Co-op Bank Honors Margaret Mungai as the Pesalink winner in the current Pay and Win promotion

Cooperative Bank of Kenya has recognized Margaret Mungai for being their Pesalink winner in the current Pay and Win promotion.

The bank took to their social media pages to celebrate Margaret’s accomplishment and extend heartfelt congratulations.

“Congratulations to Margaret Mungai for being our Pesalink winner in the current Pay and Win promotion. You can access Pesalink through Mco-op Cash App, Internet Banking or *667#,’bank said in a statement posted on their social media pages.

Pesalink empowers Co-op Bank customers to seamlessly transfer funds from their accounts to any local bank account instantly, spanning from a mere Ksh 10 to a substantial Ksh 200,000.

The convenience, swiftness, and security of this platform reflect Cooperative Bank’s dedication to delivering top-notch banking services.

In a recent milestone, Cooperative Bank recently secured a substantial sum of 13.8 billion ($100m) from a consortium of esteemed financial institutions. This financial boost is intended to facilitate on-lending to Micro, Small, and Medium-sized Enterprises (MSMEs) in Kenya, showcasing the bank’s commitment to uplifting businesses and supporting economic growth.

Group Chief Executive Officer of Cooperative Bank, Dr. Gideon Muriuki, expressed gratitude for the support provided by the consortium led by DEG. The full disbursement of the facility marks a significant milestone, especially as Cooperative Bank embraces digitization with the implementation of a robust core banking system.

Dr. Muriuki emphasized, “The funding by DEG and the Consortium is most timely in view of the great need to better support our business customers. In addition, the long-term tenure of the facility has significantly boosted the bank’s ability to offer solutions that are better structured to fulfill the long-term financing needs of MSMEs.”

The consortium involved in this financial initiative includes prestigious institutions such as The Africa Agriculture and Trade Investment Fund (AATIF), Micro Small Medium Enterprises Bonds (MSMEB), and European Development Finance Institutions comprising Finnfund, Norfund, and the co-financing facility European Financing Partners (EFP).