News

  • Microfinance: US$9 million for FUNDESER, Nicaragua

  • 24.07.2013
  • Fundeser receives US$9 million more to support the micro, small and medium sized urban and rural enterprises of Nicaragua. The lenders are BIO and Incofin (Belgium), ResponsAbility and Symbiotics (Switzerland), Cordaid and Oikocredit (Netherland), Conective Capital (Germany) and LMDF/ADA (Luxemburg).

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  • USD 60.5 million syndicated loan for PRASAC, Cambodia

  • 10.07.2013
  • PRASAC, the leading microfinance institution in Cambodia, entered the syndicated loan market with a USD 60.5 million facility to expand the market with new services. BIO is one of the lenders (USD 7.5 million) of this syndicated loan organized by the Dutch Entrepreneurial Development Bank (FMO). The transaction is the largest syndicated loan ever made in the microfinance sector worldwide.

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  • Evaluation de BIO

  • 07.05.2013
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    BIO a fait l’objet d’une évaluation externe fin 2012, par Le Service de l’Evaluateur Spécial, institué au sein du SPF Affaires étrangères, Commerce extérieur et Coopération au Développement. Le Rapport publié en janvier 2013 reconnaît le rôle fondamental joué par BIO et confirme que l’institution est un instrument adéquat pour soutenir durablement le secteur privé dans les pays en développement. Le rapport peut être téléchargé ici.

  • Contributing to Creating More and Better Jobs

  • 15.01.2013
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    A group of International and Development Finance Institutions met today on the occasion of the IFC Jobs Conference. Jobs are central to the global development agenda. At today’s conference, we deepened our understanding of the magnitude and urgency of creating more and better jobs in the countries we support, now and in the near future. Through this statement, we today take the opportunity to share our renewed commitment to do all we can to help address this critical issue. Recently at the International Monetary Fund and World Bank Group’s Annual Meetings 2012 and in the 2013 World Development Report on Jobs, the international development community highlighted the issue. Over 200 million people are currently unemployed, most of them young people. To keep up with population growth, 600 million jobs have to be added by 2020.

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  • Transformer les eaux usées en énergie propre

  • 07.12.2012
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    Réduction des émissions de gaz et amélioration du niveau de vie de la population

    BIO a signé une convention de crédit d’un montant d’EUR 1,37 million avec Thai Biogas Energy Co Ltd (TBEC), dans le but de financer la toute première installation de biogaz au Laos. Les eaux usées de Lao Indochina Group Co Ltd (LIG), producteur de tapioca obtenu à partir de racines de manioc achetées principalement à des petits producteurs, seront transformées en gaz. Le charbon utilisé actuellement par l’entreprise sera ainsi remplacé par une énergie propre et bon marché. Cette installation permettra à LIG de consolider sa fonction essentielle de transformateur pour la communauté de petits producteurs du pays, tout en réduisant ses émissions de gaz à effet de serre. Elle contribuera également à éliminer les odeurs nauséabondes en augmentant la capacité des réservoirs de traitement des eaux usées, et intègrera la production d’un fertilisant naturel à partir des résidus de boue. Ce projet innovant améliorera les conditions de vie de la population et augmentera les revenus des petits producteurs et des travailleurs de l’usine.

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  • BIO to support Bolivian microfinance institution CIDRE

  • 27.11.2012
  • BIO and CIDRE have agreed upon a Credit Facility Agreement amounting to USD 1.5 million. With the provision of this loan, BIO will enable a rural microfinance institution in Bolivia to expand its operations and reinforce its support to micro- and small enterprises. It will improve access to finance for unbanked rural entrepreneurs, while stimulating economic growth and generating jobs.

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  • PRASAC builds libraries for primary schools

  • 01.10.2012
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    Improving education and literacy of young students

    In order to achieve the Cambodia Millennium Development Goals (CMDG) by 2015, the Cambodian Government has put Education Development high on its agenda. That is why the “Education For All” program has been initiated to ensure that all Cambodian students complete Primary School at the least and further enroll in the 9 years program. PRASAC has launched a project called “Library Project” in 2011 to support the government’s policy in this respect. The project has been set up in cooperation with Room to Read, an organization dedicated to promoting and enabling education through programs focused on literacy and gender equality in education. The project aims to building libraries for primary schools. The first library was officially opened at the end of 2011 in the Pongror Leu primary school in Chek Commune, Chikreng District, SiemReap province. In 2012, PRASAC plans to build two new fully-equipped library facilities in two provinces, Kg Thom and Kg Cham. Moreover PRASAC will offer scholarship for outstanding students on both local and national level. About PRASAC PRASAC, the largest microfinance institution in Cambodia, with 158 offices nationwide, has boosted its operations to help the Cambodian people improving their living standards through the provision of loans, savings, local money transfer, and local money exchange. In addition, PRASAC is the first microfinance institution in Cambodia to launch ATM services. As of July 2012, PRASAC provided loans to 121,531 active borrowers with a loan portfolio worth more than USD 172 million. PRASAC has 79,320 depositors representing more than USD 22.5 million of savings.