Equity Bank II (IFC-38419)

  • Kenya
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 11, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 14, 2017

Disclosed by Bank Jun 9, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The proposed engagement with Equity Bank Kenya Limited (8220;EBKL 8221; or “the Bank 8221;) is aligned to IFC8217;s strategy for the African financial sector. The Project consists of a US$100 million senior loan to EBKL, to help the Bank grow its lending to Small and Medium Enterprises (8220;SME8221;), women entrepreneurs and to support continued diversification of funding sources especially with regard to lengthening the maturity profile of funding. EBKL is a commercial bank providing inclusive financial services with a specific focus on the underserved populations in Kenya. Equity Group also serves Uganda, South Sudan, Rwanda, Tanzania, and the DRC, with a total customer base of 10.3 million majority of them small savers and an asset base of over US$ 4 billion as of March 31, 2016. In addition to traditional outlets the bank has rolled out multiple delivery channels including digital and mobile banking services, ATMs, agency banking, cash back services and POS to increase access to financial services. The ongoing digitization of banking services which has reduced foot traffic in the branches and allowed branch managers to focus on SME business growth.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Equity Centre Hospital Road, Upper Hill P.O. Box 75104-0020 Nairobi, Kenya Tel: +254 763 26000 Fax: +254 20 2737276 Email: mailto:mary.wangari@equitybank.co.ke http://www.equitybank.co.ke/ ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works