Co-operatives are at the core of our business. They define who we are, they are our strategic shareholders, they are the single largest customer base, and they remain the key focal point of our strategy.

And this is why.

• The Co-operative Movement is the strategic and anchor shareholder in the Bank. The movement holds a majority 65% stake through Coop Holdings Co-operative Society Limited, which holds the stake on behalf of 3,080 co-operative societies and unions with millions of individual members.
• One in every five Kenyans is a member of a co-operative. Providing banking services to the co-operative movement is therefore a sure way of banking majority of Kenyans.
• The Co-operative Model of resource creation, mobilisation and management is one of the most equitable means of wealth management in any society, as it fosters a system of equal and affordable access to opportunity and equitable sharing of the benefits that discourages inequitable concentration of wealth.
• It is likely that the huge 'brick-and-mortar' costs of setting up branch outlets will discourage majority of the mainstream banks from providing financial services across all regions of the country. Co-operatives can therefore provide a reliable alternative provider.

In this respect, it is most encouraging that savings and credit co-operatives (SACCOs) have established capacity ot offer front office banking services through what is now commonly referred to as Front Office Service Activities (FOSAs).

The Bank is already in a franchising partnership through which we will provide wholesale banking services to individual FOSAs which then provide retail banking services to members. In addition, we wish to encourage more Saccos to establish FOSAs, and we have formed a dedicated Bank team – FOSA Consultancy Project - to provide complete end-to-end consultancy to Saccos for this.

For a more complete understanding of how we work with Co-operatives, or how we can help your organisation set up a co-operative and or help your co-operative better meet its financial needs, talk to us on Tel: 3276134/000 or Email: cooperatives@co-opbank.co.ke


For all other enquiries, talk to us on Tel 277 6000 or
Email: customerservice@co-opbank.co.ke