MoneyGram & Co-op Bank Collaborate to Provide Education Scholarship
350 students to benefit from 5 million shillings donation
Nairobi (April 19, 2016) A mentorship program facilitated by Co-operative Bank of Kenya Foundation and sponsored by the MoneyGram Foundation will benefit 350 underprivileged high school students countrywide. This program is expected to boost the students' academic performance, help them make better career choices, and give them the skills to succeed in university and beyond. The program will be launched in countrywide workshops this month.
The mentorship program funded by the MoneyGram Foundation through a grant of five million Kenya shillings will be facilitated by Kenyan entrepreneurs, university students and social workers throughout this week. The week-long workshops will be held in seven regions around the country, and will target form three students from each region. The 350 students have been selected based on performance. They are the top performers in the current scholarship program run by the Co-op Bank Foundation.
"I would like to thank the Co-op Bank Foundation and the MoneyGram Foundation for their generosity. Investing in future entrepreneurs, doctors, lawyers, journalists, marketers, captains of industry - and anything else that we endeavor to become - will go a long way in not only helping our families and communities, but also creating a more prosperous nation. We look forward to putting into practice all that we will learn in these workshops. We also promise to make you proud," said Salome Kagumu, Kenya High School student.
Currently the Co-op Foundation has reached over 3000 students by paying school fees in secondary schools across Kenya. The Co-op Foundation has also reached an additional 140 students in various universities. The Co-operative Bank of Kenya has allocated over Ksh 600 million from the banks' profits towards increasing access to good education for needy children since 2007.
"The MoneyGram Foundation believes that education is at the heart of better economic opportunities, healthier families, and individual freedom and empowerment. That is why we are supporting the Co-operative Bank's mentorship program. We are proud and honored to help improve the quality of education for so many children across Kenya," said Jacqueline Lowe, President of the MoneyGram Foundation. We are inspired by our customers who are driven to create new and better opportunities for themselves and their families."
"At the Co-operative Bank Foundation, we believe that education is a potent catalyst that can change an individual, a society, a country and a generation. Education not only empowers the mind but it also gives you the key to unlock the golden door of freedom. Freedom to become whatever you wish to be, freedom to dream, freedom from poverty and the freedom to create opportunities for yourself and many others. This is why we at the foundation take our work seriously and we thank the MoneyGram Foundation for their generous grant that will go a long way in impacting the lives of 350 underprivileged students," said Gideon Muriuki, Group Managing Director & CEO, Co-operative Bank of Kenya.