National Bank of Malawi offers scholarships to needy Poly students
BY MC DONALD CHAPALAPATA,
National Bank of Malawi (NBM) plc on Friday disbursed scholarships worth K7.8 million to 20 needy Malawi Polytechnic students.
NBM last year pledged to pay school fees for the 20 students until they finish their studies. The whole package is worth K1.6 million per student which translates to K32 million over a four-year period.
NBM Head of Risk, Charles Ulaya, urged the students to work hard in class to make the bank proud of its investment.
“You are lucky that NBM plc has taken over the responsibility of paying your school fees for the entire duration of your studies. What remains for you is to work hard in class because you will not be thinking of where you are going to get the fees. Work hard to make the bank proud of its investment,” Ulaya said.
Malawi Polytechnic Dean of Students, Luciano Ndalama, thanked NBM for the scholarship, saying the gesture will help the students to fully concentrate on their studies.
“The performance of these 20 students has been impressive. No one has failed since the bank started sponsoring them. They are assured of school fees for the entire duration of their courses and we are very grateful to NBM plc for this gesture,” Ndalama said.
One of the recipients of the scholarships, Sara Solomon, pledged to repay NBM plc with good grades in her studies.
“The scholarships have motivated us to work hard in class. We can only repay NBM plc with good grades,” Solomon said.
NBM plc Corporate Affairs Manager, Annie Magola, said the Polytechnic Alumni Association facilitated the sponsorship of the students when it approached the bank for support.