Access to affordable and timely working capital remains one of the most critical factors determining the success of small and medium-sized enterprises (SMEs).
From purchasing inventory and meeting supplier obligations to managing seasonal demand and bridging temporary cash flow gaps, businesses require reliable financing at every stage of growth.
Yet for many SMEs, obtaining conventional credit has often been slowed by lengthy approval processes, collateral requirements, and extensive documentation.
Recognizing this financing gap, Co-operative Bank of Kenya (Co-op Bank) has introduced the Co-op Till Loan, a digital working capital solution designed to give merchants fast and convenient access to unsecured credit based on the strength of their business transactions.
The facility targets businesses using the Co-op Till collection solution, allowing eligible merchants to access financing of up to Sh1.5 million to support day-to-day operations without disrupting business activities.
By leveraging actual till transaction volumes to determine borrowing limits, the product enables businesses to unlock financing that reflects their trading performance.
Unlike traditional lending products that may require physical branch visits and lengthy processing periods, the Co-op Till Loan is fully digital.
Eligible customers can apply through the Co-op Bank App, the YEA App, Internet Banking, or the bank’s *667# mobile banking platform, making the borrowing process accessible wherever the customer is.
The loan offers flexible repayment periods of seven, 14, or 30 days, enabling businesses to select a repayment schedule that best aligns with their cash flow cycles.
For the seven-day option, merchants can borrow between Sh1,000 and Sh1.5 million at an interest rate of 0.15 percent, with a 1.5 percent appraisal fee.
The 14-day facility attracts an interest rate of 0.12 percent and a 3 percent appraisal fee, while the 30-day option is priced at a lower interest rate of 0.10 percent with a 5 percent appraisal fee.
The varying tenures provide flexibility for businesses with different working capital requirements.
Who is Eligible?
The digital lending solution is particularly suited to enterprises seeking short-term financing to replenish stock, fulfill customer orders, manage supplier payments, or capitalize on emerging business opportunities without waiting for lengthy credit approvals.
Applicants must have an active Co-op Bank account linked to an operational Co-op Till collection solution and be registered for the bank’s mobile banking services through the Co-op Bank App, the YEA App, Internet Banking, or *667#.
Customers must also have an available Co-op Till Loan limit, which can be viewed under the e-loan section on the bank’s digital channels.
For limited companies and businesses operating accounts with multiple signatories, the bank allows a director or an authorized signatory to be nominated to borrow on behalf of the company, expanding access to corporate customers.
How to apply for Co-op Bank Till loan
To get started, customers are required to access the E-Loans menu on their preferred banking platform, select the Co-op Till Loan option, review their available borrowing limit and preferred repayment period.
Applicants are also required to enter the desired loan amount within the approved limit, confirm the applicable charges, and accept the terms and conditions, after which the funds are directly deposited into their transaction account.
Step-by-step guide
- Go to E-loans
- Select Apply Loan
- Select Co-op Till Loan
- View Limits and Select Tenure
- Enter Amount within the indicated limits
- View amount applied and charges then select proceed
- Accept Terms & Conditions
- Access the disbursed amount in your transaction account
Also Read: Co-op Bank named Kenya’s Best Retail and Digital Bank at Euromoney Awards
