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 $300 million to 13,000 entrepreneurs since 2006, creating an estimated 45,000 jobs.
The support doesn’t stop at funding. The bank now offers incubator-like services, including tutoring for entrepreneurs and business training programs designed in part to help startups avoid defaults. The initiative has also helped BCI grow its overall loan book: Nace loans grew 86% last year.
Company Information
| Impact Segment | Economic Opportunity/Financial Inclusion |
| Sector | Financials |
| Industry | Banks |
| CEO | Eugenio Von Chrismar Carvajal |
| Website | http://www.bci.cl |
| Employees | 10,511 |
| Company Type | Public |
| Revenues ($M) (Last Fiscal Year) | $2,716 |
| Profits ($M) (Last Fiscal Year) | $507 |
| Market Value ($M) | $5,535 |