Co-operative Bank of Kenya has committed to help in dispersing Hustler’s Fund as promised by the Kenya Kwanza government.
Speaking during the launch of NSE Market Place on October 11, the bank’s CEO Gideon Muriuki said the bank was capable to handle the fund owing to its countrywide reach.
“We are all set for the key challenges you have set for us to further deepen this sector, your excellency.
“The Saccos structure meets the requirements of successfully handling the hustler fund in terms of financial access, traceability, inclusivity, affordability and overall sustainability of the fun,” Muriuki said.
He further said that Co-op Bank is ready to provide Saccos with its lending models to help the thrift institutions manage credit risk better.