Co-op Diaspora Banking is designed to specifically fulfill the needs of Kenyans in Diaspora who want safe, flexible, and convenient banking back.
Kenyans in diaspora are sending money to friends and family to invest, only to jet back home to zero investment, millions of excuses and a very plump cousin.
Co-operative Bank has an online facility where Kenyans abroad can create an account, save money, buy property and/or invest in SMEs.
Whether land or residential areas, the bank does its due diligence, involving its lawyers, to ensure that the property has proper documents.
Additionally, the site offers an array of property which is tailored to suit individual needs.
For example, for residential houses, there are those that are located on the outskirts of Kenya’s capital, Nairobi, or those in quieter regions.
Co-operative Bank also offers land deals as well as fully furnished homes and offices.
In terms of business investments, the bank has offered loans to entrepreneurs interested in boosting their Small and Medium Enterprises (SMEs).