Financial Inclusion for Small Business Owners

Impulsa Tu Empresa (ITE) is the first successful financial inclusion intervention for low-income micro business owners in Chile. Funded by Metlife, the project is working to help micro business owners to improve their managerial practices as well as their understanding and adoption of financial services that can help to improve their enterprises and quality of life. Each cohort of the program has shown a 50 percent average increase in sales after 6 months, as well as a more than 40 percent improvement in their savings. Since its launch in 2014, ITE has supported more than 700 micro business owners in Santiago and Valparaíso.