Summary

  • More Kenyans including the low income earners prefer to use the Co-op Bank Sacco banking products.
  • Individuals registered in a Co-op bank Sacco are able to acquire loans to startup businesses, expound their businesses and make them a success.

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Co-operative Bank of Kenya continues serving as the leading bank in the country and over the years it stands out for its numerous services and community outreach products that touch the individual lives of every Kenyan.

Sacco banking being one of the most used forms of banking in the country, Co-operative Bank of Kenya offers an unlimited number of Sacco banking to its customers.

Co-op Bank Sacco banking products encourage saving and safeguarding the future; since Sacco’s requires a minimum monthly contribution from members, it instills a saving discipline. Also, deposited money isn’t easily available to members unless on withdrawal from the Sacco, and this protects the savings and prevents impulsive spending of cash saved.

 

Even for the lowly paid and low-income earners both in the rural and urban areas, the Co-op Sacco banking products work very efficient. For instance, we have seen bodaboda operators come up with businesses that flourish, poor children find the means to sponsor their education, grocery sellers expand their businesses etc.

Individuals registered in a Co-op bank Sacco are able to acquire loans to startup businesses, expound their businesses and make them a success.

Unlike normal individual banking, individuals banking with Co-op Bank through Sacco’s are eligible to; low-income rates, high returns on deposits, investment opportunities, build a cash reserve, lower insurance premiums, exciting discounts and e-banking services.

Co-op Bank has initiated different Sacco banking products that touch every aspect of the life of an individual; even a fruit seller, mitumba business owner, mama mboga can now have access to loans and can easily save money.