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 $300 million to 13,000 entrepreneurs since 2006, creating an estimated 45,000 jobs.
The support doesn’t stop at funding. The bank now offers incubator-like services, including tutoring for entrepreneurs and business training programs designed in part to help startups avoid defaults. The initiative has also helped BCI grow its overall loan book: Nace loans grew 86% last year.
Economic Opportunity/Financial Inclusion
Eugenio Von Chrismar Carvajal
|Revenues ($M) (Last Fiscal Year)||$2,716|
|Profits ($M) (Last Fiscal Year)||$507|
|Market Value ($M)||$5,535|