Co-op Bank Backs Youth-Led Ruiru Development with KES 110 Million School Financing

Co-operative Bank of Kenya has extended KES 110 million in financing to Eboss Investments Company to support the construction of Seven Oaks School, a British-curriculum institution that will anchor a new mixed-use development in Ruiru, northeast of Nairobi.

The funding package includes an KES 80 million mortgage facility for the school’s construction and a KES 30 million revolving term loan to accelerate fit-outs and finishing works for residential units within the 143 Brookview Membley project. The development, which broke ground on its fourth phase this week, aims to deliver 100 housing units, a commercial hub, recreational amenities, and social infrastructure in one of Ruiru’s fastest-growing neighborhoods.

Eboss Investments, a youth-led firm, has completed three prior phases of the project since 2018 using a mix of family capital and buyer deposits. Its track record was key to securing bank support for the school phase, according to Vincent Kihara, Co-op Bank’s Head of Mortgage Finance.

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

The Seven Oaks School is expected to serve hundreds of families and enhance the value proposition of the gated community. The townhouses in Phase 3 range from 250 to 330 square meters and are priced between KES 33 million and KES 35 million.

Geoffrey Gitaka, Director at Eboss Investments, said the partnership with Co-op Bank has evolved beyond financing. “They sat down with us, analyzed our vision, and recognized that we had something solid,” he said. “This is more than just a loan — it’s a strong partnership for the long journey ahead.”

The Brookview Membley development reflects growing investor interest in integrated urban communities that combine housing, education, and lifestyle amenities in satellite towns around Nairobi.