This archive report was first published on 8 August 2019.
Co-op Bank has made it easier for Kenyans to access credit and finance with the introduction of MCo-opCash salary advance and business loans.
According to the lender, these products offer customized solutions to borrowers, providing credit at the lowest rates and flexible repayment periods.
For salaried clients, Co-op Bank offers instant credit of up to KSh 200,000 through its MCo-opCash salary advance product.
Those whose salaries are not paid via Co-op Bank can open an account and channel their salary there to be eligible for the loan.
Once the first salary hits the account, borrowers can apply for a loan using their phone.
For business owners, Co-op Bank offers up to KSh 500,000 in their business accounts through the MCo-opCash business loan.
Investors without an account at Co-op Bank can open one today to access the loan.
To apply, borrowers can dial 667# or use the MCo-opCash app, register for MCo-op Cash, link their salary account, and apply for a loan.
The funds will be sent instantly and can be withdrawn at an ATM, bank, or Co-op Bank agent.
Published on August 8, 2019 by Tuko.
