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Equity bank: Runaway profits from banking the poor

By Barney Jopson

Published: October 22 2008 10:45 | Last updated: October 22 2008 10:45

The cover of an Equity Bank brochure carries snapshots of life in Kenya: a blue-blazered farmer tending his cows; a hardware trader inspecting his goods on a dusty road; a child studying a globe under his mother’s gaze.

They are also images of the “unbanked poor”, people who for years were shut out of the financial system. But through loans from Equity Bank they have been able to invest for the first time in agriculture, business and education.

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