Home News Co-op Bank Supports Youth Developers with KES 110M for Ruiru School Project

Co-op Bank Supports Youth Developers with KES 110M for Ruiru School Project

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Co-op Bank Supports Youth Developers with KES 110M for Ruiru School Project

Co-operative Bank of Kenya has extended a KES 110 million financing package to Eboss Investments Company to support the development of Seven Oaks School, a new British-curriculum institution in Ruiru that is set to serve hundreds of families.

The school will be the centerpiece of the 143 Brookview Membley community a mixed-use gated development that combines residential housing, commercial spaces, recreational facilities, and social amenities.

The funding includes a KES 80 million mortgage facility for constructing the school and a KES 30 million revolving term loan to support the project’s phased growth.

Groundbreaking for Seven Oaks School marked the beginning of Phase 4 of the development. Eboss has already completed Phases 1–3, which included residential units, using family resources and buyers’ deposits. Their proven track record helped secure the Co-op Bank financing.

Vincent Kihara, Head of Mortgage Finance at Co-operative Bank, said the decision to back Eboss was based on the company’s ability to deliver.

“Our financing approach follows the project’s natural growth. Once Eboss proved their ability to deliver in earlier phases, we structured support for the school phase through a mortgage facility,” he explained.

He added that the bank remains committed to supporting youth-led developments by matching financing to real progress on the ground.

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Geoffrey Gitaka, Director at Eboss Investments Company Ltd (center in blue hard hat), and Vincent Kihara, Head of Mortgage Finance at Co-operative Bank of Kenya (second from left), join other dignitaries during ribbon-cutting

Phase 3 of the project features 20 four-bedroom, all-ensuite townhouses with DSQs, ranging in size from 250 to 330 square meters and priced between KES 33 million and KES 35 million.

The KES 30 million revolving term loan will help complete finishing works on these homes, speeding up delivery for buyers.

Eboss Investments Director Geoffrey Gitaka said Co-op Bank has played a critical role in turning their vision into reality.

“Co-operative Bank has walked with us from the beginning they analyzed our vision and believed in it. This partnership has grown beyond financing; we now see a future where their clients are our clients,” he said.

Once completed, the Brookview Membley project will deliver 100 housing units, a school, commercial hub, jogging tracks, children’s play areas, green spaces, and 24-hour security creating a modern, self-contained community.

The Seven Oaks School will serve as the educational anchor, giving families convenience and adding value to the entire development.

Read Also: Co-operative Bank Supports Naivasha Horticultural Fair with Three-Year Sponsorship

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