Through financing, training and counseling, MultiCredit aims to help the owners of microbusinesses increase their income, improving their family's standard of living. MultiCredit Bank is a locally-owned, regulated commercial bank. The program consists of 8 branches, located throughout the country. MultiCredit Bank began microlending operations in April 1991 to fulfill its social mission, helping micro and small business owners better their lives by stabilizing and growing their enterprises.
Clients receive larger loans as their businesses grow.
Since its establishment in 1991, MultiCredit's microfinance division has worked mainly with its own capital, with outside funds coming predominantly from the Inter-American Development Bank, and the World Bank. Instead of lecturing borrowers, these programs incorporate the experience and feedback of participants within the class curriculum. Branch offices in V a Espa a, Los Pueblos, San Miguelito, La Chorrera, Chitr , Santiago, Changuinola and David.