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Detailed Information on Kenya - Equity BankProject SummaryEquity Bank (formerly known as the Equity Building Society) is a leading micro finance institution in Kenya. With a strong grass- roots presence and targeted marketing approach, Equity has achieved exponential growth and has a strong record for SME lending. Equity proposed to launch 2 new loan schemes – consumer loans for purchase of SHS systems and a corporate loan scheme for SMEs in the PV sector. After numerous discussions PVMTI has agreed to sponsor the SME lending scheme to provide them with funding and support required to build strong businesses. PVMTI InvestmentPVMTI has committed $ 2.1 million to the project – primarily as a guarantee for the SME loan scheme. Current StatusThe documentation for the SME loan is now complete and the project will be initiated in 2007. ContactsWinnie Imanyara |
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