The Bank in partnership with International Finance Corporation (IFC) has in the last three years been conducting a research work to clearly understand the Micro, Small and Medium enterprises (MSMEs). Consequently, the bank developed new solutions that not only meet their needs but also help them align with the existing and emerging opportunities.
The new Co-op Bank MSME solutions have enabled the bank to address the following needs which support Entrepreneurs manage and also grow their businesses. The solutions include, MSME Account Packages (Bronze, Silver & Gold), mobile loans, unsecured & secured loans/overdrafts, Supply chain financing, Insurance solutions, payment solutions and Non-Financial services (Training, networking and International exposures).
A) 2019 SUSTAINABLEFINANCE CATALYST AWARDS
1. Overall best bank
2. Best in sustainable financing small & medium enterprises ,case study Number one.
3. Best sustainable finance informal sector case study- 1st runners up.
4. Best sustainable finance most innovative bank- 2nd Runners up.
B) GLOAL SME FINANCE FORUM, AMSTERDAM
5. Global SME finance Awards 2019- Product innovation of the year(Honorable mention).