Education is perhaps the most critical and largest borrowing need that majority of Sacco members have. Many Saccos therefore experience the greatest demand for loans around the back-to-school period. It is in this respect that Co-op Bank decided on coming up with a variety of solutions to assist Saccos serve their school fees-paying members better particularly during these peak periods.

The Education Savings Scheme is designed to encourage Saccos to save towards building a reserve fund which is to be applied as collateral to secure their borrowing from the Bank for on-lending to members for school fees, hence the name 'Education Savings'.