37 LEARNERS COUNTRYWIDE BENEFIT FROM SCHOLARSHIPS

37 learners across the country are set to get all-expenses paid scholarships from asset finance provider Watu Credit, through the Watu Scholarship Program launched in 2022 to support children of boda boda riders to further their education.

The program, which targets secondary school students, will cover the beneficiaries’ school fees, text and exercise books, school uniforms, transport and allowances for their essentials, including pocket money.

“At Watu, we appreciate the potential that education can unlock in our communities. Given that boda boda riders are a key pillar of Kenya’s society, we thought it would be best to start the Watu Scholarship Program with them, as they are also the backbone of our business. This program is an opportunity for us to be involved in moulding the next generation of leaders in their respective societies by working with the children of our much-valued customer base,” said Erick Massawe, Kenya Country Manager, Watu.

Since its inception, the program has benefitted 37 number of students from across the country. 22 girls and 15 boys will be part of the program this year. It commits to investing in future leaders through mentorship and lifelong learning opportunities.

The recipients are identified by Watu’s internal credit team who vet the parents/guardians whose children will receive the scholarship based on their good credit or repayment history on their motorcycle assets. Watu’s appointed staff maintain contact with the students throughout their academic journeys through school and home visits to monitor their progress and provide support.

Established in 2015, Watu has provided access to affordable and flexible financing for two and three-wheelers and has provided to over 1 million loans across 7 countries in Africa, thereby impacting the lives of more than 4 million people.