NAIROBI, Kenya, Jan 24 – Co-operative Bank has selected 655 gifted but needy students from across the country to join the Co-operative Bank Foundation Scholarship Scheme in 2018.
This year’s intake of 655 Form One beneficiaries stands as the largest secondary education scholarship scheme in Kenya.
The bank’s Group Managing Director and CEO Gideon Muriuki, says this intake brings to 5,800 beneficiaries since the scheme started in 2007.
The Bank provides full school fees scholarships for the entire four years of secondary education while university scholarships are awarded to the best-performing students from each region.
“Our scholarship beneficiaries are selected at the grassroots level by Co-operative Societies across the country through a well-established national delegates system. The societies identify well-performing students from disadvantaged backgrounds and bring these names into a regional forum where delegates debate and select the most deserving cases. Our role is to process payments to the schools and monitor the students’ performance through the four years in secondary school. The top 28 in the Form Four examination each year are granted an additional full scholarship for their university education,” Muriuki added.
Muriuki has urged more corporate institutions and people of goodwill to support initiatives within the education sector.
“Being poor does not mean that one isn’t bright or has no potential. A large number of Kenyans holding positions of responsibility today were educated with loans from the Co-operative Movement,” he noted.