IFC, Equity Bank in Sh2.6bn risk-sharing deal to support refugee zones

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Equity Bank branch in the Kibera slums of Nairobi. 

Photo credit: File | Nation Media Group

The International Finance Corporation (IFC) has announced a Sh2.58 billion ($20 million) risk-sharing facility for Equity Bank Kenya to support financial inclusion for refugees and their host communities.

The World Bank’s private sector lending arm said the facility will boost financial inclusion for individuals and small businesses in Kenya’s most underserved regions, including the Turkana and Garissa refugee hosting areas.

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