Get premium membership and access questions with answers, video lessons as well as revision papers.

Banks offering education scholarship in Kenya


Date Posted: 3/16/2013 3:26:44 AM

Posted By: ombaba  Membership Level: Gold  Total Points: 1110

In the spirit of corporate social responsibility various banks in Kenya have thrown their weight behind education through their foundations towards helping students from needy families fund their education. Among the banks offering scholarships are; KCB, Equity, Co-op and I & M.

KCB which is the largest bank in Kenya by asset base and in terms of profit through the KCB foundation gives scholarships to form one students who have passed KCPE exams with high marks. Those wishing to get the kcb foundation scholarship are advised to pick an application form from any kcb branch, an admission letter from a national or provincial school. The filled application form together with the admission letter should be taken to a designated interview centre for each district. Enquiries of the interview centres may be made at any kcb branch or mtaani agent. The scholarship covers the full four years of study.

Co-operative bank of Kenya through the co-op foundation also gives scholarships to form one students through their four year course in high school. If the student passes well in their KCSE and qualify to join university then the scholarship can be extended up to the university level. The criteria for granting of the scholarship is first the student must have gotten a minimum of 350 marks in KCPE, one or both of the parents must be associated with a co-operative society, form one admission including the fees structure, a result slip. In addition, the bank will need a brief statement indicating why a nominee or family is deemed needy and the co-operative society with which the parent(s) is or were associated with. The bank will also need any other documents (e.g. Payslip, death certificate) which may aid the process. The sponsorship is open to students joining both public and private schools so long

as the fees to be paid does not exceed kshs 50,000/- per year.

Equity bank, through the equity bank foundation and in partnership with the master card foundation are seen to be topping the charts in education sponsorship in Kenya. The bank has been able to sponsor students from form one all the way to university level and has even gone ahead to sponsor other students from Kenya who are studying in overseas universities. The bank which is the second largest in Kenya in terms asset base as well as profits, uses its wide branch network to identify needy students from across the country who have passed well in their KCPE or KCSE to determine who gets the sponsorship.

I & M bank, though not very huge like its peers, the I & M bank scholarship scheme is targeted for students taking business science courses mainly at Strathmore university. The scheme was stared in 2010 as part of the bank's CSR program. The scholarship is open to bright and needy students who have attained a minimum KCSE grade of A-(minus). Application forms for this scholarship are usually available in the local newspapers every April and May for the July intake.

Next: The Kenyan political maturity is to be congratulated.
Previous: Benefits of teaching kids financial responsibility

More Resources
Quick Links
Kenyaplex On Facebook

Kenyaplex Learning