How to become an Equity Bank Agent in Kenya 2020

Becoming an Equity Bank agent is one of the lucrative opportunities in Kenya. Since the onset of the Agency banking service in 2011, most people can enjoy Equity’s banking services at ease from the many agent shops available. Visiting a bank is long gone for simple tasks such as deposits, withdrawals, opening accounts, mini statements, bills payments, and buying services.

Opening an Agency shop is simple with the right procedures. There are crucial documents and permits required for it to run smoothly.  

Here are the documents you need to open an Equity Bank Agent business:

  • A signed and completed Agency Banking Application by the applicant
  • Copies and Original National ID of the principal applicant
  • A Good Conduct Certificate
  • Curriculum Vitae (CV) of the applicants
  • Two passport size photos of the applicant
  • 3 colored photos of the business outlet with:
  • Interior view of the shop from the door
  • The outside view from the door to the nearby premises
  • Interior view with stock
  • An updated business profile for commercial activity for the past 1 year
  • Any banks or institutions Loans statements
  • Report from the Credit Reference Bureau (CRB)
  • 3 Copies of pre-signed Equity Agent Contract to accompany the application
  • Certificate of registration of the business name or a copy of certificate of incorporation
  • Audited financial records for the past 1 year
  • Articles and Memorandum of partnership/association deed if applicable
  • Sketch map for the business and home location
  • Valid Business license or permit for any lawful commercial activity done on the entity
  • Board resolution (applicable to partnerships and companies)

Documentation is important. However, that is not all. There are certain requirements you need to meet to be fully accredited as an Equity Agent. They are:

  • Valid business permits for the existing business
  • An existing business that has been in operation for a minimum of 12 months before the application
  • An exceptional moral standards with great reputation
  • A great yet strategic business location that is accessible, reachable, secure and visible
  • A brief description of commercial activity for the past 1 year
  • Current statements for the past 6 months

Once you have all the requirements and documents required, you can make great use of the opportunity.

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