Marie Michael Library

Commercialization of microfinance: case of Multi Credit Bank, Panama

Poyo, Jeffrey; Young, Robin

Multi Credit Bank is a commercial bank in Panama that began as a corporate bank with most of its operations in the commercial trading sector, specifically among large commercial firms. Soon after it opened, the bank launched its microenterprise program. As a result of significant changes within the Panamanian banking environment, this market segment has become an important strategic sector for future growth and development. As a commercial banking institution, Multi Credit Bank has a unique opportunity to cross-sell its other banking products to satisfy diverse client needs.