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The Co-operative Bank of Kenya Ltd

Strategic pillar: Scale partnerships
Customer group: Smallholder farmer
Region: Africa
Partner since: 2024
Joint partners FCDO and Mastercard
FCDO funding type: CASEE
Technology: Multiple

About

Co-operative Bank of Kenya, a commercial bank in Kenya, was established in 1965, initially as a cooperative society. Shares previously held by the 3,805 Co-operative Societies and Unions were ring-fenced under Coop Holdings Co-operative Society Limited which became the strategic investor in the Bank with a 64.56% stake.

Project Focus

Shell Foundation is working with Co-operative Bank of Kenya to pilot six productive use energy and income generating assets, for which the Co-op Bank will provide capital for unbanked farmers to borrow through co-operatives in the potato, maize, and dairy value chains, at a step-down interest rate.

Co-op Bank has digitally onboarded one million smallholder farmers onto Co-op Bank Soko, a white-labelled digital platform created by Mastercard which digitises the process for the supply and purchase of agricultural inputs and produce and plans to onboard at least two million smallholder farmers in Kenya within four years.