MasterCard Foundation and Equity Group Foundation launch scholarship program
The MasterCard Foundation and the Equity Group Foundation launched a new scholarship program to provide $4.6 million in educational support to 676 Kenyan students over the next five years.
“All young people deserve an opportunity to reach their full potential”, Reeta Roy, president and CEO of the MasterCard Foundation said. “The MasterCard Foundation is proud to partner with EGF to enable students in Kenya to complete secondary school. EGF has the national scale, reach, and financial systems to ensure this program benefits young people.”
The new scholarship program will provide comprehensive scholarships to 332 academically gifted students who are financially disadvantaged. The scholarship will enable those students to complete secondary school in Kenya. The scholarship will also provide leadership development, career guidance, and mentoring to another 344 secondary students. EGF will select an equal number of male and female primary school students to participate in the scholarship program.
“The collaboration with the MasterCard Foundation affirms our commitment to transforming the socioeconomic status of talented young people and developing the next generation of leaders in Kenya”, Dr. James Mwangi, EGF chairman said. “Our hope is that other partners will look to this program as a model for transforming the lives of disadvantaged children and join us.”
