Co-operative Bank of Kenya has extended KShs 110 million in debt financing to Eboss Investments Company to fund the construction of Seven Oaks School, a new British-curriculum institution in the growing Brookview Membley in Ruiru.
- •The school is designed to be the educational anchor of the 143-unit mixed-use development, which also includes residential housing, a commercial hub, and recreational amenities.
- •Construction began following a groundbreaking ceremony that marked the start of Phase 4 of the project.
- •Under the financing package, Co-op Bank has provided an KShs 80 million mortgage facility for the school’s construction, while an additional KShs 30 million revolving term loan will support fit-outs and finishing works for housing units already under development.
Vincent Kihara, Head of Mortgage Finance at Co-operative Bank, said the bank’s backing reflects confidence in the project’s track record.
“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 said. “It’s a model that ensures sustainable delivery while matching financing to real progress on the ground. We continuously want to stamp our support towards youth-led developments.”
The revolving loan structure is tailored to the project’s phased delivery model, helping Eboss accelerate timelines and meet rising demand in Ruiru’s competitive property market.
Geoffrey Gitaka, Director at Eboss Investments, described the partnership with Co-op Bank as pivotal to turning their vision into reality.
“Co-operative Bank has walked with us from the beginning- they sat down with us, analyzed our vision, and recognized that we had something solid,” he said. “This partnership has grown beyond financing; we’ve opened up new conversations and see a future where their clients are our clients. For us, this is more than just a loan- it’s a strong partnership for the long journey ahead.”
Co-op Bank, listed on the Nairobi Securities Exchange since 2008, is among the largest financial institutions in the region. It operates 212 branches in Kenya, five in South Sudan, more than 600 ATMs and CDMs, and over 15,000 Co-op Kwa Jirani agency outlets across the country.
Since 2018, Eboss Investments has delivered Phases 1-3 of the Brookview Membley project using a mix of family resources and buyers’ deposits. Phase 3 involves 20 four-bedroom, all-ensuite townhouses with DSQs, ranging in size from 250 to 330 sqm and priced between KShs 33 million and KShs 35 million.
