Equity Group Foundation Explained
Equity Group Foundation |
Full Name: | Equity Group Foundation |
Abbreviation: | EGF |
Status: | Foundation |
Type: | Nonprofit |
Purpose: | Transforming lives, giving dignity and expanding opportunities for wealth creation. |
Headquarters: | Equity Center, 8th floor, Wing B, Hospital Road, Upper Hill, Nairobi, Kenya |
Region Served: | Africa |
Addnl Location City2: | 3 Columbus Cir Fl 15, New York, NY 10019 |
Addnl Location Country2: | United States of America |
Fields: | - Education & Leadership Development
- Agriculture
- Health
- Entrepreneurship & Financial Education
- Energy & Environment
- Social Protection
|
Board Of Directors: | - James Mwangi - Executive Chairman[1]
- Ms. Zainab Jaffer - Member
- Mrs. Mary Wamae – Member
- Mr. Samson Bwaya – Member
|
Key People: | - James Mwangi - Executive Chairman EGF, Equity Group MD and CEO
- Lauren Hendricks - CEO, EGF International
|
Parent Organization: | Equity Group Holdings |
Subsidiaries: | Equity Group Foundation International |
Students: | 37,009 |
Website: | equitygroupfoundation.com |
Equity Group Foundation (EGF) is an East African foundation based in Nairobi, Kenya. It was founded in 2008 to bolster Corporate social responsibility (CSR) for the Equity Group.[2]
Overview
The main aim of Equity Group Foundation is to enhance the social and economic prosperity of people in the African region. This is through creating opportunities for people living at the bottom of the pyramid thus incorporating them into the modern economy. Since its inception in 2008, the Foundation has significantly enhanced the coordination of corporate social responsibility (CSR) interventions for Equity Group Holdings Limited. Through their Wings to Fly Program, Equity Group Foundation has been able to fund 60,009 students since inception.[3] This program is co-funded by the Mastercard Foundation to the tune of US$100 million.[4] The Harvard Business Review described the foundation as being focused on driving African development and creating opportunities for prosperity.[5]
Focus areas
The Foundation has six areas of focus. These are:[6]
Education and Leadership Development Program beneficiaries[7] Program | 2021 beneficiaries Up to July | Cumulative beneficiaries |
---|
Secondary School Scholarships - Wings to Fly and Elimu | 10,705 | 60,009 |
Wings To Fly Scholars Qualified to join University | 1,410 | 23,825 |
Equity Leaders Program Global Scholars | 66 | 914 |
Equity Leaders Program Interns | | 8,878 |
Technical and Vocational education Training Scholars | 229 | 3,471 | |
Enterprise Development and Financial Inclusion Program AchievementsProgram | 2021 beneficiaries Up to July | Cumulative beneficiaries |
---|
Micro, Small and Medium Enterprise Trained | 195,491 | 556,929 |
Financial Inclusion | 0.06M | 2.465M | |
Food and Agriculture BeneficiariesProgram | 2021 beneficiaries Up to July | Cumulative beneficiaries |
---|
Small and medium Sized farmers Supported | 9,500 | 302,394 |
Farmers impacted | 0.05M | 3.8M | |
Health Program PerformanceProgram | 2021 beneficiaries Up to July | Cumulative beneficiaries |
---|
Equity Afia outpatient Clinics | 12 | 114 |
Clients Reached via Equity Afia | 77,872 | 200,945 |
Client visit to Equity Afia | 193,336 | 2,421,835 | |
Energy and EnvironmentProgram | 2021 beneficiaries Up to July | Cumulative beneficiaries |
---|
Clean energy Products distributed | 29,727 | 430,316 |
Trees planted | 3.88M | 26.8M | |
Social ProtectionProgram | 2021 beneficiaries Up to July | Cumulative beneficiaries |
---|
Number of individuals Reached with Social protection Programs | 0.08M | 5.4M |
Value of Disbursements via Cash Transfers | Kshs 9.90B | Kshs 143.1B | |
Partners
Equity Group Foundation has developed partnerships with other funding and development organizations including the Mastercard Foundation, the UK Department for International Development (DFID), the United States Agency for International Development (USAID), KfW Development Bank, Financial Sector Deepening (FSD Kenya), Kenyatta University, Africa Nazarene University, World Bank Group, NORAD, Equity Bank, Swiss Agency for Development and cooperation, European Union, Republic of Kenya, Kingdom of the Netherlands, IFAD(Investing in Rural people), IFC, Norfund, FAO, Australian AID, SNV, World Vision, UNHCR, United Kingdom Agency for International Development (UKAID), OXFAM, ICRC, Save the Children, Windle Trust International, Proparco, LUNDIN Foundation, AGRA, The Rockefeller Foundation, Mozilla Foundation, Agrocares, Marvel Five Investments Ltd
Equity Group Holdings Limited
Equity Group Holdings Limited is a large financial services conglomerate in East Africa[8] whose stock is listed on the Nairobi and Uganda Securities Exchanges under the symbols EQTY and EBL respectively. The companies that comprise the Equity Group Holdings Limited include:
Notes and References
- Web site: 2020 Transformational Impact Report . Equity Group Foundation . 6 August 2021.
- Web site: EGF - About us . 2015-02-10 . Equity Group Foundation . dead . https://web.archive.org/web/20150210225707/http://equitygroupfoundation.com/index.php/home . 2015-02-10 .
- Web site: President Uhuru Kenyatta Commissions the Equity Group Foundation 2015 Wings to Fly Scholars . 2015-01-16 . 2015-02-10 . Equity Group Foundation . dead . https://web.archive.org/web/20150210230845/http://equitygroupfoundation.com/index.php/blog/2015/01/president-uhuru-kenyatta-commissions-the-equity-group-foundation-2015-wings-to-fly-scholars . 2015-02-10 .
- Web site: Equity Group Foundation Scholarships. 2015-02-10. Mastercard Foundation.
- Bringing Global Philanthropy Closer to Home. 7 May 2013. 2015-02-11. Harvard Business Review. Harvard Business Publishing. McPherson. Susan.
- Web site: EGF - Our Strategy. 2015-02-10. Equity Group Foundation.
- Web site: 2020 Transformational Impact Report . Equity Group Foundation . 16 August 2021.
- Web site: October 2014. Equity Bank Group Financial Statement As At 30th September 2014. 2014-11-23. Equity Bank Group.