KCB Foundation Sets Aside Ksh 700 Million To Support Scholarships

KCB Group has set aside 700 million shillings to support the 2023 scholarship cohort through secondary and tertiary education.

Through the KCB Foundation, its social investment arm, the funds will see the lender cater for tuition fees for the four years of secondary school and tertiary level. Those in secondary schools will also get financing for uniforms, transport, set books, and regular mentorship and psychosocial support.

Today, the KCB Foundation commissioned the 2023 scholarship class which will see 1,000 students join various secondary schools across the country from next week.

The KCB program targets bright students from underprivileged backgrounds, with 100 slots allocated to Persons with Disabilities and 500 slots to girls.

Speaking during the commissioning ceremony, KCB Group Human Resource Director, Japheth Achola said: “We intentionally seek out vulnerable and marginalized learners at risk of dropping out of school completely. This includes learners facing difficulties from orphanhood, disability, or harmful cultural practices as well as gender or disability and areas with high poverty indexes.”

“Our commitment stems from our strong belief that it is every child’s right to access quality education which is a powerful tool of transformation in society. We have also incorporated a wholesome psycho-social support system to ensure the students receive mentorship and guidance, so they have relevant coping skills applicable to this dynamic fast-paced world,” added Mr. Achola while flagging off 220 students from Western and Nyanza Regions in Kisumu.

For this cohort, KCB Foundation received over 10,000 applications, making it the highest turnout since the program’s inception in 2007. The 2023 class will form the 16th cohort of the scholar’s program, including the 1,962 students currently in school. The program has so far sponsored over 4,558 students from its inception.

Beginning with last year’s class, all the high school beneficiaries who sit the KCSE examination receive 100% school-fees support in the university and tertiary scholarships.

The revamped KCB Foundation education scholarship program also includes a 3-month apprenticeship post-KCSE results at KCB branches countrywide for all the beneficiaries commencing with the 2022 class.