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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
Sep 5, 2021
Project Estimated Start Date
Dec 1, 2018
Project Estimated End Date
Aug 31, 2020
Project Description
This is a banking advisory services project with Equity Bank Kenya Ltd and is designed to increase Equity Bank efficiency to serve its SME customers. The IFC Advisory Service will assist the Bank design and deliver an efficient SME business model, improve SME credit related processes and train staff to effectively serve the targeted SME segments
Development Results
This advisory project would enable Equity Bank to strengthen its SME banking capabilities. The project has high potential development impact given that the institution is already the country's leading SME bank, with the segment comprising close to 60% of the Bank's loan portfolio (the Bank's overall customer base in Kenya is 10 million). Equity Bank is well placed to deliver additional products and services to its SME customers given its country-wide coverage through a network of 177 branches and over 32,000 agents, and its innovative digital channels
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of new financial products designed
Not Available
Not Available
Number of participants providing feedback on satisfaction
Not Available
18
Number of participants reporting satisfied or very satisfied with workshops, trainings, seminars, conferences, etc.
Not Available
12
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
Not Available
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
55
Number of new financial products launched
Not Available
0
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
11
28
Value of financing facilitated (US$)
Not Available
100,000,000
E&S Risks / Impacts and Mitigation
Performance Standard
Description & Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
The principles of the relevant Performance Standards have been applied to the project design. Environmental and social risks will continue to be reviewed throughout the life-cycle of the project.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
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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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