Coop bank rolls out Sh150m scholarship for 655 students
By Noel Wandera
Co-operative Bank has picked 655 talented but needy students for the 2020 Co-operative Bank Foundation scholarship scheme.
At Sh155 million, this year’s intake stands out as one of the largest secondary education scholarship schemes in the country.
The bank’s Group Managing Director and CEO Gideon Muriuki said of the 655 new scholarships to Form One students, 420 were identified by the bank’s regional representatives and the remaining 235 scholarships awarded by County Governments in all the 47 counties at five per county.
Commenting further on this programme, Dr. Gideon Muriuki said: "Our scholarship beneficiaries are selected at the grassroots level by Co-operative Societies across the country through a well-established national delegates system. Co-operative 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.”
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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.
The top 28 in the Form Four examination each year are granted an additional full scholarship for their university education,” Dr. Muriuki added.
The lender is also educating 177 students, selected from the top-performing beneficiaries of the secondary school scholarships, through their entire university education.
With this injection, Co-operative Bank will cumulatively have provided full education sponsorship to 7,640 deserving Kenyans, of whom 7,332 will have gone through secondary education and 308 university studies.