EQUITY GROUP FOUNDATION PARTNERS WITH MASTERCARD FOUNDATION ON COVID-19 RESPONSE IN KENYA

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.

Our Work

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.

26,304

Students Supported

By providing access to secondary and tertiary education, EGF to date has supported over twenty six thousand students at over 600 public secondary schools via its groundbreaking Wings to Fly program.

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64,299

Entrepreneurs Trained

Micro, Small and Medium Entrepreneurs (MSMEs) receive mentorship and entrepreneurship training, providing access to financial services to low income entrepreneurs.

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638,522

Farmers Supported

To date EGF’s agriculture program has supported 638,522 small-scale peasant farmers transforming them into agribusiness entrepreneurs, increasing their production, business and technology capabilities.

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77,117

Households Impacted

EGF addresses the challenges faced in developing nations by increasing awareness of the benefits of clean energy for cooking and lighting. EGF has impacted 77,117 households with an estimated 300,000 individuals benefiting from such clean energy products.

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22

Clinics Opened

EGF increased access to high quality health services including financing and options for poor and middle income families. EGF has seen a total of 191,764 patients being served since inception as out-patient care.

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Recent stories

Equity Group Foundation Partners With Mastercard Foundation on Covid-19 Response in Kenya

Equity Group Foundation Partners With Mastercard Foundation on Covid-19 Response in Kenya

Equity Group Foundation, with support from Equity Bank, Mastercard Foundation, and the family of Dr. James Mwangi is committing Ksh 1.1 billion to support COVID-19 Response in Kenya.
The commitment includes a Ksh 300 million contribution from Equity Bank, a Ksh 500 million from the Mastercard Foundation, and a Ksh 300 million contribution from the family of Dr. James Mwangi, Equity Group Holdings Managing Director and CEO. The funds will go towards the purchase of Personal Protective Equipment (PPE) for frontline medical personnel dealing with COVID-19 patients in public hospitals in Kenya. Click here to find out more on this

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Young Africa Works Kenya

Our partnership with MasterCard Foundation (MCF) demonstrates how Equity Bank and Equity Group Foundation (EGF) work successfully in tandem to deliver social impact programs using the bank’s financial muscle. It underscores the foundation’s ability to provide services using the operational infrastructure of the bank itself. The partnership goal is to make sure 50 million young Africans have meaningful and decent work by 2050 by empowering entrepreneurship and removing barriers for them to fund their businesses.

Find out more https://equitygroupfoundation.com/young-africa-works/

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Young Africa Works Kenya

Impact Stories

David Okinyi

Business Owner

David Okinyi, 23, is from Migori, Kenya. He started with Equity Group Foundation’s programs at 18 years old in the `Wings to Fly’ Program with MasterCard Foundation. David graduated on 6th May 2019 with a BSc in Economics and a B.A in Business (Global Politics) and will pursue his Master’s in Finance at Arizona State University,USA.

 

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Wayne Gakuo

Software Engineer

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.

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Tharaka-Nithi

Agri-business Man

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.

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Molo

Agri-business Man

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.

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Our partners

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.