Clean water is one of the essential resources every living thing needs for survival. People use it for drinking, bathing, cooking, farming and much more.

Sadly, some people, especially in rural areas struggle to get enough water due to various reasons including accessibility, availability, and cost among others.

To address these challenges, the Co-operative bank of Kenya recently launched a loan product to ensure a reliable water supply to all households and institutions.

Dubbed CO-OP-A-MAJI Loan, the new product allows MSMEs and institutions to get water, sanitation, and hygiene solutions.

According to the fourth largest bank in Kenya by asset base, borrowers can use the loan to acquire smart meters, solar water pumps, solar heating systems and installation, and water bowsers or exhausters.

Additionally, the CO-OP-A-MAJI Loan can be used in other water connection services such as water tanks, water purification systems, household and office water connections, bio-digesters, boreholes, and wastewater treatments.

Businesses within the Water, Sanitation & Hygiene (WASH) sector can also use the loan to grow their business such as water bottlers & distillers, licensed borehole drilling companies, water service providers, manufacturers and distributors of water harvesting equipment.

Own a Water Tank, with the new CO-OP-A-MAJI loan

This loan is available to individuals, MSMEs, and institutions. It offers 100% financing for the purchase of a water tank to secure a steady water supply for a home or business.

Borrowers enjoy faster loan processing and flexible loan tenure. Additionally, there are unsecured limits available to clients fully banking with the bank.

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Requirements

• Duly filled application form
• Business permit/Licenses
• Copy of Business Registration Certificate, Memorandum/Articles of Association
• Resolution to borrow (for Limited Company)
• Account statement for the last 12 months (Non-Co-operative Bank customers)
• Audited books of accounts for amount higher than 5M
• Proforma invoice

Get a Solar Water pump, with the new CO-OP-A-MAJI loan

Co-operative Bank’s CO-OP-A-MAJI Loan provides financing for solar water pumps, solar water heating systems, and installation all designed to bring individuals, MSMEs and institutions reliable access to water using clean, renewable energy.

Borrowers get up to 100% financing under working capital operational expense/stock financing. Key to note is that no additional collateral is required, with the lender offering a flexible loan repayment period.

Requirements

• Duly filled application form
• Business permit/Licenses
• Copy of Business Registration Certificate, Memorandum/Articles of Association
• Regulatory Approvals: NEMA, Water service Provider, Water Resource Authority, KEBS etc.
• Resolution to borrow (for Limited Company)
• Account statement for the last 12 months (Non-Co-operative Bank customers)
• Audited books of accounts for amount higher than 5M
• Proforma invoice

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Get a Water Connection, with the new CO-OP-A-MAJI loan

Whether for your home or business, Co-operative Bank’s CO-OP-A-MAJI Loan provides financing to ensure you have access to essential water and sanitation services.

This product is available to individuals, MSMEs, and institutions, offering up to 100 % financing under working capital operational expense.

Requirements

• Duly filled application form
• Business permit/Licenses
• Copy of Business Registration Certificate, Memorandum/Articles of Association
• National ID/Passport & KRA Pin
• Regulatory Approvals : NEMA,Water Service Provider, Water Resource Authority,KEBS etc.
• Resolution to borrow (for Limited Company)
• Account statement for the last 12 months (Non-Co-operative Bank customers)
• Audited books of accounts for amount higher than 5M
• Security
• Project quotation from an approved technician

Own an Exhauster, with the new CO-OP-A-MAJI loan

Looking to own an Exhauster or Water Bowser? Co-operative Bank, through the CO-OP-A-MAJI Loan provides financing to purchase an exhauster truck or water bowser, in order to facilitate access to water and increase sanitation solutions.

The product offers 80 percent financing and flexible loan repayment of up to 72 months. The loan also features additional financing available for working capital, arranged insurance solutions and convenient Collection solutions. No additional collateral is required.

Requirements

• Duly filled application form
• Business permit/licenses
• Copy of Business Registration certificate, Memorandum/Articles of Association
• National ID/Passport & KRA Pin
• Regulatory Approvals: NEMA, County and disposal certificates for the Exhauster , WARMA , County and Public health licenses for Water Bowser, Water service Provider, Water Resource Authority, KEBS etc.
• Resolution to borrow (for Limited Company)
• Account statement for the last 12 months (non-Co-operative Bank customers)
• Audited books of accounts for amount higher than 35M
• Proforma invoice

Install a Smart Meter, with the new CO-OP-A-MAJI loan

Are you looking to upgrade to a Smart Meter, take control of your energy usage, and save on bills? Co-operative Bank, through CO-OP-A-MAJI loan, provides up to 100 percent financing to acquire smart meters to facilitate access to water and sanitation solutions.

Requirements

• Duly filled application form
• Business permit/Licenses
• Copy of Business Registration Certificate, Memorandum/Articles of Association
• Resolution to borrow (for Limited Company)
• Account statement for the last 12 months (Non-Co-operative Bank customers)
• Audited books of accounts for amount higher than 5M
• Proforma invoice