MoneyGram and Co-operative Bank of Kenya on Tuesday launched a joint collaboration in a bid to provide educational scholarships to bright and needy students in Kenya.
The Nairobi-based launch involved a two-week mentorship program that will be facilitated by the Co-operative Bank of Kenya foundation and fully sponsored by the MoneyGram foundation.
The just launched educational initiative seeks to hopefully benefit over three hundred and fifty bright and underprivileged high school students across the country.
Speaking during the programme launch, Jacqueline Lowe, the president of the MoneyGram foundation said the program is targeted at boosting the students’ social skills and academic performance, a move that will enable them to inform career choices by offering them with skills to succeed in university and life beyond.
The MoneyGram Foundation offered a grant of sh5 billion to the mentorship program that will be facilitated by successful Kenyan entrepreneurs, local university students and skilled social workers from across the country.
The week-long motivational workshops shall be held in seven regions distributed around the country, and highly targets form three students from each of the regions. The more than 350 students attending the workshops were selected based on merit.
One of the Kenya High School students, Salome Kagumu present during the launch, expressed her heartfelt gratitude to the two financial institutions for their good will. She said that she would like to pursue photojournalism once she is through with her secondary school studies.
To date, the Co-op Bank Foundation has paid school fees for over 3,000 students in secondary schools across Kenya. In addition to this, the foundation has also supported over 140 students in various local universities.