Cooperative bank of Kenya has been on the leading side when it comes to matters education. The bank which is among the top lenders has initiated a scholarship programme across the country which several students have benefited from.
Co-op Bank spends about Sh155 million every year on the scholarship programme that aims to give gifted but needy students an opportunity to advance their education.
Of the 655 new scholarships to Form One students, 420 were identified by the bank’s regional delegates’ forums and the remaining 235 awarded at five per county in all the 47 counties, said Co-operative Bank Group Managing Director Gideon Muriuki (pictured).
“Our scholarship beneficiaries are selected at the grassroots level by co-operative societies across the country through a well-established national delegates system,” said Mr Muriuki.
“At the bank’s head office, our role is to process payments to the schools and monitor the students’ performance. The top 28 in the Form Four examination each year are granted an additional full scholarship for their university education.”
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.
“Unless corporate institutions and all people of goodwill come together to support initiatives within the education sector, gifted but needy Kenyans will never realise their full potential,” said Muriuki.