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How To Become An Equity Agent.

Mobile money banking has made accessibility to banking services reachable to a large population of Kenyans. Withdrawals, deposits, and opening a bank account can be done by authorized agents.

But what are the requirements for applying to become an Equity Bank agent in Kenya? This article lists all the requirements.

To become an Equity Agent, you need the following:

An existing business that has been operating successfully in the same location for a minimum of 12 months before the application

Valid business permits for the existing business

A strategic business location – accessibility, visibility, and security

A good reputation and high moral standing

An excellent reach and catchment area

Brief description of commercial activity- 12 months

Current statements for the last 6 months

Agency Banking Documentation

Agency Banking application duly completed and signed by the applicant

National ID and copies for principal applicant(s)

A certificate of good conduct

A brief description of commercial activity for the past 12 months (business profile)

Bank and/or Loan statements from any other institution for the past 12 months

Three (3) copies of the pre-signed Equity Agent Contract to accompany the application

Copy of certificate of incorporation or certificate of registration of the business name as applicable.

Articles and memorandum of association/Partnership deed where applicable.

Board resolution (applicable to companies and partnerships)

Valid business license permit for any lawful commercial activity carried on by the entity

Audited financial records for the past 12 months

Sketch map for business and home location

Credit Reference Bureau report (CRB)

Two passport size photos for every applicant

Curriculum vitae (CV) of all the applicants

Content created and supplied by: Nyamwaro (via Opera News )

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