Abstract
This bank started its operations in 1984 as Equity Building Society in Kenya. Its establishment was motivated by the desire to create a financial service provider which would touch base with majority of the Kenyan population. The initial focus was to offer mortgage services but in the early 1990's Equity Building Society changed its business focus to micro finance services.
Unfortunately the bank experienced difficult financial times in the early 1990's and in 1992 it almost faced liquidation by Central Bank of Kenya (CBK). However, due to the Bank's record of creating easy access of financial services by ordinary Kenyans, CBK opted to apply judgement to allow EBS re-invent itself. Then Equity Building Society became Equity Bank Society (...)
