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$500,000.00 (Project budget includes all project-funded activities)
Last Updated Date
Jul 2, 2018
Project Estimated End Date
Jul 31, 2014
Project Description
The project aims to strengthen Equity Bank's Risk Management framework with a particular focus on managing credit risk. The project will initially be implemented in Kenya but support will extend to subsidiaries in Uganda, Tanzania, South Sudan and Rwanda.
Development Results
The project has high potential development impact given that Equity Bank has the highest number of accounts in Kenya currently estimated at over 5 million. The Banks current Micro, Small and Medium sized Enterprise (MSME) portfolio makes it a market leader in a competitive market and it is recognised for its willingness to taking on more risk. This intervention is designed to strengthen Equity Bank's Risk Management framework with a particular focus on managing credit risk. Given Equity Banks strategic focus and leadership role in SME Banking it can be replicated in Uganda, Tanzania, Rwanda and South Sudan.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
36
Number of participants providing feedback on satisfaction
Not Available
30
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
4
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance standards.
IFC advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as final decision maker, in gaining a good understanding of IFC's Performance Standards and will provide
recommendations for appropriate mitigation measures whenever warranted.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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