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    Small loans, big impact.

    The bank has operated its Prospera microloan program in Brazil since 2002. But last year it harnessed digital technology to dramatically speed up approvals, reducing the process from 10 days to 10 seconds. That enabled Prospera, which provides small low-interest loans to entrepreneurs (a quarter of whom live below the poverty line), to increase the number of business owners it supports by more than 50% in 2018; it’s on track to grow that number another 90% this year. So far, the nearly $2 billion it has extended in loans (ranging in size from as little as $25 to thousands of dollars) has gone to more than 700,000 entrepreneurs. There is evidence it’s making a difference, particularly in the most poverty-stricken areas: A study by Rever Consulting found that every Brazilian real granted via Prospera generated 4.5 times that amount in economic value.

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    Company Information

    Country
    Brazil
    Headquarters
    Sao Paulo
    Impact Segment
    Economic Opportunity/Financial Inclusion
    Sector
    Financials
    Industry
    Commercial Banks
    CEO
    Sergio Rial
    Websitehttp://www.santander.com.br
    Company Type
    Public
    Ticker
    BSBR
    Prior Year Rank-
    Revenues ($M) (Last Fiscal Year)$23,400
    Profits ($M) (Last Fiscal Year)$3,443
    Market Value ($M) as of 8/12/19$40,700
    Employees48,012

    Refinitiv Sustainable Leadership Monitor