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How to Become An Equity Bank Agent in Kenya

Equity Bank Agent

Equity agent quick banking permits Kenyans to get to and appreciate banking administrations helpfully at their ideal areas without visiting the principle branches which could be far away. The Equity agent banking administration which was discharged to operate in 2011 has seen a colossal benefit development since it’s block attempt; As of October 2017, Equity Bank Kenya Ltd had an aggregate of 25,428 agent outlets in Kenya. On this select post, we are going to lead you at the prerequisites one must satisfy before applying to turn into an Equity Bank agent in Kenya.

To become an Equity Agent, you need the following requirements:

  1. An existing business that has been operating successfully in the same location for a minimum of 12 months prior to application
  2. Valid business permits for the existing business
  3. A strategic business location – accessibility, visibility and security
  4. A good reputation and high moral standing
  5. An excellent reach and catchment area
  6. A brief description of commercial activity- 12 months
  7. Current statements for the last 6 months

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Documents one must have before making an application. 

  1. Agency Banking application duly completed and signed by the applicant
  2. National ID and copies for the principal applicant(s)
  3. A certificate of good conduct
  4. A brief description of the commercial activity for the past 12 months (business profile)
  5. Bank and/or Loan statements from any other institution for the past 12 months
  6. Three (3) copies of the pre-signed Equity Agent Contract to accompany the application
  7. Copy of certificate of incorporation or certificate of registration of the business name as applicable
  8. Articles and memorandum of association/Partnership deed where applicable
  9. Board resolution (applicable to companies and partnerships)
  10. Valid business license or permit for any lawful commercial activity carried on by the entity
  11. Audited financial records for the past 12 months
  12. Sketch map for business and home location
  13. Credit Reference Bureau report (CRB)
  14. Two passport size photos for every applicant
  15. Curriculum vitae (CV) of all the applicants
  16. Three colored photos of the business outlet showing:
  • Interior view of premises from the door
  • Interior view showing stocks
  •  Outside view about 15 meters from the door showing nearby buildings

Equity Bank Kenya Official Website – https://equitygroupholdings.com/ke/