Kenya - Equity Bank
IFC and Equity Bank of Kenya launched a $20 million risk sharing facility to boost financial inclusion for individuals and small businesses in Kenya’s underserved regions, including Turkana and Garissa, which host large refugee populations. This facility is the first globally to be dedicated to financial inclusion for refugees and their host communities and will serve as a model for similar private sector support initiatives in other African countries hosting large refugee populations. This initiative, part of the Women Entrepreneurs Finance Initiative (WE-FI), is the first to be supported by the Partnership for Improving Prospects for Forcibly Displaced Persons and Host Communities (PROSPECTS), and includes an advisory services program to enhance Equity Bank’s microlending and non-financial services for target customers.
- IFC
Kenya