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Get a loan of up to five times your savings and take your investment club to new heights

Co-operative Bank is Regulated by the Central Bank of Kenya.

Club Special Loan

Is your chama or investment group/ club trying to finance a development project whether it is to purchase land, development of property or other viable investment?

The Co-op Club Special Loan is designed to help chamas reach new heights. Get a maximum loan amount of up to 50 million or five times the group’s savings with a repayment period of up to 72 months.

Features of Club Special Loan
  1. Maximum loan amount of up to 50 million or 5 times the group’s savings
  2. Repayment period of up to 72 months
  3. 100% financing of the project cost
  4. Affordable interest rate
  5. The loan is accessible to groups as a corporate body
Requirements
  1. The group must be registered with the concerned registering body e.g. ministry of social services, ministry of gender etc.
  2. Group account operational for 6 months with Co-operative bank or with other banking institutions
  3. Open Mshiriki current account and an investment company account with the Co-operative bank
  4. Group must be making monthly contributions through the Mshiriki account    
Security

The securities acceptable to the Bank under this loan product include:-

  1. Cash
  2. Shares quoted in the Nairobi Securities Exchange. 
  3. Residential Properties
  4. Commercial Properties
  5. Land
  6. Supported Debentures
  7. Chattels Mortgages on Motor Vehicles, Machinery, etc.
  8. Guarantees supported by Tangible Securities.
  9. Approved Overseas Guarantees
  10. Treasury Bills & Treasury Bonds
  11. Approved Endowment Insurance Policies. 

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