social impact – Impertimus

Why is the Education Revolving Fund Repayable?

admin — Wed, 14 Jun 2023 14:22:18 +0000

What is the Education Revolving Fund?

It is a sustainable Tuition fund pool that is accessible to parents throughout the education lifetime of the child in secondary school offered by Impertimus. The parents access the funds as a #zerointerest school fees loan paid to school at the beginning of term or academy year keeping children in school, covering 100% of the tuition cost with a repayment period of 6 months. Upon repayment the parent can access it again to cover the subsequent academic years of the child. This enable access, retention and school completion.

Why is the Education Revolving Fund repayable?

1. Parents mostly receive donation or well-wisher contribution to cover school fees for academic term or a year for their children. However, parents are left stranded, struggling to cover the next term or academy year education costs if they don’t receive another donation or contribution. The Education Revolving Fund being repayable, ensures that the parent can access it again for subsequent term or academy year ensuring a child stay in school.

Most parents pay school fees in installments despite their financial challenges to keep their children in school according to their irregular income flow. However, school administration require full school fees paid at the beginning of the term, leaving most of their children #outofschool for 3 to 14 days interrupting their learning process and academic pursuit. The Education Revolving Fund is there to bridge this gap, helping the parent meet school fees cost at the beginning of the term, ensuring a #childstaysinschool and paying it back according to his or her income flow. The Education Revolving Fund enhances the ability of parent to meet the education cost and keeping children in school.

The Education Revolving Fund is a collaboration between donors and parents.

It #appreciates, #encourage and helps parents carry out their obligation of educating their children with ease each academic term or year.

The fund #appreciates and make the donation and contribution from donors and well-wisher #sustainable not just to meet one term or academic year but creates #multiple impact as it is recycled when the parent pays back and access it again to meet the education cost through the education journey of 4 years of his or her children who are in secondary school.

The Education Revolving Fund has a #partialscholarship component to support children in school as well as enhancing further the #parentsability to #meettheeducationcost by reducing the amount a parent pays back to the Education Revolving Fund keeping children in school.

Through the Education Revolving Fund, Impertimus makes it easy for people like you to #find, #support and contribute to children and their families by providing fund to meet the education cost. As a donor, you get the possibility to #allowyourmoney to create #socialimpact and do good in the lives of the children.

Our end goal is; a child joins school, #staysinschool and reach their full #potential.

Education Revolving Fund Parent Testimonial-Cicilia Zawadi

admin — Sun, 14 May 2023 14:56:23 +0000

Cecilia Wesonga, a mitumba trader in Kilifi town was able to retain her daughter in secondary school after obtaining an education loan from Impertimus Education Investment. The mother of two says she had completely lost hope of keeping her daughter in school after her small business of retailing second hand clothes came to a standstill thanks to the Covid 19 restriction measures that were in force nationwide. The Covid-19 pandemic containment measures were eased, however, a great damage to the business had already occurred. It was during this time of uncertainty when her daughter Peninah was to go back to school in Butula girls high school, in Busia County. She says it was a struggle between taking her daughter to school and reviving her business as well as meeting other basic needs.

“It was during this time when I approached Impertimus education investment. The director Beatrice Kache was more than glad to listen my case, and she took me through their vetting process where I qualified for a loan.”

Cecilia Wesonga says she received her first loan of Ksh. 10,000 almost immediately which she used to pay for school fees for her daughter.

“If it were not for that loan, and other subsequent loans from Impertimus Education Investment, my daughter would not have been in school. I am more than glad as she now completed her Kenya certificate of secondary school education (KCSE), and she is waiting for her university placement. I am not worried because Impertimus Education investment can still offer education loans to help cater for some of her university bills”,she says.

Impertimus Education Investment has been instrumental in assuring retention of students in school by offering education loans to parents who face hardship in paying full school fees for an academic term for their children, as it might be required by the institutions.

Beatrice Kache who is a co-founder and the organization’s director said the organization was started to bridge the gap left by school bursaries from the government and sponsorships which do not last throughout the education journey of the student.

“The available support to parents in educating their children are full scholarship for top students, bursaries and well-wisher’s contributions. These are not inclusive since they do not support all students and also they hardly cover all the education cost. Impertimus exist to cover this gap by providing an inclusive community driven financial option for parents to educate their children by repurposing savings in Chamas done for business,” she said.

Impertimus works closely with individual well-wishers, contribution and donor groups to support parents keep their children in school for whole academic journey.

In its first five years of operation, Impertimus education investment has been working in a mutual partnership with parents by advising an early savings scheme which see parents pay school fees for their children with much easy.

The Education Revolving Fund

admin — Sun, 14 May 2023 07:12:24 +0000

The Education Revolving Fund under Imperrtimus is a sustainable Tuition fund pool that is accessible to parents throughout the education lifetime of the child in secondary school offered by Impertimus. The parents access the funds as a #zerointerest school fees loan paid to school at the beginning of term or academy year keeping children in school, covering 80% of the tuition cost with a repayment period of 6 months. Upon repayment the parent can access it again to cover the subsequent academic years of the child. This enable access, retention and school completion.

Our education revolving fund is a collaboration between parents, children and people who want to help them in a sustainable way.

The collaboration happens in two steps.

The vetting of parents and children. This helps for the parents to know the total education cost he /she is required to meet in educating his or her children in the secondary school journey as well as plan on how to start saving towards the education cost of the children who will be transiting from primary to secondary school.

From this the parent is able forecast the education cost and how to meet it. The parent is fully aware of the responsibility her or he has.

In meeting the education cost, most parents pay school fees in installments but school administration requires full term fees at the start of the term resulting to children sent home because of unpaid school fees.

Children spend 3 to 14 days out of school waiting for the installment of payment that the parent will get hold of to pay and return to school.

The education Revolving fund comes in to help the parents meet the cost at the begin of the term.

The second step of the collaboration, the Education Revolving fund funded by people who wants to see children stay in school this enables parents to access the fund as zero interest school fee loan to pay school fees at the beginning of the term resulting in a child staying in school. The parent can pay back in installments and access it for the next term or academic year to keep the child in school.

By funding the Education Revolving Fund as:

Friends of Impertimus a passionate and dedicated group of monthly givers on a mission to keep children in school by contributing Ksh 500(5 USD) and above to the fund.

Fund Champion -committed individuals who want to create a legacy impact by contributing Ksh 10,000(100 USD) and above towards school fees of 1 or more children.

Fund Partner – a group, organization and company who want to create community impact by contributing ksh 50,000(500 USD) and above in funds, in kind or CSR program.

You are helping a parent meet the education cost with ease. This ensure that a child join school, stay in school and achieve their dreams

Key Questions that guides Impertimus Vision.

admin — Wed, 19 Apr 2023 07:37:57 +0000

As we celebrate 5 years since the inception of Impertimus, our story of change has always been based on the following Key Questions.

How do we help parents educate their children with ease?
How do we ensure #100%transition of children from primary school to secondary school?
What things do children for transition? Books, uniform, school fees and other items. How much do they cost? Are parents #preparedfinanciallyto meet these costs?

For #schoolretention, how much does a household need to retain their children throughout their academic journey of 4 years in secondary school? Keeping in mind most of parents Impertimus works with have 2 or 3 children in secondary school. How much they need per academic year or term to ensure children do not spend time home because of unpaid school fees? What do children need in order to stay in school to achieve their dreams?

What support is available to help parents educate their children? The available options are #fullscholarshipfor top students, #bursaries and #wellwisher’s contributions. Are the above solutions #inclusive? Do they support all students regardless of their marks? Do they cover all the education cost?

Impertimus exist to cover this gap by providing an #inclusivecommunitydriven #financialoption for parents to educate the children.

Impertimus is #repurposing savings in Chama done for business to #education for parents to save for transition cost.

Impertimus is #repurposing well-wisher contribution and donations, group contributions to support education for just one term to a #revolvingfund available to help the parent keep their children in school for whole academic journey.

Yes, our solution has evolved over time since we started but the above questions keep guiding Impertimus’ vision.

WE are Supporting Human Capital Index by World Bank.

admin — Sat, 17 Jul 2021 21:40:37 +0000

Did you know that, in calculating the Human Capital Index by World Bank, 2 indicators focus on education? If children enroll in school ,will they able to complete 14 years cycle of education and get the necessary skills before they reach 18 years old. This will determine, if they reach their full potential and that of their country.
At Impertimus Education Investment, we support this by empowering parents to plan financially in order to educate their children.

#Educationinvestment.
#Educationfinance
#Wearethesolution.

Entrepreneur of the Year Awards Nominee (Top35under35 – Kenya)

admin — Sat, 15 Aug 2020 21:39:14 +0000

LET’S CELEBRATE THIS IN FULL EVEN AS WE WAIT! (Milestone moment)

Hello our people, here we are in the world of #Nominations !.This means a lot to us! We are glad to be among the nominees for the soon to be announced winners in the #Top35under35 awards contest and our ever smiley CEO Beatrice Kache is on this for us. #WeWin #YouWin #Kilifi wins and #Steps are made.

happy new year 2020

admin — Sun, 23 Feb 2020 12:03:05 +0000

2019 has been a great year for Impertimus Education Investment. Special thanks to our mentors, Mativo Jonathan, Safari Ngowa and Vanni Kimemia, we are indebted to your support and belief in us. Through you, Impertimus is building a name and meeting it’s objectives in the County education fraternity. Again we are very grateful.

To our program partners, Pathways Leadership For Progress, you have been an eye opener and launched our first impact program in the community, all the mothers and daughters who have benefited from your intervention are a testimony to your commitment to empower the African woman.

Thank you. To Akili Dada, you saw a promise in us and chose to walk with us, we are very humbled and to our investors and future partners, Impertimus is stepping in 2020 with a commitment to continue nurturing what started as a seed of change in our education space.

We definitely will be remiss if we do not recognise our loyal customer this year, Magason Wande, you are a proof of the possibility that Impertimus is creating a sustainable approach to meet education finance needs.

WE WISH ALL A HAPPY AND PROSPEROUS NEW YEAR.