Equity Bank Group- Corporate Philosophies & Alignment to UNHCR Mission and Vision For
Africa
Purpose
We exist to transform the lives and livelihoods of our people socially and economically by availing to them modern, inclusive financial services that maximize their opportunities.
Vision
To be the champion of the socio-economic prosperity of the people of Africa.
Mission StatementWe offer inclusive, customer-focused financial services that socially and economically empower our
clients and other stakeholders.
Positioning StatementYour listening, caring partner
MottoGrowing together in trust.
Values
o Professionalism
o Integrity
o Creativity & Innovation
o Teamwork
o Unity of purpose
o Respect & Dignity for customers
o Effective Corporate Governance
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Equity Bank Group - Current Status, Balance Sheet, Socially
Responsible Investors (SRIs) and High Corporate
Governance NSE Publicly Listed/ Cross Listed at USE at RSE
• 10 million customers – 6 countries
• Asset Base ~ USD 4.5 Billion
• Loans ~ USD 2.75 Billion
• Deposits ~ USD 3 Billion
• Market Capitalization ~ USD 1.66 Billion
• Profit Before Tax ~ USD 73 Million
Ownership
Over 30,000 shareholders
Strategic Investors
• Norfininvest AS
• Genesis
• Helios EB investors L.P.
• NSSF- Uganda
• NSSF - Kenya
• British – American Investments Company
(Kenya) Limited
• Equity Bank ESOP (Employees)
Regional presence
Kenya, Rwanda, Tanzania, Uganda, South
Sudan & DRC
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Our Presence in Africa
Equity Bank is one of the largest financial services providers in Africa. Our overarching
objective is to grow the member base to over 100 million customers, in 15 countries
across the continent.
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Equity Group Social Sustainability Pillars
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Equity Supports Sustainable Development Goals
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Through The Foundation That Complements AWF Work
Monitoring and evaluation
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Education and Leadership
Develop-ment
Agriculture
Innovation andEntrepreneurs
hip
Health
Financial Literacy
Financial Inclusion
Environment
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▪ Equity Afia
▪ Cash transfers
▪ Fanikisha
▪ Fanikisha+ (Tanzania)
▪ Forest restoration
▪ Energy program
▪ Financial Knowledge for Africa training Programme
▪ Entrepreneurship training program
▪ Transforming smallholder farmers
▪ Scaling up medium size farms
▪ Wings to Fly
▪ Equity African Leaders Programme
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Equity Group Foundation- Driving Economic and
Social Brand
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Equity Bank Social payments Experience
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Equity work with Humanitarian Agencies
Over 70,000 smallholder farmers have access USD 60M
Current programme with 40,000 farmers under input subsidy via e-voucher solution
and targeting 100,000 farmers
Voucher Payments for millers at Maban Refugee Camp – South Sudan
Cash for Asset Project
Purchase for Progress (P4P) project- Smallholder farmers loans
Humanitarian food aid- 100,000 beneficiaries - Paid more than 30M USD
Fresh food vouchers project Daadab
Cashlite pilot project in Northern Kenya
Sustainable Livelihood Development in the Mau Complex- Targeted 700 farmers
provided financial literacy and access to credit.
Payments of 2.32M USD- 15,000 households with vulnerable children- Northern
Kenya
Developing Fanikisha programme for supporting access to credit to women-
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Equity Bank South Sudan Cash Transfer/ Cash
drop (WFP) March- Nov 2013
Number of Beneficiaries About 125000
Areas covered by Program Yida
Amount of Cash Transfer USD 184,615 twice per month for 9 months
Total Amount transferred USD 3,323,070
Model Agency Model- Through local money transfer agents
Key Recommendation No. 1 – Capitalize Private Sector’s Expertise in Delivering Payments
Strong Public Private Partnership- PPP- Equity Bank South Sudan /MasterCard (WFP) to Scale social payments
innovation
Key Recommendation No. 2 – Where Possible Deliver Cash Digitally and in a Manner that Deepens Financial Inclusion
Bank accounts & biometric prepaid cards holds digital cash
Agency model and branches are Sustainable Rural Financial System Infrastructure supporting local cash economy
Agency Model- using local money transfer Agents
Key Recommendation No. 3 – Improve Aid Agencies Data Security, Privacy Systems and Compliance with Financial Regulations
Security - Card system is EMV - Europay Visa - Compliant and Equity Autobranch
Strong KYC- Know your customer- manage AML/ fraud
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Model
Bio-metric authentication, with a smartcard & photograph. Agency Model across Northern Kenya Installation of solar equipment to support POS equipment
Partnerships Strong Public Private Partnership- PPP- Equity Bank / DFID /GoK/ MasterCard to Scale Social Payments Innovation
Mode of Delivery
Bank Accounts & Biometric PrePaid Cards Holds Digital Cash Agency Model and Branches are Sustainable Rural Financial System
Infrastructure Supporting Local Cash Economy Agency Model- Shared Prosperity Growing Local Entrepreneurs Build ‘’Last Mile’’ for National Payments System
Compliance with Regulation
Security - Card System is EMV- Europay MasterCard and Visa-Compliant
Beneficiary Data Confidentiality per CBK Prudential Regulations Strong KYC- Know Your Customer- Manage AML/ Fraud
Hunger Safety Net Program- HSNP
Phase I (2009-2013)
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Number of Beneficiaries households 68,624 households or 420,000 individualsAreas covered by Program Turkana, Mandera, Marsabit, Wajir
Amount of Cash Transfer Year 1: 2009 Amount KES 2,150.00 Year 2: 2010 Amount KES 3,000.00 Year 3: 2011 Amount KES 3,500.00 Year 4-5:2012/13 Amount KES 4,600.00
Total HSNP I (including 2 bonus cycles paid to 50,000 exiting beneficiary households) KES 4.79 Billion
Number of Beneficiaries households100,000 households on regular cash transfer
270,000 households on emergency interventionAreas covered by Program Turkana, Mandera, Marsabit, Wajir
Amount of Cash Transfer Per Year
Year 1: 2014 Amount KES 4,600.00 Year 2: 2015 Amount KES 4,900.00 Year 3: 2016 Amount KES 5,100.00 Year 4: 2017 Amount KES 5,400.00
Total Cash Transfer ValueProgram Budget KES 15.46 BillionPaid to date KES 10 Billion
Hunger Safety Net Program- HSNP Phase 2 (2014-2017)
Hunger Safety Net Program HSNP
Phase I (2009-2013)
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Number of Beneficiaries
households
57,246 households or 343,476 individuals
Areas covered by Program 20% of Kenyan District
Amount of Cash Transfer KES 4,000.00
Total value CT-OVC KES 3.003 Billion
Partnerships Strong Public Private Partnership- PPP- Equity Bank / UNICEF/ World Bank
/GoK/ MasterCard to Scale Social Payments Innovation
Mode of Delivery
Biometric PrePaid Cards Holds Digital Cash
Agency Model and Branches are Sustainable Rural Financial System
Infrastructure Supporting Local Cash Economy
Agency Model- Shared Prosperity Growing Local Entrepreneurs
Compliance to Regulation
Security - Card System is EMV- Europay MasterCard and Visa- Compliant
Beneficiaty Data Confidentiality per CBK Prudential Regulations
Strong KYC- Know Your Customer- Manage AML/ Fraud
Orphans & Vulnerable Children (CT-OVC)
(2012 – 2017)
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Number of Beneficiaries households 40,000 farmers
Areas covered by Program a) Western Kenya and the Rift Valley: Bungoma, Kakamega, Nakuru, Nandi and Trans Nzoia.
b) Eastern Kenya: Embu, Kitui and Tharaka
Key Recommendation No. 6 – Capitalize Private Sector’s Expertise in Delivering
Payments
Strong Public Private Partnership- PPP- Equity Bank / IFAD/ EU to Scale Agriculture Subsidy Innovations
Key Recommendation No. 7 – Where Possible Deliver Cash Digitally and in a
Manner that Deepens Financial Inclusion
Account based cash transfer Debit card with wallets Agrodealers to issues subsidy including seeds, fertiliser Access to credit for all the 40,000 farmers
Key Recommendation No. 8 – Improve
Aid Agencies Data Security, Privacy Systems and Compliance with Financial Regulations
Security - Card System is EMV- Europay MasterCard and Visa- Compliant
Beneficiaty Data Confidentiality per CBK Prudential
Regulations Strong KYC- Know Your Customer- Manage AML/ Fraud
KCEP (Kenya Cereal Enhancement Programme)
2015 - 2018
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Equity Bank Rwanda Cash transfer - 2016
Number of Beneficiaries About 13,496
Areas covered by Program Gihembe , Nyabiheke and Kigembe
Amount of Cash Transfer RFW 6,300 per household for 9 months
Total Amount transferred RFW 3.6 Million
Model
Bank Accounts & Biometric Debit Cards Holds Digital Cash Agency Model and Branches are Sustainable Rural Financial
System Infrastructure Supporting Local Cash Economy Agency Model- Shared Prosperity Growing Local Entrepreneurs
Key Recommendation No. 1 –Capitalize Private Sector’s Expertise in Delivering Payments
Strong Public Private Partnership- PPP- Equity Bank Rwanda /MasterCard (WFP) to Scale social payments innovation
Compliance with Regulation. Security - Card System is EMV- Europay MasterCard and Visa-Compliant
Beneficiary Data Confidentiality per CBK Prudential Regulations Strong KYC- Know Your Customer- Manage AML/ Fraud
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Smart Card : Multi Wallet – Multi Programme
Bio Data
Bank Account
Health Care
Food Ration
Water
Education
NutritionSeeds/Fertilizer
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Gihembe Camp
Location:
Gihembe refugee camp is located in
Byumba town, Kageyo Sector of
Gicumbi District in Northern
Province, 60 km north from Kigali
City. This camp was established in
December 1997 to host Congolese
refugees Eastern DRC.
Currently, the camp is built on 40-
hectares land with 3,055 households
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Nyabiheke Camp
Location:
Nyabiheke is located in Gatsibo district
in the Eastern Province,Nyabiheke
was established in April 2005
when 4,500 Congolese from North
Kivu. Another outbreak of fighting in
North Kivu in 2007 led to a second
wave of 3600 Congolese out of DRC
into Nyabiheke.
The population is currently estimated
to be 2,790 households.
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Kigeme Camp
Location:
Kigeme refugee camp is located in Nyamagabe
district of the southern province, about 150 Km from
Kigali. to host refugees.
That camp originally hosted some 2,100 Burundian
refugees until May 2009 and in June 2012 it was re-
opened and expanded in order to host thousands of
refugees who fled fierce fighting between FARDC
soldiers and the M23 who were temporally received
in Nkamira transit center in Rubavu near the borders
of Rwanda-Goma. Kigeme camp is extended on two-
hills (site A&B) of 34 hectares divided by the main
road to Kigali.
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Equity Bank Social Payments Beneficiaries’ Success Story
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Cash Transfers helped widow Rosemary Fend for her 10
children.
Rosemary Eligoi, looks much older than her 37
years. Although she has nine children and is now
expecting her tenth, this has not dampened her
future. She is facing life stoically, thanks to the
Hunger Safety Net Program that has given her a
glimmer of hope. Rosemary knows first hand the
benefits of the HSNP. In 2011, she joined Phase I,
exactly two years after its inauguration.
She describes those times as tough. Her husband
who was the family’s bread winner had passed
away. Death of her husband, a respected
assistant chief then, plunged the family into a
period of difficulty. From being provided for,
they faced a life of lacking almost all the basic
necessities of life.
“ Life for me and my children looked bleak. But with cash transfers from the HSNP, I am
grateful that the support helped my children not to drop out of school,” she proudly
says.
During the challenging period after demise of her husband, she trekked long distances,
risking attack and sexual assault from ruthless bandits in search of firewood.
“ HSNP is a great initiative. In Phase 1, I received 3,500 shillings every two months for six
months,” she says her face beaming with genuine happiness.
She says that without the cash transfers, she is convinced she would have died and not
be alive today to share her success story.
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EA HPPP ( East Africa - Humanitarian Private Sector
Partnership Platform)
Equity Bank as the Chair of the EA HPPP works with OCHA, UNISDR and UNDP in
launching the Connecting Business initiative. The aim is to: Establish and strengthen private-
sector led networks at the sub-national, national and regional levels for disaster risk
reduction, emergency preparedness, response and recovery. And to create a global
coordination mechanism to share best practice and connect business networks to one
another.
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Allan M. Waititu, Equity Bank,
Director- Special Projects,
Email [email protected]
Equity Bank,
Equity Centre,
Hospital Road, Upper Hill
Po Box 75104-00200, Nairobi , Kenya
Website: www.equitybankgroup.com