Strathmore University has partnered with I&M Bank Limited through its Foundation to provide scholarships to 15 bright but needy students who gain admission to degree programmes in Law, Commerce, Financial Engineering, Financial Economics, Actuarial Science, Informatics and Computer Science & Communications. The scholarship programme will benefit scholars who attained a Grade of B plus and above in their Kenya Certificate of Secondary Education (KCSE) exams and have received admission to Strathmore University.

Set up in 2010

The I&M Bank Scholarship Fund with Strathmore University was set up in 2010 with 10 students in the first cohort. So far, 20 scholars have benefited from this partnership. The fund was set up to create more opportunities at the Strathmore Institute of Mathematics and Sciences, to offer degree programs in Actuarial Sciences, Finance and Financial Economics geared towards building capacity in the financial sector.

The scholarship fund will comprise of tuition and accommodation fees totaling to over Kshs. 29 million. Over and above the scholarships, the Foundation will provide internships at the Bank through the Management Trainee programme. The Bank’s staff members will in addition provide peer to peer mentorship programmes for the scholarship’s beneficiaries.

Common good above personal good

Speaking at the launch, Dr. Vincent Ogutu, Vice Chancellor Designate at Strathmore said, “For this year’s theme, the University is spearheading one of its most cherished values since its inception; ethical practice. We’re calling it the year of “Ethical Behavior: Do good, Be more, Fight Corruption. We will ensure that the 15 scholars not only get a well-rounded education, but will also be inculcated with values of the pursuit of common good above personal good, and service above material wealth.”

I&M Bank Foundation’s Chairman Mr. Suresh B.R. Shah noted, “We are proud to note that beneficiaries of this scholarship fund have continued to make significant impact in society and have ventured into various careers spanning from academia, actuarial science, banking, public relations, audit, journalism, risk management and entrepreneurship. I believe that this young academically gifted cohort of the 2020 beneficiaries will be empowered to be transformative leaders; through the scholarship programme allowing them to also impact the society in one way or another at an individual level.”

Service-based scholarship

The scholarship fund has been conceptualized with sustainability, impact and academic excellence in mind. The scholarship aims to nurture innovation skills, leadership skills and a great sense of giving back to the community. To this end, the scholarship beneficiaries will identify a community initiative/project that they will work on over a period of four years.

The I&M Bank Scholarship Fund for Strathmore University follows a rigorous selection process that includes admission to Strathmore University, interviews for guardians, parents and beneficiaries and home visits to ascertain that these students meet the criteria. Interested applicants for the I&M Bank Foundation scholarships are encouraged to apply here.

 

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