Nairobi, Kenya – October 8, 2025 – Co-operative Bank of Kenya has announced an expanded suite of financial solutions for Kenya’s teaching fraternity, following its sponsorship of the 2025 World Teachers Day celebrations at Moi, Kasarani Gymnasium, where over 800 education leaders and top performing teachers gathered.
The announcement came as the bank revealed that its teacher loan portfolio has doubled over the past five years, positioning Co-operative Bank as the leading financial partner to Kenya’s over 400,000-strong teaching workforce.
Speaking at the celebrations themed “Empowering Teachers, Building the Future” Co operative Bank’s Group Managing Director and CEO, Dr. Gideon Muriuki, unveiled three major initiatives aimed at addressing teachers most pressing financial needs.
“Teachers have told us they need faster access to emergency funds, better tools to manage school fees for their own children, and stronger financial planning support. We’re delivering on all three fronts,” he said.
The new teacher-focused package includes preferential personal loan products with flexible repayment terms; an instant salary advance feature on the bank’s MCo-opCash mobile app, which eliminates traditional waiting periods for emergency funds; savings solutions for children through Jumbo Junior accounts; and a nationwide rollout of financial wellness clinics designed to help educators build long-term wealth and retirement security.
The digital innovation on MCo-opCash addresses a critical pain point for teachers who often face unexpected expenses mid-month. The instant advance feature allows TSC teachers to access a portion of their salary within minutes through their mobile phones, without lengthy paperwork or branch visits, while also streamlining school fee payments for their own children’s education through digital platforms.
Co-op Bank’s commitment to education extends well beyond individual teachers. Through its partnership with the Ministry of Education, the bank manages critical capitation accounts including the Kenya Primary Education Equity in Learning (KPEEL) and Junior Secondary School (JSS) programs, while financing essential school infrastructure from bus acquisition and clean energy installations to water provision projects.
The bank’s longstanding Memorandum of Understanding with TSC facilitates seamless salary processing and check-off loan facilities for teachers nationwide, complemented by specialized school account packages and cash management solutions for schools and learners. The bank also provides financial literacy and leadership training during induction workshops for newly recruited educators.
He noted that the human impact of this commitment is best illustrated by the Co-operative Bank Foundation’s scholarship program, which has supported more than 11,600 students from disadvantaged backgrounds since inception. This year alone, the Foundation awarded 655 new scholarships to Form One students, covering tuition, uniforms and upkeep costs.
“Our vision is to walk alongside teachers in every stage of their journey as professionals, parents, and community leaders’, Dr. Muriuki emphasized. When we empower teachers, we empower the generations they nurture. Supporting them is not just good business; it is an investment in Kenya’s future.”
The World Teachers Day event, jointly hosted by TSC and the Ministry of Education, recognized outstanding teachers and promoted teacher-led innovations while enhancing public awareness of the profession’s critical role in national development.
