Co-op Bank Business Solutions
Co-op Bank Business solutions support entrepreneurs to manage and also grow their businesses.
The Business Solutions include;
- MSME Term Loan-This is the money you can borrow for your business for a period of time to help your business expand, repayable to upto 60 months.
- MSME Overdraft/Working Capital-Business doesn’t need to stop when payments are delayed. Access our overdraft facilities which allow you to withdraw your current account beyond zero.
- Mobile Loans – Get quick biashara loans via MCo-opCash or *667#
- Import Duty Financing-This is a solution for importers designed to help them have a seamless process during the clearing and transportation of imported cargo.
- Mkopo Wa Kujengana– Grow your self-help group with Mkopo wa Kujengana.
- Business Mortgage and Construction Loans-We finance the construction or renovation of residential or commercial properties.
- Supply Chain Financing-This is a solution to MSME Anchor customers to pay the suppliers upon delivery and submission of invoices. This facilitates financing for suppliers to the Anchor customer to obtain early payment once they submit their invoices.
- Asset Financing-Asset Finance gives you flexibility to finance your moveable assets without tying up any other property or assets as collateral.
Do you need a business current account? This is the account for you.
Our MSME Current Account comes with packages that suit your business needs. We have solutions for all business needs in your growth life cycle.
Here are the available packages :
| Features | Bronze | Silver | Gold |
| Current account | Available | Available | Available |
| Debit card | Available | Available | Available |
| Mobile banking | Available | Available | Available |
| Internet banking – free monthly access | Optional | Available | Available |
| Ledger Fees – over the counter withdrawals, debit transactions | Ksh 50 per transaction | Ksh 35 per transaction | Ksh 25 per transaction |
| Minimum opening balance | Ksh 1,000 | Ksh 2,000 | Ksh 10,000 |
| Monthly maintenance fees | Ksh 100 per month | Ksh 1,000 per month | Ksh 2,000 per month |
| Minimum operating balance | Ksh 300 | _ | _ |
| Cheque book | Optional | 1st cheque book free (100 leaves) | All cheque books are free |
| Insurance – (under group cover) | Free permanent and total disability cover – Ksh 100,000 | Free permanent and total disability cover – Ksh 500,000 | Free permanent and total disability cover – Ksh 1,000,000 |
| Credit card | Available on request | Eligible – up to Ksh 100,000 | Eligible – up to Ksh 500,000 |
| Cash handling fees | As per the current tariff | As per the current tariff | Free |
| Free PDQ machine for merchants | Optional | Available | Available |
| *LNM / M-Collections | Optional | Available | Available |
| Access to NFS – Non-Financial Services – Ts&Cs apply | Available | Available | Available |
| Access to executive lobby | Available on request | Available on request | Free access to the executive lobby |
| Dedicated RM | Available | Available | Available |
| Waive monthly A/C maintenance fees if the minimum A/C balance across the month is: | Ksh 50,000 | Ksh 200,000 | Ksh 500,000 |
- Internet Banking
- Swift Transfers
- Pesalink
- MCo-op Cash
- Real Time Gross Settlement (RTGS)
- MPesa Paybill Termination