THE CO-OPERATIVE BANK OF KENYA LTD
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THE CO-OPERATIVE BANK OF KENYA LTD WE ARE YOU. CO-OPERATVE BANK SERVING THE MICRO FINANCE SECTOR. PRESENTATION TO AFRACA PARTICIPANTS ON 25 TH SEPTEMBER 2006 PRESENTATION BY JOSEPH M. MWANGI. MANAGER: MICRO CREDIT UNIT. THE CO-OPERATIVE BANK OF KENYA LTD WE ARE YOU.

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CO-OPERATVE BANK SERVING THE MICRO FINANCE SECTOR.

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Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

CO-OPERATVE BANK SERVING THE MICRO FINANCE SECTOR.

PRESENTATION TO AFRACA PARTICIPANTS

ON 25TH SEPTEMBER 2006

PRESENTATION BY

JOSEPH M. MWANGI.

MANAGER: MICRO CREDIT UNIT


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

OBJECTIVES OF CO-OPERATVE BANK IN SERVING THE MICRO FINANCE SECTOR.

  • Generate business from middle/Low income market by:

    Providing financial services and credit directly to micro enterprises for business expansion.

    Widen deposit base by offering a savings facility to potential low income savers.


Target clients

TARGET CLIENTS

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

  • Responsible entrepreneurs with established ,on-going enterprises which can use fund to expand their existing business lines profitably.

  • Are not reliant on Bank’s capital for expansion i.e. over time, their businesses gradually increase their own capital base by retaining profits.

  • Will pay loan installments on time according to the repayment schedule agreed on with the bank.


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

  • LOAN PRODUCT. -

    Biashara plus (Micro enterprise Loan) Amounts Kshs 15,000 (US $ 205) to Ksh 300,000 (US $ 3750)

  • Biashara Plus Premium. Amount Ksh 301,000 (US $ 4,109) to Ksh 600,000 (US $ 7,500)

  • Biashara Super Premium Kes 601,000 to Kes 1,000,000 (US $8233 to US $13,699)

  • SAVINGS PRODUCT: Haba Na Haba

PRODUCTS OFFERED TO MICRO ENTERPRISES BY CO-OPERATIVE BANK OF KENYA


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

INTEREST RATES.

2.5% Flat Per month for loans ranging between Kshs 15,000 (US $ 205) to Kshs 50,000 (US $ 685).

2.% Flat Per month for loans ranging between Kshs 51,000 (US $ 205) up to Ksh 300,000 (US $4109)

1.5% Flat Per month for loans ranging between Kshs 301,000 (US $4,123) to Kshs 1,000,000 (US $13,699).


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

COLLATERAL, REPAYMENT REBATE, LOAN INSURANCE

  • Collateral is required for all loans. Business and House Hold Items will be taken as collateral.

     Regular monthly repayment.

  • Interest rebate of 20% of interest paid by clients will be refunded to loanee if all installments have been paid on time.

  • A repeat loan will be processed within 3 days.

  • Loans are insured against Death and Permanent disability.


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

INSTALLMENT LOAN. (BIASHARA PLUS).CONT..

LOAN TYPES.

  • Working Capital Loan: Is initially given for six months and may be extended if borrower has a successful history with the bank.

  • Investment Capital loan from six and twelve months mainly for purchase of equipment.

  • Biashara Super premiums of Kes 601,000 to Kes 1m will be given to clients with good repayment history on previous Biashara premium loans withthe bank and have ability to repay. They can be repaid for up to 18 months.


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

BIASHARA PLUS LAON PRODUCT PERFORMANCE THE LAST THREE YEARS.

Dec 03 Dec-04Dec-05 18 AUG06

# No. of Active Clients 3719 4761 4663 5328

Active loan balance 283M 417M 439m 509m

 # No. loans Disbursed. 5,476 6,325 59564349

Total Amounts

Disbursed 695m 910m956m740m

Ave. loan sizes 126 144 161170


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

HABA NA HABA SAVINGS ACCOUNT CONDITIONS.

  • Ksh 400. (US $ 5) opening balance. While Kes 1000 (US $ 14 ) is the operating balance.

  • Minimum interest earning balance is Ksh. 50,000. (US $ 685)

  • Ksh 25 (US $.0.34) monthly fees is charged on this account.

  • A client gets an ATM card to enable them access their money through ATM machines.


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

WE ARE YOU

HABA NA HABA SAVINGS ACCOUNT CONDITIONS.

  • Restriction:- There will be no restriction on withdrawals on this account.

  • Interest calculated monthly and credited quarterly to the clients account.

  • This product is being offered in all branches of the bank.


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

THE BANK ON THE MOVE

THE HABA NA HABA SAVINGS ACCOUNT


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

THE BANK ON THE MOVE

HOW IS THIS BEING DONE.

Branch network and establishment of micro agencies are used for acceptance of deposits and disbursements of credit to this sector:

All Branches of Co-operative bank are offering the savings product and while the Biashara plus loan product is being offered in 36 locations of the bank. We hope to be in all branches by end of this year.


Co operatve bank serving the micro finance sector

THE CO-OPERATIVE BANK OF KENYA LTD

THE BANK ON THE MOVE

“We are a Kenyan Bank.

We support Kenyans first.”


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