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 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.

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.

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.

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.

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, specializes in providing micro-financing services aimed at fostering development in vulnerable coastal communities. Established as a foundation in 1997, it began by addressing the financial needs of residents in Trinitaria Island, facilitating small loans to improve their businesses. Over the years, the organization experienced significant growth, transitioning into a regulated financial institution in 2011. By the end of 2010, it served approximately 37,000 families with a portfolio of 30 million dollars. Banco D-MIRO focuses on individual micro-credit and savings, enabling clients to invest in their financial futures while contributing to social development. Its mission is to be a leading force in alleviating poverty in Ecuador, particularly in underserved areas.
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