29.9 C
Kenya
Tuesday, February 18, 2020

Hundreds of poor Form One students get Co-op Bank scholarships

Must Read

Did Suraya con Gatabakis 200 acres of land to build Fourways estate?

Suraya and Gatabaki: Real estate couple Peter Muraya and Susan Muraya, popularly known as Suraya are in the middle...

Why investing in land in Kenya is still a sure financial bet

Investing in Land in Kenya: Over the recent past, the property segment in the real estate sector has been...

Siamanta Martha: I learned the hard way after taking a big loan in my 20s

Wealth creation: Siamanta Martha Van-Labeke is the Revenue Manager at the Ole Sereni Hotel. She speaks on wealth creation...

Cooperative Bank Scholarships: The Co-operative Bank has answered the cry for help of over 600 bright but needy students who sat for their Kenya Certificate of Primary Education (KCPE) national exam last year. This is after the bank announced today that it will fully sponsor 655 students.

Cooperative Bank Scholarships
THE POWER TO READ: Congratulations students sponsored by the Co-opBank Foundation, namely (left-right) Barbara Chemutai – Bachelor of Medicine & Surgery, Emmanuel Kimemia Mwangi – BEd. Science (First Class Hons.), Wambui Margaret Kang’ang’i – Bachelor of Economics (First Class Hons.) and Carol Nita Kuyo – Bachelor of Arts, on your graduation at the 62nd University of Nairobi Graduation held on Friday 20th December 2019. Co-op Bank Foundation has provided secondary and university education scholarships to over 7,500 gifted but needy students from all regions of Kenya.

“We are pleased to announce the successful completion of the selection of beneficiaries of this year’s annual intake of 655 gifted but needy students from across the country to join the Cooperative Bank Foundation Scholarship Scheme in 2020,” said Co-op Bank‘s Group chief executive officer Gideon Muriuki.

Dr. Muriuki further noted that of the 655 new scholarships to Form One students, 420 were identified by the bank’s Regional Delegates’ Forums and the remaining 235 scholarships, at 5 per county, awarded by County Governments in all the 47 counties.

This year’s intake of 655 Form One beneficiaries stands as one of the largest secondary education scholarship schemes in Kenya today. The program is fully funded by the Bank to the tune of Sh. 155 million every year.

Co-op Bank scraps balance enquiry charges

“Our scholarship beneficiaries are selected at the grassroots level by Co-operative Societies across the country through a well-established national delegates system. Cooperative Societies, who are the face of Kenya, identify well-performing students from disadvantaged backgrounds and bring these names into a regional forum where delegates debate and select the most deserving cases. At the bank’s head office, our role is to process payments to the schools and monitor the students’ performance through the four years in secondary school,” Dr. Muriuki said.

Additionally, the bank is educating a total of 177 students, selected from the top performing beneficiaries of the secondary school scholarships, through their entire university education.

Following this year 2020 intake, the Co-operative Bank will have provided full education sponsorship to 7,640 deserving Kenyans, of whom 7,332 will have gone through secondary education and 308 university studies. The scholarships are awarded on merit to gifted but needy students from all regions of Kenya.

The bank provides full school fees scholarships for the entire four years of secondary education.  Interestingly, the bank grants an additional full scholarship for university education to the top 28 in the Form Four examination each year.

Dr. Muriuki also noted that the bank will intensify its investments in sponsoring education for the needy as way to help liberate Kenyans from poverty. “Unless corporate institutions and all people of goodwill come together to support initiatives within the education sector, gifted but needy Kenyans will never realize their full potential,” he said. “Being needy does not mean that one isn’t talented or has no potential. A large number of Kenyans holding positions of responsibility today were educated with loans from the Co-operative Movement.” The Cooperative Bank scholarships program was launched in 2007.

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

140,013FansLike
10,943FollowersFollow
7,640FollowersFollow
214SubscribersSubscribe

Latest News

Safaricom launches 0110, 0111 prefixes targeting 2 million new subscribers

Safaricom 0110 0111 Prefixes: Safaricom has today announced the introduction of SIM cards with the 0110 and 0111 prefixes...

Why investing in land in Kenya is still a sure financial bet

Investing in Land in Kenya: Over the recent past, the property segment in the real estate sector has been getting hit, with houses on...

Siamanta Martha: I learned the hard way after taking a big loan in my 20s

Wealth creation: Siamanta Martha Van-Labeke is the Revenue Manager at the Ole Sereni Hotel. She speaks on wealth creation and how to make it. Biggest...

Safaricom launches 0110, 0111 prefixes targeting 2 million new subscribers

Safaricom 0110 0111 Prefixes: Safaricom has today announced the introduction of SIM cards with the 0110 and 0111 prefixes at all Safaricom Shops and...

Credit Bank shares love through support in prevention of cervical cancer in Kenya

The 10th annual golfing tournament was hosted at Karen country club saw Credit Bank amongst other corporates take part in this great cause of...

More Articles Like This

- Advertisement -
%d bloggers like this: