Are you a small business looking for financing for your business? Well, the Co-operative Bank of Kenya has some of the best financing options tailored for various SMEs’ needs.

Below are some of the SME financing products offered by the lender.

MSME Overdraft Working Capital

The Co-op Bank MSME Term Loan is a type of loan that allows small and medium-sized enterprises to access the financing needed to expand or raise their business supply capabilities.

Under this product, borrowers can access financing under three categories: Bronze, Silver, and Gold. Each category has a varying loan limit, meaning borrowers access various loan limit depending on the category they fit it.

The Bronze package provides financing of up to Sh600,000, Silver Sh6 million and Gold Sh10 million.

The amount can be repaid in up to 60 months based on the level of the borrower’s business and the type of security provided.

Mkopo wa Kujengana – Business

Mkopo wa Kujengana Loan is available to individual group members. The group must be registered as a self-help group by the relevant government authorities.

Under this product, borrowers not only access financing but also receive training on how to manage it.

The loan is based on a co-guaranteeing mechanism and members qualify for the loan after 8 weeks of training.

Overdraft

The Co-op Bank overdraft facility allows enterprises to access funds even when their savings balance is below zero, enabling them to continue with their operations without interruptions.

Borrowers can repay the borrowed amount at any given time without any penalties. To qualify for this loan, borrowers must have:

Supply Chain Financing

This is a financing solution designed to help MSMEs pay suppliers. It facilitates financing for suppliers to the Anchor customer to obtain early payment once they submit their invoices.

Features

Security:

Benefits of the parties involved

Benefits to Anchor

Benefits to Suppliers

Requirements