenses, and housing improvements for small and medium-sized businesses. Additionally, it extends loans tailored for agricultural and livestock purposes, as well as individual loans for personal expenses, home buying, and vehicle purchases. Fondo de Desarrollo Local also provides micro insurance products, covering family safety, income, and other insurance needs. Its commitment includes supporting women entrepreneurs through short-term lending and microcredit services.

Bancop

Debt Financing in 2021
Bancop is a cooperatively owned bank that focuses on serving businesses, small and medium enterprises (SMEs), farmers, and individuals. It provides a diverse array of financial products and services tailored to the needs of production cooperatives and their partners. Bancop's offerings include loans, insurance, salary payment services, and other banking solutions. The institution is dedicated to delivering responsive customer service and innovative financial products that enhance its competitive edge in the market.

Annapurna Finance

Private Equity Round in 2021
Annapurna Finance is a microfinance institution focused on the financial and economic upliftment of underserved women and economically backward clients. The organization aims to expand microfinance operations in areas lacking access to formal financial systems, providing vital livelihood support to impoverished households. Annapurna Finance offers a range of need-based financial services, including micro-loans for clean water, sanitation, home improvement, support for widowed families, and small businesses. Additionally, the company provides customized insurance plans to ensure that customers receive tailored financial assistance aligned with their life cycle needs. By bringing these clients into the financial mainstream, Annapurna Finance facilitates economic empowerment and entrepreneurial skill development.

Mitra Bisnis Keluarga Ventura

Debt Financing in 2021
Mitra Bisnis Keluarga Ventura is a microfinance institution focused on providing working capital to low-income women. Its primary aim is to offer formal and cost-effective financial services that enhance financial inclusion, reduce vulnerability, and improve the overall quality of life for its clients. By supporting women in their entrepreneurial endeavors, the institution aligns with the government's Sustainable Development Goals, particularly in the areas of poverty alleviation and women's empowerment. Through its initiatives, Mitra Bisnis Keluarga Ventura strives to make a significant impact on the lives of underserved populations.

Enda Tamweel

Venture Round in 2020
Enda Tamweel SA is a microfinance company established in 2015 in Tunis, Tunisia, by the NGO Enda Inter-Arab. The company focuses on providing financial and non-financial services aimed at micro-entrepreneurs, particularly marginalized households, including women and youth. Its financial offerings include various micro-credits tailored for agricultural and non-agricultural projects, as well as a creation pack designed to support young entrepreneurs. Additionally, Enda Tamweel provides digital services such as M-dinar for mobile payment transactions and the La Carte Mobitamweel prepaid card. Beyond financial products, the company offers non-financial support services that encompass training, marketing assistance, and awareness programs for children, alongside microinsurance options. Through these comprehensive services, Enda Tamweel aims to enhance the living conditions of its clients and foster an entrepreneurial culture.

EDFI Management Company

Debt Financing in 2020
EDFI Management Company (EDFI MC) is a multilaterally owned impact asset manager which delivers innovative development finance solutions that enable European DFIs, development banks and private sector investors to increase the scale and impact of their work. The company focuses on business models, technologies and geographies where other investors have not been able to operate at the desired scale given their resources and investment criteria. To learn more visit www.edfimc.eu.

KCB Group

Debt Financing in 2020
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.

Enko Education

Debt Financing in 2020
Enko Education operates a network of international secondary schools across Africa, providing students with a pathway to admission at top universities worldwide. The organization focuses on delivering an innovative educational model based on an internationally recognized curriculum. By offering quality education at discounted fees, Enko Education aims to prepare learners for global academic opportunities and foster their development in a competitive educational landscape.

Apoyo Integral

Debt Financing in 2020
SAC Apoyo Integral S.A. is a prominent microfinance institution based in San Salvador, El Salvador, founded in 1990. It serves approximately 40,000 clients with a loan portfolio valued at around 70 million USD. The company emphasizes a social impact strategy, which its shareholders view as a key differentiator in a competitive financial market. This strategy aligns social and financial returns, as evidenced by the institution's commitment to annual social objectives. These objectives include extending life and health insurance to about 70% of its clients, providing technical assistance for construction linked to 70% of housing-related loans, and offering financial education seminars to at least 2.2% of its client base. Apoyo Integral operates as a subsidiary of Apoyo Integral Inversiones S.A. de C.V., reinforcing its focus on sustainable growth and community support.

AviNiger

Debt Financing in 2020
AviNiger is a greenfield poultry project with a focus on producing eggs.

Procarsa

Debt Financing in 2020
Procarsa is a cardboard box manufacturer for the local and global markets.

BIM

Debt Financing in 2020
BIM operates as a holding company that manages investment companies and funds that seek a positive impact beyond financial return. They design, create, and manage various investment vehicles and funds. They are involved in the capital market, clean energy, consulting, and fund administration businesses.

Centrale Solaire de Bir El Haffey

Debt Financing in 2020
Centrale Solaire de Bir El Haffey is a solar project that includes trackers and bifacial technology to optimize plant yield. It consists of a 9.973-MWp PV plant located 9km South of Bir El Haffay, in the Sidi Bouzid Governorate.

Banque de Crédit de Bujumbura

Venture Round in 2020
Banque de Crédit de Bujumbura S.M. is a full-service bank based in Bujumbura, Burundi, established in 1909. The institution provides a range of banking and financial services to both individuals and businesses, primarily focusing on foreign trade financing. Its domestic offerings include cash transactions, cheque clearance, account management, and standing orders, while international services encompass import and export financing, currency exchange, and financial transactions. Additionally, the bank provides online banking, ATM services, term deposits, credit cards, and life insurance policies. Its clientele spans various sectors, including agriculture, petroleum, automobile distribution, construction, and non-governmental organizations. The bank has formed strategic partnerships with several financial institutions to enhance its service offerings. Originally known as Banque du Congo Belge, it rebranded in July 1964.

Geuther Vietnam

Debt Financing in 2020
Geuther Vietnam specializes in the production of wooden safety gates and other solid wood baby furniture.

BIM

Venture Round in 2020
BIM operates as a holding company that manages investment companies and funds that seek a positive impact beyond financial return. They design, create, and manage various investment vehicles and funds. They are involved in the capital market, clean energy, consulting, and fund administration businesses.

Proximity Designs

Debt Financing in 2020
Proximity Designs is a non-profit organization founded in 2004 that focuses on improving the livelihoods of farmers in Myanmar through innovative agricultural solutions. The organization designs and manufactures a range of farming equipment, including sprinklers, solar irrigation pumps, and hand-powered water pumps. In addition to its agricultural products, Proximity Designs offers agronomy advisory services, social services, and agricultural financing through Proximity Finance, a microfinance institution that currently serves approximately 100,000 households with plans to expand significantly in the coming years. The organization aims to promote sustainable farming practices and enhance economic opportunities for rural communities in Myanmar. Headquartered in South Pasadena, California, it also operates an office in Yangon, Myanmar.

Pact

Debt Financing in 2020
Pact's mission is to build empowered communities, effective governments and responsible private institutions.

Fairtrade Access Fund

Grant in 2020
Fairtrade Access Fund is an open-ended debt fund investing in microfinance institutions in developing countries. The fund supports FAF investees and potential investees in attaining their development potential by providing access to skills and technical assistance services.

SDG Frontier Fund

Venture Round in 2020
SDG Frontier Fund is a self-managed fund-of-funds that aims to co-invest with BIO in private equity funds.

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.

Tozzi Green

Non Equity Assistance in 2019
Tozzi Green is a company focused on providing comprehensive solutions and services for the development of energy production plants utilizing renewable sources. It conducts thorough analyses and assessments to ensure project sustainability and is involved in both preliminary and final design, as well as the creation of working drawings. The company also manages the entire authorization process necessary for plant construction, effectively integrating the supply chain in its operations.

EFC Uganda

Non Equity Assistance in 2019
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focusing on providing specialized loans to support the growth of local wealth. The organization offers microloans at competitive interest rates to micro and small-size entrepreneurs (MSEs), facilitating increased economic activity. In addition to loans, EFC Uganda provides various savings account options, including regular, premium, and term deposit accounts, enabling clients to create value and enhance their financial stability. Through its services, EFC Uganda aims to empower entrepreneurs and contribute to the overall economic development of the region.

TUNISIE LEASING

Debt Financing in 2019
TUNISIE LEASING provides leasing, factoring, and long-term rental of transport and equipment. They offer a short-term financing solution to companies that make sales or provide services to mobilize cash without imposing a payment deadline and a long-term rental solution for managing their vehicle fleet.

FINCA Malawi

Debt Financing in 2019
FINCA Malawi is a licensed deposit-taking financial institution offering individual loans, savings, and insurance products designed for the local market.

Tozzi Green

Debt Financing in 2019
Tozzi Green is a company focused on providing comprehensive solutions and services for the development of energy production plants utilizing renewable sources. It conducts thorough analyses and assessments to ensure project sustainability and is involved in both preliminary and final design, as well as the creation of working drawings. The company also manages the entire authorization process necessary for plant construction, effectively integrating the supply chain in its operations.

Fairtrade Access Fund

Venture Round in 2019
Fairtrade Access Fund is an open-ended debt fund investing in microfinance institutions in developing countries. The fund supports FAF investees and potential investees in attaining their development potential by providing access to skills and technical assistance services.

ACEP Group

Venture Round in 2019
ACEP Group is a microfinance organization that specializes in providing financial services to very small and medium enterprises (VSEs and MSEs) in Burkina Faso. The company focuses on delivering tailored financing solutions to micro companies and small businesses located in towns and nearby suburbs. By addressing the specific working capital and investment needs of these enterprises, ACEP Group plays a vital role in fostering economic and social development within the region.

Sanasa Development Bank

Debt Financing in 2019
Sanasa Development Bank is a financial institution based in Colombo, Sri Lanka, established in 1997. The bank offers a range of ethical financial products and services aimed at promoting financial security and contributing to the stability of the national economy. Its offerings include various types of banking services such as accepting deposits, credit pawning, leasing, and refinance loan schemes. The bank serves a diverse clientele, including farmers, fishermen, vendors, laborers, and small business owners, with a particular focus on uplifting the living standards of low-income families through its microfinance initiatives. Sanasa Development Bank's products are tailored for convenience and are branded under names such as SDB Dayada, Lakdaru Children's Savings, and SME Plus, among others.

Banco VisionFund Ecuador

Debt Financing in 2019
Banco VisionFund Ecuador operates as a microfinance organization focused on supporting vulnerable members of society. The institution provides short-term loans and financial assistance to micro-enterprise owners and individuals, aiming to foster growth and improve the quality of life for its borrowers. In addition to financial services, Banco VisionFund Ecuador also offers non-financial support, ensuring that clients receive comprehensive assistance tailored to their needs.

Azito Energie

Debt Financing in 2019
Azito Energie S.A. is a company based in Abidjan, Ivory Coast, that develops, owns, and operates a thermal power plant utilizing natural gas resources. Founded in 1997, Azito Energie plays a significant role in enhancing energy independence in Côte d'Ivoire and contributes to the country's position as an important electricity supplier in West Africa. As a subsidiary of Globeleq Generation Limited, the company focuses on harnessing indigenous natural gas to generate electricity efficiently.

La Laiterie du Berger

Debt Financing in 2019
La Laiterie du Berger is a Senegalese company dedicated to producing dairy products using fresh milk sourced from over 800 local farmers in the Richard Toll area of northern Senegal. The company specializes in a variety of milk-based products, including flavored yogurt, natural yogurt, pasteurized fresh milk, and clotted cream. These products are distributed through more than 6,000 outlets, including shops, convenience stores, and supermarkets. La Laiterie du Berger aims to provide affordable, locally sourced dairy options in a market that faces significant competition from imported milk powder and products from the informal economy.

Banco Solidario

Debt Financing in 2019
Banco Solidario S.A. is a financial services provider based in Quito, Ecuador, founded in 1995. The institution focuses on offering a range of products tailored to micro segments, including microcredit, personal credit, savings accounts, and certificates of deposit. It also provides specialized services such as insurance and a unique credit option known as "Olla de Oro," which is secured by gold jewelry. With a presence in major cities across Ecuador, Banco Solidario aims to meet the financial needs of various clients through accessible banking solutions and social investments.

Enda Tamweel

Debt Financing in 2019
Enda Tamweel SA is a microfinance company established in 2015 in Tunis, Tunisia, by the NGO Enda Inter-Arab. The company focuses on providing financial and non-financial services aimed at micro-entrepreneurs, particularly marginalized households, including women and youth. Its financial offerings include various micro-credits tailored for agricultural and non-agricultural projects, as well as a creation pack designed to support young entrepreneurs. Additionally, Enda Tamweel provides digital services such as M-dinar for mobile payment transactions and the La Carte Mobitamweel prepaid card. Beyond financial products, the company offers non-financial support services that encompass training, marketing assistance, and awareness programs for children, alongside microinsurance options. Through these comprehensive services, Enda Tamweel aims to enhance the living conditions of its clients and foster an entrepreneurial culture.

South Asia Growth Fund II (SAGFII)

Venture Round in 2019
South Asia Growth Fund II (SAGF II), an investment fund dedicated to support energy and water efficiency in India and Bangladesh,

Banco Guayaquil

Debt Financing in 2019
Banco Guayaquil S.A. is a prominent financial institution in Ecuador that offers a wide range of banking products and services tailored for both individuals and businesses. For corporate clients, the bank provides essential services such as current accounts, export and import financing, letters of credit, and bank guarantees. On the personal banking side, it offers savings accounts, debit cards, multicredit options, and other financial products. Through its diverse offerings, Banco Guayaquil aims to meet the varying financial needs of its customers across the country.

Compagnie Africaine de Crédit

Debt Financing in 2019
Compagnie Africaine de Crédit is a pan-African microfinance group focusing on income-generating loans and guarantees to unbanked MSMEs.

Cofina Sénégal

Debt Financing in 2019
Cofina Sénégal is a microfinance group focusing its activities on income-generating loans and guarantees to unbanked MSMEs. In 2016, it started to deploy retail activities providing current accounts, savings accounts, notes, bank cards, online transfer services, and insurance products to its clients who were usually excluded from formal financial services.

Access Bank

Post in 2019
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Srei Equipment Finance

Debt Financing in 2019
Srei Equipment Finance Ltd. (SEFL) is one of the leading financiers in the Construction, Mining and allied Equipment (“CME”) sector in India, with approximately 33% market share in Fiscal 2018 and a pan-India presence across 21 states with over 90 offices.

Access Bank

Post in 2019
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

Arrend

Debt Financing in 2018
Arrend is a company that specializes in providing a range of leasing services to both businesses and individuals. Its offerings include financial and operational leasing, real estate leasing, fleet management, and automobile leasing. Additionally, Arrend provides services in factoring, investments, and insurance advisory. By focusing on enhancing the use of leasing at the regional level, the company aims to help clients improve their financial standing and profitability. Arrend is also developing a strong presence in the market for operating leasing of vehicles and heavy machinery, further solidifying its position within the industry.

Khan Bank

Debt Financing in 2018
Khan Bank is a universal bank based in Mongolia that provides a wide range of banking and financial services to consumers, small and medium enterprises, and corporate clients. Its offerings include consumer loans, mortgage loans, herd loans, business loans, and various banking services such as internet and telephone banking. Additionally, the bank facilitates foreign payments and offers banking card services, alongside customer service and insurance brokerage services. By catering to the diverse financial needs of its clients, Khan Bank aims to support their growth and contribute positively to the well-being of society.

Enko Education

Debt Financing in 2018
Enko Education operates a network of international secondary schools across Africa, providing students with a pathway to admission at top universities worldwide. The organization focuses on delivering an innovative educational model based on an internationally recognized curriculum. By offering quality education at discounted fees, Enko Education aims to prepare learners for global academic opportunities and foster their development in a competitive educational landscape.

XacLeasing

Debt Financing in 2018
XacLeasing company will deliver comprehensive, high quality, on time leasing services to Mongolian citizens and companies.

Puratos Grand-Place Indochina

Non Equity Assistance in 2018
Puratos Grand-Place Indochina is a producer of ingredients and solutions tailored for the chocolate, bakery, and pastry industries. Based in Thuan An, Vietnam, the company focuses on the research and development of bakery processes and products, including baked goods, pastries, and a variety of chocolate offerings. Their clientele includes bakeries, food service companies, supermarkets, and both industrial and semi-industrial customers, providing them with raw materials and specialized solutions to enhance their product offerings.

XacLeasing

Grant in 2018
XacLeasing company will deliver comprehensive, high quality, on time leasing services to Mongolian citizens and companies.

Citizens Development Business Finance

Post in 2018
Citizens Development Business Finance PLC, established in 1995 and headquartered in Colombo, Sri Lanka, offers a diverse range of financial services through its various segments. The company provides products such as fixed and savings deposits, auto and personal loans, home financing, and hire purchase options. Additionally, it engages in leasing and stock out on hire, along with corporate financial services. Citizens Development Business Finance also facilitates foreign currency exchange, retail credit, margin trading, and Islamic finance, catering to the financial needs of individuals and businesses alike. With a commitment to comprehensive financial solutions, the company plays a significant role in the Sri Lankan financial landscape.

EFC Uganda

Venture Round in 2018
Entrepreneurs Financial Centre (EFC) Uganda is a microfinance institution established in June 2012, focusing on providing specialized loans to support the growth of local wealth. The organization offers microloans at competitive interest rates to micro and small-size entrepreneurs (MSEs), facilitating increased economic activity. In addition to loans, EFC Uganda provides various savings account options, including regular, premium, and term deposit accounts, enabling clients to create value and enhance their financial stability. Through its services, EFC Uganda aims to empower entrepreneurs and contribute to the overall economic development of the region.

Bósforo

Debt Financing in 2018
Bósforo is a PV solar project providing over 200 GWh/year of renewable energy.

AviNiger

Venture Round in 2018
AviNiger is a greenfield poultry project with a focus on producing eggs.

Ecobank

Debt Financing in 2017
Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.

Africinvest

Venture Round in 2017
AfricInvest, established in 1994 and headquartered in Tunis, Tunisia, is a prominent private equity investment firm focused on supporting small and medium enterprises across Africa. With dedicated investment teams for both North Africa and Sub-Saharan Africa, AfricInvest employs 66 professionals across seven offices. The firm has invested in 135 companies spanning 25 African countries, targeting high-growth sectors such as financial services, agribusiness, consumer goods, retail, education, and healthcare. AfricInvest is recognized for its strong, long-term relationships with local and international investors, including major development finance institutions. In addition to its investment activities, the firm actively promotes the private equity industry in Africa, having co-founded several key associations, including the African Venture Capital Association and the Middle East North Africa Private Equity Association.

AviNiger

Debt Financing in 2017
AviNiger is a greenfield poultry project with a focus on producing eggs.

Enda Tamweel

Venture Round in 2017
Enda Tamweel SA is a microfinance company established in 2015 in Tunis, Tunisia, by the NGO Enda Inter-Arab. The company focuses on providing financial and non-financial services aimed at micro-entrepreneurs, particularly marginalized households, including women and youth. Its financial offerings include various micro-credits tailored for agricultural and non-agricultural projects, as well as a creation pack designed to support young entrepreneurs. Additionally, Enda Tamweel provides digital services such as M-dinar for mobile payment transactions and the La Carte Mobitamweel prepaid card. Beyond financial products, the company offers non-financial support services that encompass training, marketing assistance, and awareness programs for children, alongside microinsurance options. Through these comprehensive services, Enda Tamweel aims to enhance the living conditions of its clients and foster an entrepreneurial culture.

SenergyPV

Debt Financing in 2017
The Senergy project consists of the design, construction, financing, operation and the maintenance of the 29.5 MWc solar power plant. Senergy PV SA will also be in charge of the construction of a 9-km transmission line on behalf of the client Senelec. The project will be located in Santhiou Mekhe approximately 125 km northeast of Dakar.

Ventureast

Venture Round in 2017
VenturEast is a venture capital investment firm established in 1997 and headquartered in Bangalore, Karnataka. It focuses on investing in early-stage companies primarily in the technology, healthcare, and clean environment sectors across India. The firm aims to partner with entrepreneurs who are not only aligned with current trends but are also poised to lead future innovations. VenturEast welcomes a diverse range of founders, including mature business professionals, tech-savvy individuals returning from abroad, and employees from corporate or scientific backgrounds, all united by a shared drive to make a meaningful impact.

F&S Solar

Debt Financing in 2017
F&S Solar involves itself in the development of solar projects and EPCs. The business of the company is the development, planning, and construction of solar power plants. The reduce inefficient use of fossil fuels such as coal and oil and make room for alternative energy technologies. They provide research and developments in F&S solar that are reflected in high system yields and durable, low-maintenance systems.
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