As schools in Kenya prepare to reopen for second term on April 28, many parents are facing the usual challenge of paying school fees—especially after the Easter holidays which always stretch families’ resources.

To ease this burden for parents, Co-operative Bank of Kenya has introduced a flexible school fees loan through its MCo-opCash platform. Eligible customers can now access up to KSh 1 million instantly without paperwork, guarantors or collateral.

Who Is Eligible?

To qualify for the Co-op Bank school fees loan, you must:

  • Have a salary or business account with Co-operative Bank.

  • Be registered for the MCo-opCash mobile banking service.

  • Have an active account with a consistent transaction history.

Loan Highlights

  • Loan Limit: Up to KSh 1,000,000.

  • Processing Time: Instant—no forms, no calls, no security needed.

  • Disbursement: Funds are sent directly to your MCo-opCash wallet.

  • Payment: School fees can be paid directly from the wallet—no need to withdraw cash.

How to Apply for the MCo-opCash School Fees Loan

  1. Dial *667# or open the MCo-opCash app (available on Google Play or App Store).

  2. Log in using your MCo-opCash PIN.

  3. Select E-Loans.

  4. Tap on Check Limit to view the maximum amount you can borrow.

  5. Click on Apply Loan and follow the prompts.

  6. Once approved, the funds will be deposited into your MCo-opCash wallet (account number is your phone number plus the digit ‘1’ at the end).

How to Pay School Fees on MCo-opCash

After receiving the funds, you can pay school fees directly without withdrawing:

  1. Dial *667# or open the MCo-opCash app.

  2. Log in using your PIN.

  3. Select Send Money.

  4. Choose Co-op Account > Other Co-op Accounts.

  5. Select the account to transfer from (MCo-opCash wallet or linked account).6. Enter the beneficiary’s account number (usually the school’s Co-op Bank account).

  6. Enter the amount.

  7. If using the app, enter the reason for payment (e.g., student number).

  8. Confirm the transaction.

You will receive a confirmation SMS once the payment is successful.

Conclusion

Co-op Bank’s KSh 1 million unsecured loan is a lifesaver for parents looking for quick and reliable school fees support. It’s a completely digital process for salaried and business customers to keep their children’s education on track.