Family Bank through its philanthropic arm Family Group Foundation has announced scholarships for needy and bright students joining form one in 2024.
Family Bank CEO Nancy Njau made the announcement on 4th December 2023 acknowledging that the bank has set aside Ksh 90 million shillings for the Tufuzu program.
“I am pleased to announce to the foundation under the education pillar we have scaled up the high school scholarship kitty to Ksh 90 million shillings,” stated Njau.
Likewise, the CEO noted that through the Tufuzu Elimu High School Scholarship Program, the Bank has increased the investment in high school scholarships from Ksh 60 million to Ksh 90 million.
Family Bank Scholarship for 1000 Students
Additionally, the fund according to the CEO will benefit 1000 students across 66 constituencies targeting over 350 schools.
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Furthermore, Njau highlighted Family Bank’s commitment to fostering an equitable and quality education while providing a relief to parents struggling to meet tuition needs.
“With the tough economic conditions, as a Bank, we are committed to ensure inclusive and equitable quality education for all,” said Njau.
Njau added, “This will provide relief to parents struggling to meet tuition needs and greatly contribute to the 100 per cent transition policy put in place by the Ministry of Education.”
According to the Sustainable Development Goals Report 2023, the low and lower middle-income countries face nearly USD 100 billion annual financing gap to reach their education targets.
How to Apply for the Scholarship
Interested and qualified candidates can download the application form at the Family Bank Website.
Afterwards they will proceed to fill in their information and attach required documents.
They will then be required to submit the filled documents at the nearest Family Bank Branch.
According to Family Bank CEO the awarded scholarships will cater for both tuition and upkeep for the beneficiaries and also offer soft-skills training for the students through annual workshops and bootcamp.
Also Read: China, Hungary Offers Kenyans 218 Scholarship Slots; How to Apply
Call to Private Sectors to Support Education
Meanwhile the CEO called on other private stakeholders to support Government initiatives in providing equitable education for students.
“The need to bridge this financing gap is dire and it calls for the private sector to support Government initiatives and Family Bank is committed to seeing that we can support families across the counties and grow the next crop of future leaders,” she added.
The Family Group Foundation has also invested in TVET training for young and vulnerable women in plumbing and electrical work through a partnership with USAID Tumikia and World Vision Kenya.
According to Njau this partnership seeks to train close to 1000 vulnerable women by 2025 through a KES 30 million partnership.
