Family Bank invests Sh52m in its mentorship programme

Family Bank, through the Family Group Foundation, has invested millions of shillings to benefit bright but needy students countrywide.

This year alone, 100 students drawn from the 47 counties have not only been issued with their four-year scholarships but will also benefit from a mentorship programme.

The programme was launched on Tuesday by Education Cabinet Secretary Fred Matiang’i. This year alone, the bank and its sister companies – Kenya Orient Insurance and Daykio plantations - will spend Sh52.6 million to roll out the education scholarship programme countrywide.

“Today we have officially launched our scholarship and mentorship programme for this year to support 100 students who have joined secondary schools in all the 47 counties and to celebrate the first cohort of 37 students who performed extremely well in the 2015 KCSE,” said the bank’s managing director Peter Munyiri.

Every year, two students are picked from each of the 47 counties as part of “our vision to transform the Kenyan family positively for the African renaissance’’, says Foundation’s Manager Jaki Mathaga. A World Bank study confirms financing mechanisms such as scholarships are key to retaining youth in secondary schools – ensuring they are empowered enough to cope with the next phase of life.