Chile

Overview

Chile has a robust and diverse national economy, but its benefits are far from equally distributed. The country has one of the highest levels of income inequality in the world, leading to social vulnerability.

TechnoServe is a leader in Chile’s entrepreneurship development sector. Since 2008, we have supported over 3,000 enterprising people across 8 regions of the country, helping them to develop business skills, build market linkages, and access funding. In 2017 alone, over 900 micro- and small business owners – 64 percent of whom are women – benefited from TechnoServe’s work, creating more than $7. million in increased financial wages and income. TechnoServe has developed strong relationships with public and private partners, working across various sectors – such as mining, energy, and banking – to generate shared value by strengthening entrepreneurship and employability skills, developing local procurement systems, and increasing financial inclusion.

On The Ground

Projects

 

Financial Inclusion for Small Business Owners

Impulsa Tu Empresa (ITE) Chile was the nation’s first successful financial inclusion intervention for low-income micro business owners. Funded by MetLife Foundation, the project helped micro business owners to improve their managerial skills through six months of business training, while also improving their understanding and use of financial services. In 2015, TechnoServe conducted a study based on interviews and data from ITE participants, compiling lessons learned and recommendations to inform the development sector and policy decision-making around small business development and financial inclusion. From 2014 to 2016, ITE Chile supported more than 700 micro business owners in Santiago and Valparaíso, helping them to increase their sales by an average of 50 percent and to improve their savings by 40 percent.

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Building Small Businesses in Concepción

In partnership with the National Service for Technical Cooperation of the Ministry of Economy (SERCOTEC), TechnoServe is implementing a program to support micro- and small-businesses with growth potential in Chile. The Business Development Center opened its doors in April 2017 and aims to support entrepreneurs from Concepción, Chile to implement sustainable business plans and improve their livelihoods. The Development Center provides individual business counseling, general and specialized training, applied and business-related research, and connections to financial institutions and the local market ecosystem. For more information visit www.centroschile.cl/centroconcepcion.

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Increasing Sales for Small and Growing Businesses

In 2011, TechnoServe began a partnership with Anglo American’s EMERGE program, which was launched in 2006 to accelerate of micro and small businesses in the communities surrounding Anglo American mining operations in Chile. The program helps local entrepreneurs to launch and grow profitable businesses by providing them with tailored business mentoring, one-on-one advisory support, online training, and access to finance. In 2016, the program began offering the opportunity for participating businesses to enter the supply chains of various large companies throughout the country, connecting them with a sustainable market for their goods and services. By providing these emerging business leaders with the financing, and managerial and business skills they need to succeed, the program has helped more than 1,300 businesses to increase their sales by a range of 30 percent to more than 100 percent to date.

Partners

Anglo American
 

Accelerating Business Growth in Patagonia

Potencia Patagonia is a business accelerator that helps entrepreneurs of the Los Lagos, Aysén, and Magallanes regions to grow their businesses. The program provides training and advisory services, and seed capital to entrepreneurs through its partnership with the Chilean Economic Development Agency (CORFO) and regional governments. To date, this initiative has accelerated more than 360 small and growing businesses within 6 years, supporting them to increase their sales by an average of more than 100 percent after 12 months. For more information, visit www.potenciapatagonia.cl.

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Blog Posts

August 16, 2018

“Never Say I Can’t”

After a devastating flood forced Daria Arabulo to start a new life in a different country, she launched her own business to provide for her family. Three years after participating in TechnoServe’s Impulsa tu Empresa program, her business continues to grow.

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November 13, 2017

Working for a Brighter Future: One Load at a Time

Jessica Vargas started Le Blanc laundry services with a single washer and dryer. Now, her business has more than doubled, providing key services and employment to her community.

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May 19, 2016

Cooking Up Change in Chile

Cesar and Priscilla Díaz have launched a successful catering business in a small town in Chile with the help of the EMERGE program, an Anglo American-TechnoServe collaboration.

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More Posts

Contact

TechnoServe Chile

Huelén 191, office D
Providencia 
Santiago de Chile

Tel: +56 2 237 88 417

Alan Garcia

Country Director
agarcia@tns.org

Resources