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THE CLEAN BILL OF HEALTH that Equity Bank got from a parliamentary select committee chaired by Bondo MP Oburu Odinga was a welcome relief, for the issue had already started sending jitters across the country. Thus, banks made a killing lending to the Government, which kept rolling over T-bills to plug the gaping holes in a budgetary regime that relied heavily on borrowed money. Through Equity Bank and others that have embraced the model targeting low-income earners, capital started seeping into the Jua Kali sector and other small and medium scale enterprises (SMEs). It was at the time that the major banks started hawking loans through SMS, new marketing staff, and leaflets strewn all over their banking halls that Equity came up with its incredible model. The success of the Equity model in a country where distribution of resources is so uneven captures the fate that befalls many a small industry in a country where even MPs are said to have been bank-rolled by big companies to push their interests through the House. Find Out More

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