Every successful businessman has at least two stories to tell; one for his own growth and another for the groundbreaking company or transaction that set him up for success.
Peter Munga too, just like all billionaires in his circles and beyond, started the arguably biggest bank in customer base in Kenya with a meager Ksh 5,000.
In August 2018, the mogul narrated that he started the bank, which was called Equity Building Cooperative Society at the time, in Murang'a in 1984 and had a staff of five.
He made the revelations when he toured the bank's roots with his successor David Ansell, who was taking over the bank's chairmanship from him.
“We started from nowhere and that’s why I have decided to take the new chairman to where began to understand the bank’s philosophy better.
"I had only Ksh. 5000 when starting Equity Bank, there were many people with more money but could not apply the knowledge," he stated.
The initial office contained a boardroom which served as the office of the chairman the institution’s manager.
The room was turned into a museum of the bank.
Shortly after, the institution gained traction and opened a second outlet Murarandia in Kiharu before proceeding to a third shop in Kiriaini
The Kiriaini branch was just a small kiosk that serves as a shop in Kiriaini town that sells electronics today.
