Kenya is east Africa’s economic hub. With a fast growing economy anchored around tourism and agriculture, the economic strength of this country has continued to grow. With such vibrant tourism and agriculture sectors, the financial industry has also continued to record steady growth. One of those financial houses making a contribution is the co-operative bank of Kenya.
This bank was registered in 1965 with a vision and mission of being a leading and dominant Kenyan bank with a strong countrywide presence offering value added financial services to chosen market segments. Todate this bank has got a staff compliment of 3,193 employees with a share capital of Kes 5,000,000,000 made up of Kes 1.00 each and an issued and fully paid capital of Kes 3,492,370,900 made up of 3,492,370,900 shares of Kes 1.00 each.
With such a long history in the industry, the cooperative bank has developed a wide range of products and services. These products and services are divided into individuals, corporates, trade finance services, cooperatives, diaspora and institutions.
Products and services in the individuals category include club special loan for Chamaas, good home mortgage, personal loan, biashara plus, msamaria womens loan, asset finance, LPO financing, insurance finance, maziwa loan, flexi cash salary advance and bizwise loans.
Corporates and trade finance services include short and long-term loans, overdrafts, asset finance, insurance finance, letters of credit, bonds and guarantees, documentary collections and custodial services.
Cooperatives are serviced through donor supported loans, member development loan, Sacco revolving advance, cash cover facility, tengemeo loan, kilimo faida, maziwa loan, term loans, FOSA development facility, insurance finance, PSV Sacco bus financing scheme, Sacco personal loan, education savings scheme loans and good home mortgage.
The diaspora community is also not left out with mortgages for Kenyans living abroad being offered. Kenyan institutions can also access short and long-term loans, overdrafts, asset finance and insurance finance.
Cooperative bank of Kenya can be contacted on 0202776000020.