Equity Bank has just recently been named Kenya’s best bank this year and that has been the case for the last couple of years.

If you are business person in Kenya and you own a business/shop where there are many people, becoming an equity bank agent will make you alot of money if done right.

As an agent in Kenya, you make money through commission, which means that the potential of making a lot of money is literally endless.

In this article, we have listed down the application process on registration of Equity Bank Agents and the requirements.

Equity Bank Kenya Agent Requirements:

Your business should be located in an open area with a reliable security service.

Your business should not fall victim of any kind of negative activity that may negatively affect your business’s reputation.

You should have an existing business that has been operating for the past 12 months, in the same location.

You should have a valid business permit for your business

You may need the current statements for the last 6 months in business.

As an Equity Bank Agent in Kenya, here are the services that you will be offering to every Equity bank client that visits your shop.

Bill payments

Cash deposits

Cash withdrawals

School fees payments

Rent payments

Money transfer

Balance inquiries

Mini statement requests

Account opening

NHIF payments

NSSF payments

KRA payments

You will be taught how to do all the above, there is no need to do the research yourself. Everything will be explained to you before you are approved as an agent.

Equity Bank Kenya Agent Required Documents for Application:

An agency banking application duly completed & signed by the applicant

Your National ID and copies for the principal applicant

A certificate of good conduct

Business profile, provide a brief description of the commercial activity of your business in the past 12 months

A copy of certificate of incorporation or certificate of registration of the business name as applicable

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

Provide 3 copies of pre-signed Equity Agent Contract to accompany the application

An audited financial records for the past 12 months

Credit Reference Bureau report (CRB)

Two passport size photos for every applicant

Curriculum vitae (CV) of all the applicants

3 colored photos of the business outlet

You may also need to provide articles and memorandum of association or Partnership deed where applicable

A well described sketched map for business location, and your home location

Board resolution (applicable to companies and partnerships)

Provide a valid business license or permit for any lawful commercial activity carried on by the entity

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If you have all the necessary documents, you can fill out the Equity Bank Agent form which is available at an Equity Bank Branch near you.

One of the best advantages of becoming an Equity agent, is that you are allowed to run a couple more agencies/services along with your Equity Bank Agent shop such as M-pesa and KCB Mtaani just to name a few.