Equity Group Foundation is a non-profit implementing foundation set up in 2008 as the social arm of Equity Group Holdings with the aim of transforming the lives and livelihoods of our people socially and economically by availing modern, inclusive financial services that maximize their opportunities.
Through financial and technological innovations, we support Africans by providing the finest education and career opportunities. We offer those looking for growth opportunities, such as the youth, women and entrepreneurs, a powerful methodology that sources the finest talent and intellectual capital and leverages Equity Group’s vast infrastructure and network.
EGF, utilizing the Equity Group payment system, continues to provide Cash Transfer Programs while at the same time leveraging on innovative delivery models that co-create enrolment and payment solutions for Elderly Persons, Orphans, Persons with Severe Disabilities, Persons living in Arid and Semi-Arid Lands (ASALs), Internally Displaced Persons, Refugees and other Vulnerable Persons.
In partnership with Governments, Humanitarian and Development agencies, the Foundation transforms lives and livelihoods by providing inclusive financial services to thousands of marginalized and vulnerable households living in Kenya, Uganda, Rwanda and South Sudan through these strategic initiatives.
Read MoreBy providing access to secondary and tertiary education, EGF to date has supported over twenty six thousand students at over 700 public secondary schools via its groundbreaking Wings to Fly program.
Read MoreMicro, Small and Medium Entrepreneurs (MSMEs) receive mentorship and entrepreneurship training, providing access to financial services to low income entrepreneurs.
Read MoreTo date EGF’s agriculture program has supported small-scale peasant farmers transforming them into agribusiness entrepreneurs, increasing their production, business and technology capabilities.
Read MoreEGF addresses the challenges faced in developing nations by increasing awareness of the benefits of clean energy for cooking and lighting. EGF has distributed 218,581 energy products benefitting an estimated 874,000 individuals.
Read MoreEGF increased access to high quality health services including financing and options for poor and middle income families. EGF has seen a total of 126,503 patients being served since inception as out-patient care.
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Nairobi, Kenya: September 9, 2020 – Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings Plc and Executive Chairman Equity Group Foundation was today honored with the prestigious 2020 Oslo Business for Peace Award which is also described as the “Nobel Prize for Business.”Honourees are chosen by a prestigious Award Committee consisting of past Nobel Prize winners in Peace and Economics. Current committee members are: Ouided Bouchamaoui (Tunisia), Leymah Gbowee (Liberia), Finn Kydland (Norway), and Eric Maskin (USA).
The Award is conferred annually to exceptional individuals who exemplify their outstanding `business worthy’ initiatives ethically by creating economic and societal value.
Nairobi, 31st August 2020…92 scholars from the Equity Leadership Program (ELP) comprising of Wings to Fly alumni beneficiaries as well as those who topped the 2019 Kenya Certificate of Secondary Education examination in their respective sub counties have received admission to 43 global universities. The forty- three (43) institutions are across five continents in different countries including the United States, Canada, Germany, Hungary, Turkey, Costa Rica, the United Kingdom, United Arab Emirates, Ghana, Mauritius, Rwanda and South Africa.
With this year’s admission the largest single-year cohort, the total number of scholars who have so far gained admission to global universities under the Equity Leaders Program is 633.
Wayne, from Mombasa, Kenya, joined the Wings to Fly program at 16. His father passed away in 2010, leaving his family in financial difficulty. “My greatest challenge was overcoming the fear of failure.” he said. Now with a Bachelor’s Degree in Computer Science from Ashesi University, he seeks to empower other Kenyan youth with Software Development skills.
Kinyua, aged 23, completed college and due to unemployment ventured into agribusiness, buying sorghum from farmers and selling it in bulk. His greatest challenge had been lack of knowledge on which financial institution to partner with so as to access financial services and expand his business. Through the FASRAT project Kinyua received financial education,accessed two loans which have expanded his business. Through Equity Bank’s mobile MVNO, and Equitel.
Mr. Josiah, a retired teacher from Molo, does farming, but due to climate change and limited access to financial support business dwindled. Through FASRAT project Josiah received agribusiness and financial education. With the bank he managed to get a loan and installed a drip irrigation system & used rain harvested water to irrigate his crops. The 2019 rain delay didn’t affect his business. He is now generating a revenue of Ksh300, 000 per acre and makes KSh 5,000 for his potatoes during low season.
The Equity Group Foundation is a catalyst that drives long-term partnerships to create shared value for our communities.
“The Foundation’s programs promote financial inclusion and advance youth learning, mostly in Africa.”
“On behalf of the German Federal Ministry for Economic Cooperation and Development, KfW is sponsoring 349 Wings to Fly scholars of the 2013 intake and 609 Wings to Fly scholars of the 2015 intake.”
Norad (Norwegian Agency for Development Cooperation) is a directorate under the Norwegian Ministry of Foreign Affairs, whose main purpose is to ensure that Norwegian development aid funds are spent in the best possible way. Norad also provides grants to organizations that carry out projects in less fortunate countries.
“USAID is advancing U.S. foreign policy objectives by supporting economic growth, agriculture, trade, global health, democracy and conflict mitigation and management, and humanitarian assistance.”
“In 2011, DFID partnered with EGF to support a class of 600 students – 400 girls and 200 boys – with direct financial support for comprehensive Wings to Fly scholarships as well as leadership and mentorship development for an additional 572 girls.”
Young Africa Works Kenya; a partnership between Equity Group Foundation and Mastercard Foundation, with support from the Government of Kenya seeks to deepen the social impact in the community by laying the foundation for gainful employment through training and funding for over 600,000 entrepreneurs.