We believe that our role goes beyond profit-making to include promoting the long-term economic prosperity and quality of life for everyone in our communities. If our people prosper, we also proper as a bank.
In the year 2007 Co-operative Bank of Kenya Limited successfully rolled out Education program to pay school fees for needy secondary school students. In 2011 the foundation also launched the university and vocational internship program.
To be the national drive behind a significant impact and sustainable development to communities in Kenya.
To add value to the communities where we operate through partnerships, enhancing their lives and leaving them better equipped to succeed.
Education and Training
Inequality in education opportunities continues to represent a major barrier to the realization of people potentials in a country.Good education is critical to improve income, employment and enterprise opportunities. For girls, education makes a difference to employment opportunities, marriage age, health and their capacity to make better decisions about their lives and those of their children. Poverty prevents literally many people from enjoying the advantage of formal schooling at every level in the educational system. Despite the fact that education is compulsory and free through primary school and subsided in secondary school, the children especially those from disadvantage backgrounds continue to miss out in secondary school education due to financial or academic problems and many opt out of secondary education altogether, which often occurs during the transition from primary school to secondary schoolKenya has made some progress over the past few decades in making higher education more accessible, however disparities still persist in student access to colleges and universities. These disparities limit the workforce opportunities, democratic participation and life chances of poor needy students. Co-op foundation is contributing toward this end by supporting the government increase access to education for the young people both at secondary school and university level.
The scholarship program is currently focusing on 4 areas as per the table below.
Secondary school sponsorship:
The secondary scholarship program was initiated in the year 2007 and has grown from an initial sponsorship of 30 students per region, to 60 students per region and 5 students per county for the 47 counties in Kenya . A total of 655 students per year from 2014.
In the year 2011, the bank rolled out the University scholarship and vocational internship program targeting 28 students each year that excelled in the Kenya Certificate of Secondary Education examination. The scholarship is renewable for up to 4-5 years of undergraduate study depending with the course. 84 students are currently receiving this scholarship at a public or private university in Kenya approved by the Commission of Higher Education. The university scholarship covers tuition, accommodation and meals
The vocational internship program was also rolled out to expose the pre-university and the university students to a real life job situation and hands-on industry training. As interns, they get exposed to the banking industry and participate as members of the workforce of one of the country’s most recognized bank. The bank has also committed, on a best endeavor basis, to recruit from this pool in the event that any of them is interested in pursuing a career in banking.
The Kenya, government currently provides free primary education through to class 8 and a subsidy for those in secondary school. However, countless bright, eager students in rural areas long for a chance to learn more. To continue their education students have to work very hard to pass a rigorous national examination. Even if they pass, most are unable to attend high school for lack of fees and are likely to live in abject poverty and can barely afford the basics to sustain life. Without financial help, even the best and brightest are doomed to languish in hopelessness.
Co-op foundation has been supporting the government to increase access to education for the young people both at secondary school and university level. The sponsorship provides children with the tools and knowledge to help make improvements to their lives.
Co-op foundation sponsorship program supports secondary school thus helping families and their children fulfill their dreams and have a future. For $1,165 per year for 4 years, a high school sponsorship provides support to a needy qualified and carefully selected students with full tuition and boarding fee. The support also covers the costs of school uniform, books and stationary.
i) Secondary school students
Mentoring workshops are designed to provide our high school scholars in with essential psychosocial support to boost their academic performance and ensure that they possess the skills to succeed in university and beyond. We invite outstanding Kenyan entrepreneurs, university students and counselors to lead these workshops in a way that is both culturally relevant and fun for our students. Co-op foundation encourages students to think critically and to take ownership of their own education and personal development in high school and beyond through 7 regional mentoring workshops.
You can sponsor one regional workshop for $13,920 and this will enable 50 students to attend the workshop for free and provide transport, room & board, meals and supplies for the 5-day workshop.
ii) Pre - University students
The period between the end of high school and the beginning of university is typically along one sometimes extending to one year for some universities in Kenya. This is an extremely risky period in which many former students become pregnant, addicted to drugs or engage in criminal activity – all of which ruin their chances of continuing their education.
To address these challenges the foundation organizes a week long workshop for pre university students to learn about careers options, educational opportunities and entrepreneurship skills.
You can sponsor a pre- university mentorship workshop for only $13,941 for a 6 days long workshop normally held in Nairobi. This will enable 28 pre university students attend the workshop for free and provide transport, room & board, meals and supplies for the 6 days long workshop.
The foundation interventions have made many students to have the opportunity to access secondary and university education. The foundation will continue to working and supporting the government both at the national and county level to support education access for the disadvantaged populations.