Equities First Group Holdings, headquartered in Nairobi, Kenya, is one of the biggest financial services conglomerate operating in the African countries. The company started its operations in Kenya, which is one of the most developed countries in the East African community and also prides in having the largest economy in East Africa. However, the company now operates in many different countries in the Africa sub-continent with subsidiaries in the Democratic Republic of the Congo, Rwanda, Uganda, South Sudan, and Tanzania, with plans of inaugurating at many other key international destinations in the near future.
The company offers a wide array of financial services to its customers, but one of the key services in which the company specializes in is providing non-purpose loans. Equities First Holdings lends securities based non-purpose loan to high net worth individuals, small and medium-sized businesses, and even institutions. Securities based non-purpose loan is given in lieu of the securities of the equivalent amount of loan provided that is taken up as collateral. This helps in securing the lenders and negates any risk attached to offering a loan, and the borrower can continue to enjoy the dividends, interest, and appreciation offered by the equity given as collateral. This arrangement ensures that the borrowers do not have to sell off their investment for the sake of liquidity, which Equities First Holdings can easily provide in a secure and transparent manner, without any lengthy process.
Availing non-purpose loans is essential these days for entrepreneurs, high net worth individuals and small to mid-sized businesses who are looking for capital to infuse into their business, or to start a new business or for any other venture. As the market is volatile and the cash crunch remains a reality in most of the markets globally, it has become important for the individuals as well as businesses to use their assets in a strategic manner to raise capital and ensure consistent growth. The best part is that Equities First Holdings offer the non-purpose loans at easy terms than its counterparts, and the interest is also much lesser. Taking non-purpose loans anyways proves to be much cheaper than going for conventional loans.
The company’s net asset portfolio stands at over $3.8 Billion, and stakeholders’ equity value is around $624 million. The company is also deeply engaged in the rural areas of the African communities, financing agribusiness and small business owners with low-interest loans. Equities Group Holdings in 2008 was named as the best bank in Kenya in Renaissance Capital Bank Awards.
Visit http://www.equityfirstusa.com for more.