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 Nicaragua

Fondo de Desarrollo Local

Debt Financing in 2021
Financiera Fondo de Desarrollo Local, S.A. is a regulated microfinance institution headquartered in Managua, Nicaragua. Established in 1992, the company specializes in providing banking products and services tailored to individuals and solidarity groups in both rural and urban areas. Its offerings include micro loans designed for various purposes, such as working capital, seasonal sales, equipment purchases, personal expenses, and housing improvements for small and medium-sized enterprises. Additionally, the company extends loans for agricultural and livestock ventures, as well as individual loans for personal needs, vehicle purchases, and home acquisitions. Fondo de Desarrollo Local also emphasizes support for women entrepreneurs through its short-term lending and microcredit services. To complement its financial solutions, the company provides micro insurance products, including family safety, income protection, and other insurance options.

Fondo de Desarrollo Local

Debt Financing in 2017
Financiera Fondo de Desarrollo Local, S.A. is a regulated microfinance institution headquartered in Managua, Nicaragua. Established in 1992, the company specializes in providing banking products and services tailored to individuals and solidarity groups in both rural and urban areas. Its offerings include micro loans designed for various purposes, such as working capital, seasonal sales, equipment purchases, personal expenses, and housing improvements for small and medium-sized enterprises. Additionally, the company extends loans for agricultural and livestock ventures, as well as individual loans for personal needs, vehicle purchases, and home acquisitions. Fondo de Desarrollo Local also emphasizes support for women entrepreneurs through its short-term lending and microcredit services. To complement its financial solutions, the company provides micro insurance products, including family safety, income protection, and other insurance options.
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