Co-operative Bank of Kenya has introduced women empowerment program dubbed Co-op Msamaria.
“Financial support and empowerment is essential to the growth of businesses and this is where Co-op Msamaria women’s loan comes in.
“With this unique offering you get to enjoy invaluable networking opportunity and unsecured loans of up to Ksh10 million,” Co-op Bank said.
This loan facility aims at accelerating women’s economic empowerment by providing affordable and usable finance towards their businesses.
Features
This loan facility aims at accelerating women’s economic empowerment by providing affordable and usable finance towards their businesses.
The maximum loan amount is Ksh 10,000,000
- Ksh 5,000 to 300,000 – 12 months
- Ksh 300,000 to 1,000,000 – 18 months
- Above Ksh 1 million – 36 months
- Have a business not less than a year old
- Business should have regular cash flow
- Business license of the current year where applicable
- Open an account with Co-operative Bank
- Provide certified bank statements from other banks if your Co-op Bank account is less than 6 months old
- Acceptable security will include but not limited to chattels mortgage over household, business assets, land, NSE se
- Copy of KRA PIN
