Helping to bridge the education loan gap
Over the years, many brilliant students have struggled to finance their tertiary education in Ghana. Most have had to drop out – sometimes in the middle of their studies. This has usually been due to economic hardship and the inability of parents to raise enough resources to fund their children’s tertiary studies, even through an education loan or a personal loan.
For this reason Izwe Savings and Loans introduced the Izwe Public Sector Tertiary Education Scholarship Fund, to support exceptional but needy students in the country. The tertiary education scholarship programme has so far funded the education of 31 students across various universities in Ghana, with 23 of them successfully completing their studies, and eight yet to graduate.
Unlocking potential to fuel developmental aspirations
Our tertiary education scholarship a way of giving back to Ghanaian society. Raymond Bismarck, MD of Izwe Savings & Loans, explains that having realised that one of the reasons why many civil servants tried to apply for a personal loan or opened a savings account was to pay for their children’s tertiary education. We therefore decided to sponsor some of the most deserving students each year.
The scholarship provides academic user fees and approved course textbooks. To qualify, the applicant must have a grade of aggregate 10, be 22 years or younger and be the ward of a civil servant who genuinely cannot afford to pay their education fees either out of their own pocket, or by securing an education loan or personal loan.
Izwe Tertiary Education Scholarship success stories
- One of first batch of selected students, Mr. Bismark Kubah, who completed his tertiary education at the University of Cape Coast (UCC), says the scholarship made it possible for him to be who he is now:
“When I completed SHS, I never thought I could go to school again. My parents had no clear-cut plan as to whether I will go to school or not, so I was trying to raise the money myself to go back to school when I got the scholarship and it really helped me.”
Mr. Kubah, who now holds an MA in Economics has just been appointed as a Research and Policy Officer of the Ghana Mine Workers Union.
- Mr. Moses Yeboah Addo, who is currently studying Pharmacy at the Kwame Nkrumah University of Science and Technology (KNUST), said the scholarship programme has been of great help to him:
“I am always motivated to put in my very best in order to continue benefitting from the scholarship.”
Izwe Tertiary Education Scholarship in the future
Our plan is to keep growing our Public Sector Tertiary Education Scholarship programme to include more students in the futureWe believe that our scholarships will continue to empower the youth to make a positive impact on society. We intend continue this annual programme, and look forward to supporting our next batch of students for 2022.
How to apply for a Tertiary Education Scholarship
Our applications schedule for this year’s edition of the programme will be published on our Facebook page, website and local newspapers when the time is due. You can follow us on Facebook page (izweghltd) for notifications and apply once the 2021 Tertiary Education Scholarship programme is published.
Despite being known for personal loans to civil servants, Izwe Savings and Loans has a diverse portfolio of products and services for both businesses and salaried workers.
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