Coop kwa Jirani - The Agency Banking Service of Co-op Bank
What is Co-op Kwa Jirani?
Co-op Kwa Jirani is a service of Co-operative Bank of Kenya. Co-op Kwa Jirani will enable
customers to do all banking transactions through an agent appointed by the Co-operative Bank.
Co-operative Bank's Agency banking will mostly entail cash deposit taking, cash withdrawals,
school fees payments, utility payments, balance enquiry, mini-statements and other Banking
services. One will need to have an account with Co-operative Bank to work as an agent.
Minimum balance of an agent will be determined by one's appraisal forwarded to the Cooperative
Who can use Co-op Kwa Jirani?
All customers, non-customers, saccolink members, co-operatives, MCU Customers. SME
Customers and corporate.
What do I need to be an agent?
The first thing is you should have an account with Co-operative Bank. If one already has an
account he or she should visit any Co-op bank Branch and apply. One also needs the following
documentation for application:
- Certificate of good conduct.
- Financial Status for last two years.
- Financial turn-over.
- Business Permits last 18 months
- Current business permit
- Certificate of registration
- Copy of ID's or Equivalent.
- Two passport size photo graphs.
- Business Owners/Directors CV.
- CBK Form 3- by Commissioner of Oaths.
- CBK Form 4
The applicable fees to facilitate approval are:
- CBK application fee -Kshs.1,000
- POS Lease fees -shs.5,000
- Float placement- Determined by customer Limit which is arrived at during appraisal.
Who can be an agent?
Limited liability companies.
Services that will be offered by Co-op Kwa Jirani:
Cash withdrawals Ksh. 50
*Cash deposits Ksh. 20
School fees payment Ksh. 50
Balance inquiry Ksh. 10
Mini statement Ksh. 20
Utility payments Ksh. 50
Loan application free
*Cash deposit will be charged Ksh.20/= for every Ksh.20,000/= deposited
How secure is Co-op kwa jirani?
The Bank uses security provided by robust authentication software and enterprise firewalls along
with full 128bit Secure Socket Layer (SSL) encryption. All transactions made will be monitored
by our upgraded software systems.
Is there a limit on how much I can transact with the Agent?
This will depend on transaction carried out by the Customer:
Cash deposit – No limit
Cash withdrawals – Kshs. 20,000
School fees payments – No limit.
NEMA WANTS HERBALISTS TO PAY KSHS. 50,000 ANNUALLY
Kenya is required to have the internationall recommended 10% forest cover but currently has less than 3% forest cover. To attain the 10% forest cover, it will take us 50 years if we started to plant 1000 trees per person per year. Many are concerned about this trend, and are contemplating sustainable methods to reverse this trend.
National Environment Management Authority is processing legal and regulatory framework to protect our biodiversity. according to relable sources, herbalists in Kenya will be required to pay a Kshs. 50,000 license fee.
This move has solicited different views from key stakeholders. Herbalists feel that this is a way of killing their only way of eking out a living; they are already disadvantaged through lack of Government support and marginalisation by national healthcare system despite the fact that they are caring for 80% of Kenya's national healthcare needs. Conservationists blame depletion of biodiversity to commercial timber and fuel wood industry, ecologists attribute this to climate change, while economists blame poverty and population dynamics for decreased biodiversity.
What are your views? Please let us get your views through Twitter, conservation @tasaccoltd.com, Skype using skype id: tasaccoltd.tasaccoltd