Equity Bank Group- Corporate Philosophies & Alignment to UNHCR Mission and Vision for Africa
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Equity Bank Group- Corporate Philosophies & Alignment to UNHCR Mission and Vision For Africa Purpose We exist to transform the lives and livelihoods of our people socially and economically by availing to them modern, inclusive financial services that maximize their opportunities. Vision To be the champion of the socio-economic prosperity of the people of Africa. Mission Statement We offer inclusive, customer-focused financial services that socially and economically empower our clients and other stakeholders. Values o Professionalism o Integrity o Creativity & Innovation o Teamwork o Unity of purpose o Respect & Dignity for customers o Effective Corporate Governance Positioning Statement Your listening, caring partner Motto Growing together in trust. Equity Bank Group - Current Status, Balance Sheet, Socially Responsible Investors (SRIs) and High Corporate Governance NSE Publicly Listed/ Cross Listed at USE at RSE • 10 million customers – 6 countries • Asset Base ~ USD 4.5 Billion • Loans ~ USD 2.75 Billion • Deposits ~ USD 3 Billion • Market Capitalization ~ USD 1.66 Billion • Profit Before Tax ~ USD 73 Million Ownership Over 30,000 shareholders Strategic Investors • Norfininvest AS • Genesis • Helios EB investors L.P. • NSSF- Uganda • NSSF - Kenya • British – American Investments Company (Kenya) Limited • Equity Bank ESOP (Employees) Regional presence Kenya, Rwanda, Tanzania, Uganda, South Sudan & DRC 3 Our Presence in Africa Equity Bank is one of the largest financial services providers in Africa. Our overarching objective is to grow the member base to over 100 million customers, in 15 countries across the continent. 4 Equity Group Social Sustainability Pillars 5 Equity Supports Sustainable Development Goals 6 Equity Group Foundation- Driving Economic and Through The Foundation That Complements AWF Work Social Brand 1 ▪ Cash transfers ▪ Wings to Fly 7 Education and ▪ Fanikisha Leadership ▪ Equity African Leaders ▪ Fanikisha+ (Tanzania) Financial Develop-ment Programme Inclusion 2 ▪ Transforming 6 smallholder farmers ▪ Forest Agriculture restoration Environment ▪ Scaling up Monitoring and medium size ▪ Energy program evaluation farms ▪ Financial Knowledge Financial Innovation and for Africa training Literacy Entrepreneurs ▪ Entrepreneurship hip training program Programme 5 Health 3 ▪ Equity Afia 4 20 7 Equity Bank Social payments Experience 8 Equity work with Humanitarian Agencies Over 70,000 smallholder farmers have access USD 60M Current programme with 40,000 farmers under input subsidy via e-voucher solution and targeting 100,000 farmers Voucher Payments for millers at Maban Refugee Camp – South Sudan Cash for Asset Project Purchase for Progress (P4P) project- Smallholder farmers loans Humanitarian food aid- 100,000 beneficiaries - Paid more than 30M USD Fresh food vouchers project Daadab Cashlite pilot project in Northern Kenya Sustainable Livelihood Development in the Mau Complex- Targeted 700 farmers provided financial literacy and access to credit. Payments of 2.32M USD- 15,000 households with vulnerable children- Northern Kenya Developing Fanikisha programme for supporting access to credit to women- 9 Equity Bank South Sudan Cash Transfer/ Cash drop (WFP) March- Nov 2013 Number of Beneficiaries About 125000 Areas covered by Program Yida Amount of Cash Transfer USD 184,615 twice per month for 9 months Total Amount transferred USD 3,323,070 Model Agency Model- Through local money transfer agents Key Recommendation No. 1 – Capitalize Strong Public Private Partnership- PPP- Equity Bank South Private Sector’s Expertise in Delivering Sudan /MasterCard (WFP) to Scale social payments Payments innovation Bank accounts & biometric prepaid cards holds digital cash Key Recommendation No. 2 – Where Agency model and branches are Sustainable Rural Possible Deliver Cash Digitally and in a Financial System Infrastructure supporting local cash Manner that Deepens Financial Inclusion economy Agency Model- using local money transfer Agents Security - Card system is EMV - Europay Visa - Compliant Key Recommendation No. 3 – Improve and Equity Autobranch Aid Agencies Data Security, Privacy Strong KYC- Know your customer- manage AML/ fraud Systems and Compliance with Financial Regulations 10 Hunger Safety Net Program- HSNP Phase I (2009-2013) Bio-metric authentication, with a smartcard & photograph. Model Agency Model across Northern Kenya Installation of solar equipment to support POS equipment Partnerships Strong Public Private Partnership- PPP- Equity Bank / DFID /GoK/ MasterCard to Scale Social Payments Innovation Bank Accounts & Biometric PrePaid Cards Holds Digital Cash Agency Model and Branches are Sustainable Rural Financial System Infrastructure Supporting Local Cash Economy Mode of Delivery Agency Model- Shared Prosperity Growing Local Entrepreneurs Build ‘’Last Mile’’ for National Payments System Security - Card System is EMV- Europay MasterCard and Visa- Compliant Beneficiary Data Confidentiality per CBK Prudential Regulations Compliance with Regulation Strong KYC- Know Your Customer- Manage AML/ Fraud 11 Hunger Safety Net Program HSNP Phase I (2009-2013) Number of Beneficiaries households 68,624 households or 420,000 individuals Areas covered by Program Turkana, Mandera, Marsabit, Wajir Amount of Cash Transfer Year 1: 2009 Amount KES 2,150.00 Year 2: 2010 Amount KES 3,000.00 Year 3: 2011 Amount KES 3,500.00 Year 4-5:2012/13 Amount KES 4,600.00 Total HSNP I (including 2 bonus cycles paid to 50,000 exiting beneficiary households) KES 4.79 Billion Hunger Safety Net Program- HSNP Phase 2 (2014-2017) 100,000 households on regular cash transfer Number of Beneficiaries households 270,000 households on emergency intervention Areas covered by Program Turkana, Mandera, Marsabit, Wajir Year 1: 2014 Amount KES 4,600.00 Year 2: 2015 Amount KES 4,900.00 Year 3: 2016 Amount KES 5,100.00 Amount of Cash Transfer Per Year Year 4: 2017 Amount KES 5,400.00 Program Budget KES 15.46 Billion Total Cash Transfer Value Paid to date KES 10 Billion 12 Orphans & Vulnerable Children (CT-OVC) (2012 – 2017) Number of Beneficiaries 57,246 households or 343,476 individuals households Areas covered by Program 20% of Kenyan District Amount of Cash Transfer KES 4,000.00 Total value CT-OVC KES 3.003 Billion Partnerships Strong Public Private Partnership- PPP- Equity Bank / UNICEF/ World Bank /GoK/ MasterCard to Scale Social Payments Innovation Biometric PrePaid Cards Holds Digital Cash Agency Model and Branches are Sustainable Rural Financial System Mode of Delivery Infrastructure Supporting Local Cash Economy Agency Model- Shared Prosperity Growing Local Entrepreneurs Security - Card System is EMV- Europay MasterCard and Visa- Compliant Beneficiaty Data Confidentiality per CBK Prudential Regulations Compliance to Regulation Strong KYC- Know Your Customer- Manage AML/ Fraud 13 KCEP (Kenya Cereal Enhancement Programme) 2015 - 2018 Number of Beneficiaries households 40,000 farmers Areas covered by Program a) Western Kenya and the Rift Valley: Bungoma, Kakamega, Nakuru, Nandi and Trans Nzoia. b) Eastern Kenya: Embu, Kitui and Tharaka Key Recommendation No. 6 – Capitalize Strong Public Private Partnership- PPP- Equity Bank / Private Sector’s Expertise in Delivering IFAD/ EU to Scale Agriculture Subsidy Innovations Payments Account based cash transfer Key Recommendation No. 7 – Where Debit card with wallets Possible Deliver Cash Digitally and in a Agrodealers to issues subsidy including seeds, fertiliser Manner that Deepens Financial Access to credit for all the 40,000 farmers Inclusion Security - Card System is EMV- Europay MasterCard and Key Recommendation No. 8 – Improve Visa- Compliant Aid Agencies Data Security, Privacy Beneficiaty Data Confidentiality per CBK Prudential Systems and Compliance with Financial Regulations Regulations Strong KYC- Know Your Customer- Manage AML/ Fraud 14 Equity Bank Rwanda Cash transfer - 2016 Number of Beneficiaries About 13,496 Areas covered by Program Gihembe , Nyabiheke and Kigembe Amount of Cash Transfer RFW 6,300 per household for 9 months Total Amount transferred RFW 3.6 Million Bank Accounts & Biometric Debit Cards Holds Digital Cash Agency Model and Branches are Sustainable Rural Financial Model System Infrastructure Supporting Local Cash Economy Agency Model- Shared Prosperity Growing Local Entrepreneurs Key Recommendation No. 1 – Strong Public Private Partnership- PPP- Equity Bank Rwanda Capitalize Private Sector’s /MasterCard (WFP) to Scale social payments innovation Expertise in Delivering Payments Compliance with Regulation. Security - Card System is EMV- Europay MasterCard and Visa- Compliant Beneficiary Data Confidentiality per CBK Prudential Regulations Strong KYC- Know Your Customer- Manage AML/ Fraud 15 Smart Card : Multi Wallet – Multi Programme Bio Data Bank Account Health Care Food Ration Water Education Seeds/Fertilizer Nutrition 16 Gihembe Camp Location: Gihembe refugee camp is located in Byumba town, Kageyo Sector of Gicumbi District in Northern Province, 60 km north from Kigali City. This camp was established in December 1997 to host Congolese refugees Eastern DRC. Currently, the camp is built on 40- hectares land with 3,055 households 17 Nyabiheke Camp Location: Nyabiheke is located in Gatsibo district in the Eastern Province,Nyabiheke was established in April 2005 when 4,500 Congolese from North Kivu. Another outbreak of fighting in North Kivu in 2007 led to a second wave of 3600 Congolese out of DRC into Nyabiheke. The population