Release date: 26 March 2003
Promoter – Financial Intermediary
Co-operative Bank of Kenya
Contact point: Peter Munyiri, General Manager
Location
Description
Provision of long-term loans, as part of a larger support from Co-op Bank, to well-performing Savings and Credit Co-operatives (SACCOs) with significant outreach in rural areas.
Objectives
The EIB funding will help Co-op Bank extend long-term loans to SACCOs with commercial orientation and self-regulation. It is part of a wider support package provided by Co-op Bank to SACCOs, including professional financial guidance and management support under a form of franchise agreement.
Comments
Financial sector – Savings and credit co-operatives
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 2 million
Status
Signed - 25/11/2003
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).