Chilean bank pursues business opportunities in the low-income microenterprise market

Where others see obstacles, Chile’s Banco de Crédito e Inversiones (BCI) sees opportunities.

About 64 percent of Chile’s one million microenterprises, which account for 60 percent of the nation’s employment, lack access to banking services, a drawback for the country’s otherwise exemplary economic performance.

Banks are often reluctant to extend financial services to low-income entrepreneurs because of what they consider excessive risk, represented by the lack of a credit history for borrowers, their low incomes, and relatively low levels of education. This market is also associated with high service costs.


Further information


Partnership types

Doing business with the poor

Regions / countries / territories

Americas: Chile

Global issues

Financial accessibility and management; Trade and development

Business sectors