Bayport Savings and Loans has gone to the aid of students of the College of Engineering, of the Kwame Nkrumah University of Science and Technology (KNUST), donating GHS20,000, as part of a student endowment package for needy but brilliant students.
The package, being the first tranche of support to the College, is expected to benefit over 600 students and underscores the company’s desire to contribute towards human resource development of the country.
Head of Marketing at Bayport Saving and Loans, Mr. Kojo Korsah, said: “Bayport as a business, we look out for alliances and partners and we believe that the College of Engineering at KNUST is a partner that we can collaborate with in the development of students and human resource.”
He explained that the gesture was in response to a request by the College to assist in the education of some students who are in dire need of financial support. He added that given their belief in building partnerships, and also making the lives of students better, the request was considered.
The amount donated, according to Mr. Korsah, is expected to cushion the students for the current semester with hope that some future support would be also worked out soon for the students.
“We want to support fifty brilliant but needy students of the College of Engineering on a semester basis with a certain amount to make their life comfortable on campus especially going into the exams,” he stated.
“We’re believing and hoping that as we move on, we’ll increase our budget and help them the more.”
Provost of the College of Engineering, Professor Mark Adom-Asamoah expressed gratitude to the management of Bayport Savings and Loans for their timely assistance.
He acknowledged the efforts by Bayport, beyond the donation, to also give a stipend to 50 students every semester for the next 5 years.
He observed that the College has contributed massively towards the industrialisation of the country, for which reason he observed that it is important to support the University to sustain the level of training offered to students.
Bayport Savings and Loans, is a non-banking financial institution registered with the Bank of Ghana under the non-banking law – PNDC Law 328 and engaged in payroll tied lending.
With 53 branches across the country currently, Bayport has in the past 15 years, also provided swift, easy and accessible financial backing to individuals in the formal, non-formal institutions and businesses.