Requirements for You to Work as an Equity Bank Agent

Requirements for You to Work as an Equity Bank Agent

Finance

Equity agent banking offers convenient banking services to its customers without a user necessarily visiting an Equity bank branch. The Equity banking agency was initiated in 2011 and has shown tremendous growth. Working as an agent is a partnership with the Equity Bank that offers solutions to its customer and allows smooth running your business.

In this post, we have outlined all the requirements you need before applying to become as an Equity Bank agent in Kenya.

To Work as an Equity Agent, you need the following:

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. Brief description of commercial activity – 12 months

7. Current statements for the last 6 months

Read: How to check your CRB status online in Kenya by Metropol

Required Documents that you must have before making your application

Below is a list of 19 documentation requirements you need to work as an Equity Bank Agent:

1. Agency Banking application duly completed and signed by the applicant

2. National ID and copies of principal applicant (s)

3. A certificate of good conduct

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

5. Bank and/or loan statements from any other institution from the past 12 months

6. Three copies of pre-signed Equity Agent Contract to accompany the application

7. Copy of certificate of incorporation / certificate of registration of 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. 3 Colored photos of the business outlet

17. Interior view of the premises from the door

18. Interior view showing stocks

19. Outside view (15 meters from the door showing nearby premises)

For more inquires Contact Equity at:

+254 763 063 000

info@equitybank.co.ke

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