Co-operative Bank of Kenya has extended KES 110 million to Eboss Investments Company to support the development of Seven Oaks School, a new British-curriculum institution in Ruiru that will serve hundreds of families.
The school forms the anchor of a mixed-use gated community that integrates residential housing, commercial spaces, recreational amenities, and other social infrastructure.
The financing package combines a KES 80 million mortgage facility, dedicated to constructing the school, and a KES 30 million revolving term loan tailored to the project’s phased development model.
The partnership entered a new phase with the groundbreaking of the Seven Oaks School, the educational anchor for the development, marking the start of Phase 4.
Vincent Kihara, Head of Mortgage Finance at Co-operative Bank of Kenya says the lender’s decision to back Eboss was informed by a rigorous assessment of both the project and the team behind it.
“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,” he added.
Eboss Investments has successfully delivered Phases 1–3 of the project since 2018 using a combination of family resources and buyers’ deposits, a track record that played a central role in securing bank financing for the next stages.
Phase 3 involves the construction of 20 four-bedroom, all-ensuite townhouses with DSQs, ranging in size from 250 to 330 sqm and priced between KES 33 million and KES 35 million.