Equity Group Foundation
Equity Group Foundation (EGF) is an East African foundation based in Nairobi, Kenya. It was founded in 2008 to bolster Corporate social responsibility (CSR) for the Equity Group.[2]
Equity Group Foundation | |
 | |
| Abbreviation | EGF |
|---|---|
| Formation | January 1, 2008 |
| Type | Nonprofit |
| Legal status | Foundation |
| Purpose | Transforming lives, giving dignity and expanding opportunities for wealth creation. |
| Headquarters | Equity Center, 8th floor, Wing B, Hospital Road, Upper Hill, Nairobi, Kenya |
| Locations |
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Region served | Africa |
| Fields |
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| |
Key people |
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Parent organization | Equity Group Holdings |
| Subsidiaries | Equity Group Foundation International |
Students | 37,009 |
| Website | equitygroupfoundation.com |
Overview
The main aim of Equity Group Foundation is to enhance the social and economic prosperity of people in the African region. This is through creating opportunities for people living at the bottom of the pyramid thus incorporating them into the modern economy. Since its inception in 2008, the Foundation has significantly enhanced the coordination of corporate social responsibility (CSR) interventions for Equity Group Holdings Limited.[2] Through their Wings to Fly Program, Equity Group Foundation has been able to fund 28,009 students since inception.[3] This program is co-funded by the Mastercard Foundation to the tune of US$100 million.[4] The Harvard Business Review described the foundation as being focused on driving African development and creating opportunities for prosperity.[5]
Focus areas
The Foundation has six areas of focus. These are:[6]
| Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
|---|---|---|
| Secondary School Scholarships - Wings to Fly and Elimu | 10,705 | 37,009 |
| Wings To Fly Scholars Qualified to join University | 1,410 | 10,991 |
| Equity Leaders Program Global Scholars | 66 | 688 |
| Equity Leaders Program Interns | 6,713 | |
| Technical and Vocational education Training Scholars | 229 | 3,262 |
| Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
|---|---|---|
| Micro, Small and Medium Enterprise Trained | 195,491 | 316,969 |
| Financial Inclusion | 0.06M | 2.24M |
| Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
|---|---|---|
| Small and medium Sized farmers Supported | 9,500 | 49,089 |
| Farmers impacted | 0.05M | 2.05M |
| Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
|---|---|---|
| Equity Afia outpatient Clinics | 12 | 45 |
| Clients Reached via Equity Afia | 77,872 | 200,945 |
| Client visit to Equity Afia | 193,336 | 498,896 |
| Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
|---|---|---|
| Clean energy Products distributed | 29,727 | 273,635 |
| Trees planted | 3.88M | 7.00M |
| Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
|---|---|---|
| Number of individuals Reached with Social protection Programs | 0.08M | 3.41M |
| Value of Disbursements via Cash Transfers | Kshs 9.90B | Kshs 87B |
Partners
Equity Group Foundation has developed partnerships with other funding and development organizations including the Mastercard Foundation, the UK Department for International Development (DFID), the United States Agency for International Development (USAID), KfW Development Bank, Financial Sector Deepening (FSD Kenya), Kenyatta University, Africa Nazarene University, World Bank Group, Norad, Equity Bank, Swiss Agency for Development and cooperation, European Union, Republic of Kenya, Kingdom of the Netherlands, IFAD(Investing in Rural people), IFC, Norfund, FAO, Australian AID, LUNDIN Foundation, AGRA, The Rockefeller Foundation, Mozilla Foundation, Agrocares, Marvel Five Investments Ltd
Equity Group Holdings Limited
Equity Group Holdings Limited is a large financial services conglomerate in East Africa[8] whose stock is listed on the Nairobi and Uganda Securities Exchanges under the symbols EQTY and EBL respectively. The companies that comprise the Equity Group Holdings Limited include:
- Equity Bank Kenya Limited – Nairobi, Kenya
- Equity Bank Rwanda Limited – Kigali, Rwanda
- Equity Bank South Sudan Limited – Juba, South Sudan
- Equity Bank Tanzania Limited – Dar es Salaam, Tanzania
- Equity Bank Uganda Limited – Kampala, Uganda
- Equity Banque Commerciale du Congo – Kinshasa, Democratic Republic of the Congo
- Equity Consulting Group Limited – Nairobi, Kenya
- Equity Insurance Agency Limited – Nairobi, Kenya
- Equity Nominees Limited – Nairobi, Kenya
- Equity Investment Services Limited – Nairobi, Kenya
- Finserve Africa Limited – Nairobi, Kenya
- Equity Group Foundation – Nairobi, Kenya
- Equity Group Foundation International - New York, USA
References
- "2020 Transformational Impact Report" (PDF). Equity Group Foundation. Retrieved 6 August 2021.
- "EGF - About us". Equity Group Foundation. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
- "President Uhuru Kenyatta Commissions the Equity Group Foundation 2015 Wings to Fly Scholars". Equity Group Foundation. 16 January 2015. Archived from the original on 10 February 2015. Retrieved 10 February 2015.
- "Equity Group Foundation Scholarships". Mastercard Foundation. Retrieved 10 February 2015.
- McPherson, Susan (7 May 2013). "Bringing Global Philanthropy Closer to Home". Harvard Business Review. Harvard Business Publishing. Retrieved 11 February 2015.
- "EGF - Our Strategy". Equity Group Foundation. Retrieved 10 February 2015.
- "2020 Transformational Impact Report" (PDF). Equity Group Foundation. Retrieved 16 August 2021.
- "Equity Bank Group Financial Statement As At 30th September 2014". Equity Bank Group. October 2014. Retrieved 23 November 2014.