NEWS

Enwealth Sponsors 40 High School Students in 2025 Scholarships Program

Share
Enwealth scholarship
The scholarship program is part of Enwealth Foundation's ongoing mission to uplift communities through education.[Photo/Enwealth]
Share

Enwealth Financial Services, a leader in promoting financial wellness, has handed 40 bright and needy students scholarships worth Ksh2 million for their secondary school education.

Through its Corporate Social Investment arm, Enwealth Foundation, the financial services firm, announced it will spend KSh2 million in 2025, with each student receiving a maximum KSh 50,000 annually. This reflects Enwealth’s unwavering commitment to empowering young men and women’s futures through education.

The scholarship program is part of Enwealth Foundation’s ongoing mission to uplift communities through education. It has cumulatively sponsored over 400 students, the majority of whom have successfully transitioned to universities and are now part of the Kenyan workforce. Over the past 13 years, the Enwealth Foundation has disbursed more than KSh 60 million towards this cause, ensuring that financial constraints do not hinder academic excellence.

Enwealth
The scholarship program is part of Enwealth Foundation’s ongoing mission to uplift communities through education.[Photo/Enwealth]
Speaking at the award ceremony, Ken Monyoncho, Director, Enwealth Financial Services, emphasized the company’s dedication to shaping a financially stable future for young people.

“At Enwealth, we believe that education is the foundation for a brighter, more secure financial future. By supporting bright and needy students, we are not just paying school fees but investing in future leaders who will drive economic growth and community development,” Mr Monyoncho stated.

The scholarship program is one of the key pillars of Enwealth Foundation, which focuses on giving back to the community. Other pillars include:-

  • Housing:The Foundation focuses on setting up dignified housing for vulnerable community members who face inadequate living conditions. In addition to constructing new homes, the program renovates existing structures to ensure beneficiaries live in safe, comfortable, and respectable environments.
  • Healthcare: The healthcare pillar is committed to ensuring that vulnerable community members receive the care and attention they need to lead healthier, more fulfilling lives through funding healthcare for the elderly and addressing their medical needs.
  • Missions and Outreach:In line with the company’s foundational Christian principles, the missions and outreach pillar aim to touch lives by supporting and funding evangelism ministries. Through these efforts, the Foundation builds stronger, spiritually grounded communities by promoting values of compassion, generosity, and faith.

Read: Enwealth Lauds Pension Tax Reforms for Enhancing Retirement Security for Kenyans

>>> Enwealth Umbrella Fund Gets RBA Approval To Receive NSSF Tier 2 Contributions

Written by
BT Reporter

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Mwendwa Mutisya, the head of asset consulting and unit trust at Octagon Africa.
OPINION

Why Creating Lasting Wealth From Remittances Should Be Kenya’s Diaspora’s Next Priority

By Mwendwa Mutisya Every month, millions of shillings  flow into Kenyan households...

The graduation, held in Nairobi’s Enwealth Business Centre on Saturday, marks the first cycle of a programme the Enwealth Foundation intends to run repeatedly.
NEWS

Over 50 Entrepreneurs Graduate from Enwealth Foundation SEED Programme

More than 50 Kenyan entrepreneurs have graduated from the inaugural cohort of...

Enwealth Group CEO, Simon Wafubwa (Right) and Enwealth Director Kennedy Monyoncho (centre) meeting a stakeholder during a recent Enwealth Trustees Forum in Mombasa
NEWS

Enwealth Trustees Services Limited Receives Approval as a Licensed Corporate Trustee in Kenya

Enwealth Trustees Services Limited, a subsidiary of Enwealth Group, has received approval...

Albanus Muthoka, the Manager, Enwealth Trustees Limited
SELF-HELP

Why HENRYs Struggle to Retire Comfortably and What to do About It

By Albanus Muthoka You're earning Ksh300,000 a month. Maybe more. On paper,...