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Originally published by The Standard Business
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October 5, 2025
4h ago

Co-op Bank wins global award for SME product innovation

Co-op Bank wins global award for SME product innovation

Co-operative Bank of Kenya has been recognised for its pioneering work in small business finance, winning the “Product Innovation of the Year (Africa)” award at the Global SME Finance Awards 2025...

✨ Key Highlights

Co-operative Bank of Kenya (Co-op Bank) has won the “Product Innovation of the Year (Africa)” award at the Global SME Finance Awards 2025 for its innovative approach to supporting Micro, Small, and Medium-sized Enterprises (MSMEs). The award, hosted by the International Finance Corporation (IFC) and the SME Finance Forum, recognized the bank's strategy that creates a digital and financial ecosystem for small businesses.

  • In 2024, the bank disbursed $594 million (Sh77 billion) in digital credit through its M-Coop Cash mobile platform.
  • Co-op Bank has engaged over 235,000 MSMEs across Kenya through tiered service packages and educational clinics.
  • The bank's strategy includes a focus on women-led businesses through a partnership with the Africa Guarantee Fund, providing credit guarantees of up to 75 percent.

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