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Kick start February with Sh10 million Co-op Bank loan to boost your business

With Stock Finance Loan, you will enjoy flexible repayment terms, competitive interest rates, and quick approvals designed to support your growth.

Has your business slumped as a result of the January blues making it problematic for you to buy enough stock? Co-operative Bank has a solution for you.

To keep your business moving don’t let stock shortages slow you down!

Apply for a Co-op Stock Finance Loan today and ensure your shelves stay full while your profits grow.

With Co-op Stock Finance Loan from Co-op Bank, you can easily restock your inventory, meet customer demand, and keep your business running smoothly.

You will enjoy flexible repayment terms, competitive interest rates, and quick approvals designed to support your growth.

Within two hours you can access up to Ksh 10 million to buy stock for your business with Co-operative Bank’s Stock financing.

For traders who need a loan to buy stock for their business e.g. hardware, building and construction, agrochemicals, food and beverages, accessories, pharmaceuticals, fuel, LPG and lubricants, etc. this is meant for you.

You are allowed to borrow up to 100 per cent of the amounts on the proforma invoice/quotation with a maximum tenor of 1 year to repay the loan.

The loan is available to both Co-op bank customers and non-customers.

For non-customers, all you need is to provide security e.g. land, chattels, cash, and motor vehicle, and can be partially secured with AGF (African Guarantee Fund) which has 50-75 per cent coverage.

For Co-op bank customers, unsecured limits are to you with packages Gold, Silver, and Bronze.

For the Gold account, the loan limit is up to Ksh 10 million, the Silver account Ksh 6 million and the bronze account Ksh 600, 000.

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An existing customer only needs to have banked for at least six months and have been in business for three years or more.

For the non-customers, after approval of finance, you need to open an account at a cooperative bank and present your bank statements from your previous bankers.

The business has to be three years old and above.

A non-customer also takes up one of the bank’s collections solutions – either Co-op Till Lipa Na Mpesa or M-Collection.

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