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About Us

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Our Mission

Enable bright Kenyan Students to pursue their preferred studies at a Kenyan University of their choice, irrespective of gender, ethnical and financial background.

Our Vision

Strengthen the economic social and ultimately peaceful development of the Kenyan Society thanks to contribution of well educated generations.

Loan Information

Annual amount up to kes.120,000 (depending on university fee, costs of living, other means available)

Currently 13% interest rate per annum

BACKGROUND INFORMATION

  • Primary schooling is mandatory and free for all Kenyan kids up to Grade 8 (13 -15 years of age). There are about 1m pupils who sit for their final exam in grade 8 called Kenya Certificate of Primary Education (KCPE), every year. For comparison: the population in Kenya is approximately 45 million. Secondary / high school, from Grade 9 to 12, is voluntary; school fees apply and passing the finals, KCSE (Kenya Certificate of Secondary Education), with a C+ is a prerequisite to start at a university. The average number of students who sit for K.C.S.E every year is about 500,000. Approximately 70% of students that qualify for a University degree actually enroll to universities. There is a very high drop -out ration between primary school and those that finish university/college. There are several reasons for this high drop-out ratio. Sadly, less than 70% of those that gain entry to university graduate. Key of the several reasons is the inability of the students to finance their education.
  • There are NGOs that give scholarships to bright high school students who do not have the financial means to attend high school otherwise, e.g. Aiducation International, Palmhouse foundation, Kesho Organization, some banks etc.But, there are currently NO institutions (e.g. local banks, NGOs, lending groups) that provide university student loans.
  • The government provides subsidized loans (HELB) of max USD 600 p.a. to some selected top scholars (selection criteria intransparent). The number of students who receive HELB is very small; and that leaves many other students stranded, unable to finance their education. Furthermore, the HELB loan in most cases cannot cater for the full educational needs of fees, upkeep, accommodation and other school materials needed..
  • This situation drove us to find a way to help these bright, but financially restricted students to start and complete their university education, live their dreams and be a part of building the development that Kenya needs and deserves.

THE APPROACH

  • While the financial means to grant the loans initially come from Europe, the goal is to build a self-sustained Kenyan student loan organization in the mid-term, headquartered in Nairobi with a Kenyan management team and a mixed Kenyan/European Board.
  • The effort is driven by private initiative without any governmental involvement.