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Kenya Report
Marcopolis presents Kenya Report focused on topics such as investments, doing business, economy and regional integration, featuring interviews with Kenya's leaders. The sectors under review in this issue are agriculture, banking, energy, industry, telecom, IT, tourism, logistics and many more.
Videos8.2.2019
Palmhouse Foundation: Financing the Secular Education of Needy and Deserving Students in Kenya
Eric Kimani, Executive Director of Palmhouse Dairies Ltd, gives an overview of the Palmhouse Foundation, whose goal is to provide scholarships for secondary education to bright and talented children from financially challenged families in Kenya.
"At the Palmhouse Foundation, our vision is to finance the secular education of needy and deserving students who are bright, but whose parents might not be able to afford to take them to good high schools. Our Foundation takes them on and takes them through high school. That way, they are guaranteed to go to a good university and from there, perhaps break the vicious cycle of poverty. We leverage organizations. We pride ourselves on working with most of the second-tier banks who do not want to set up a foundation for education, but who are looking for a transparent and accountable organization with a governance and a framework set up. We go to a bank and ask for money to select, for example, ten students to take through high school. We make sure they go through the right processes, make sure their performances are checked, and we walk together through the four years with those students. For the bank, they fulfill their CSR goals of investing in education and at the same time, we fulfill our goals of transforming the lives of these young people. It is a win-win situation for everyone", says Eric Kimani.
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