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A bank hatches baby entrepreneurs.

The Chilean bank’s Nace program (Spanish for “born”) backs startups that could spur broader development in Chile. It has loaned $300 million to 13,000 entrepreneurs since 2006, creating an estimated 45,000 jobs.

The support doesn’t stop at funding. The bank now offers incubator-like services, including tutoring for entrepreneurs and business training programs designed in part to help startups avoid defaults. The initiative has also helped BCI grow its overall loan book: Nace loans grew 86% last year.

Company Information

Impact Segment
Economic Opportunity/Financial Inclusion
Sector
Financials
Industry
Banks
CEO
Eugenio Von Chrismar Carvajal
Websitehttp://www.bci.cl
Employees10,511
Company Type
Public
Revenues ($M) (Last Fiscal Year)$2,716
Profits ($M) (Last Fiscal Year)$507
Market Value ($M)$5,535