According to UNESCO, education is essential in escaping perennial hardships and preventing generation to generation poverty. Basic educational skills such as numeracy, reading and writing have recorded substantial positive effects on the poverty-stricken populations and their incomes, directly impacting the country’s revenue income. UNESCO further observes that an increase in the average educational attainment of a nation’s population by a year - increases the annual Gross Domestic Product (GDP) growth by 0.5 %.
The Youth in Kenya comprise a majority of the country’s population, implying the nation’s future will be secured through academic and entrepreneurial empowering of this population. Based on this understanding, Momentum Credit setup a scholarship fund and partnered with Eastlands College of Technology (ECT) - a subsidiary of Strathmore Educational Trust, to sponsor students taking up automotive affiliated courses in the institution.
Financial instability is a stumbling block between these underprivileged students and their entrepreneurial ambitions, robbing them off a vital life value: HOPE. The scholarship’s beneficiaries access full educational funding as well as sustenance funding in effect granting a new lease of life to their educational journey.
Momentum Credit extends credible, non-bank lending to a segment otherwise considered un-bankable by allowing this segment borrowers unlock the equity held in their vehicle assets.
Based on the brand purpose – Expanding Possibilities, the scholarship’s beneficiaries will additionally access in-market placement to further enrich their work experience.
The Student's Stories
DANIEL WAMBUA
Grade 2, Kitui
‘’This Scholarship increases my chances to get formal employment, I am now positioned to start my own business to sustain my living . I am grateful to Momentum for assisting me realise my goals.’’
KAMAU NJENGA
Grade 2, Mombasa
‘’Having gotten a B in my KCSE Examination, lack of finances forced me not to proceed to university. I plan to use my skills to impact the youth and empower them to take up a career in the automotive sector. My dreams have been brought back to life through this scholarship.’’
MOSES OKETCH
Grade 1, Kisumu
‘’Living in a tech-savvy world, this automotive course set me up for the future. School fees challenge have forced other youth in my position drop out of school, but through this program we all can now achieve our dreams, together!’’
DOUGLAS MBUGUA
Grade 2, Nairobi
‘’I am currently pursuing automotive engineering. This opportunity prepares me for the future and sets me on course to one day own a repair shop. Thank you Momentum, for giving my friends and I an opportunity to pursue what we love doing!’’