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Foundation Scholarship Program

One in five children around the world – 100 to 125 million children worldwide – is not enrolled in primary school. Studies show that there is a strong correlation between education and economic growth in developing countries. However, every year a large number of students in rural areas are unable to pursue higher education due to financial constraint. To address this persistent problem, Education Scholarship program supports the education of many meritorious poor children of both borrowers and non-borrowers in rural areas by providing for tuition, books, uniforms and other related educational expenses.
One program that the supports is the a non-profit organization founded . This program’s innovative approach has provided more than 2,100 scholarships from elementary to university level for poor rural children. To date, has sponsored 250 of the scholarships, each valued at $1,500. The $1,500 scholarship fund is deposited at a local bank for six months to generate interest income. In the mean time,carefully selects scholarship recipients based on merit and socioeconomic conditions. The scholarships are then disbursed at a monthly rate of 500 and continue for the duration of five years. Once a scholar finishes his/her studies, the monthly disbursements help support the education of a new student as funds continue to be generated from the interest income received from the initial $1500 donation. In this way, your scholarship fund is eternal and supports multiple students.
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