The top boy and girl in the 2010 KCSE in every district that Equity Bank operates will benefit from the Bank’s internship programme, meant to nurture and develop them to become future transformational leaders.
To date, 1,050 students have benefitted from this program since its inception in 1998.The students get the rare chance for internship with Equity Bank before proceeding to university for studies.
This year, Equity Bank will spend Ksh 180 million towards the programme at a cost of Ksh 720,000 on each of the 250 students, which will support their university education and upkeep.
The launch of this year’s program by Equity Bank is momentous as it comes hot on the heels of the launch of the Wings To Fly scholarship fund, a nine year joint initiative between the Equity Group Foundation and The MasterCard Foundation to assist disadvantaged, but academically gifted Kenyan students pursue secondary school education.
The Kshs.4 billion partnership covers tuition, books, uniforms and pocket money and shopping for 5,600 students who could not have proceeded to secondary school. This year, 1200 children received their scholarships and 400 of them joined national schools.
Speaking at the launch of this year’s program, Dr James Mwangi, the Equity Bank Managing Director and CEO said: “The achievement of quality education for Kenyan students should no longer be seen as an end in itself.├é┬áEducation should be holistic, imparting students with the right skills, values and mindset aimed at making them responsible and accountable citizens of this country” He added: “The ultimate aim of the Equity University sponsorship, leadership and mentorship programme is to nurture and create social transformational leaders who will act as change agents from the grassroots to the national level,” Dr Mwangi, who is also the chairman of Kenya’s economic blueprint Vision 2030 Delivery Board said the├é┬áprogram was one among the several interventions that the Bank had come up with to compliment the government’s efforts in its crusade to enhance development of skills that are relevant to the growth of the economy and achievement of Kenya’s Vision 2030.
Dr Mwangi said the Equity Group Foundation would also assist the beneficiaries apply for scholarships in “Ivy League” institutions like Harvard, Yale, Princeton, Columbia and Stanford. Already, 10 of the beneficiaries of last year├óÔé¼Ôäós program have joined Harvard, Yale, MIT and London School of Economics. An additional four scholars have received admissions to Amherst College, Cornell University, University of Pennsylvania and Williams College in the US while one won the President’s UK scholarship Award tenable in several top UK universities.
Upon completing their university education, the scholars have an opportunity to join the Bank for permanent employment where they get a chance to utilize their skills and knowledge. The scholars are trained in not only all aspects of the banking which will form their major preoccupation, but also on other aspects like leadership, interpersonal skills, mentorship, communication and work ethics.
About Equity Group Foundation
Equity Bank Group Foundation was established by Equity Bank to create the financial and operational infrastructure for social program aimed at low income population. This innovation and creative vehicle has fully transformed the concept of philanthropy and corporate social responsibility.
While Equity Group Foundation champions the socio economic transformation of the people of Africa and seeks partnership along 6 cluster thematic areas, Equity Bank provides the infrastructure of delivery hence reducing the operational cost of the Foundation and increasing the rate of return on any social investment.
The Equity Group Foundation has now 5,600 scholarships for secondary education, 1,050 scholarships for university education and has been instrumental in financial literacy and agricultural transformation under the green revolution for Africa under its Kilimo Biashara initiative in partnership with AGRA, GOK, IFAD. The Foundation focuses on six key social thematic areas of education and leadership development, financial literacy and access, entrepreneurship, agriculture, health, innovation and├é┬áenvironmental protection.
Fore more information please visit www.equitybank.co.ke
About Equity Bank
Equity Bank commenced business on registration in 1984. It has evolved from a Building Society, a Microfinance Institution, to now the all-inclusive Nairobi Stock Exchange and Uganda Securities Exchange public listed Commercial Bank. With over 5.9 million accounts, accounting for over 57% of all bank accounts in Kenya, Equity Bank is the largest bank in the region in terms of customer base and operates in Uganda and South Sudan.