About the Education Fund
Most frequent questions and answers
Education fund refers to the funds collected via Impertimus crowdfunding platform which include donations from individuals, groups and institutions for the purpose of financing the education cost of the vetted children listed on Impertimus website.
The Education Fund is a revolving fund which is access by low income parents to pay for tuition cost of their children at the beginning of an academic term with optional repayment periods of 6 months without interest. Attached to this Education Fund are support programs such as termly mentorship sessions to the students focusing on Academic prowess, Reproductive and Mental health challenges as well as Entrepreneurship and Technology. Providing these additional services ensures that our investment in their education realizes the best results and students graduate with basic qualities to successfully venture in a rapidly evolving society.
1. A Child and his/her parents from low income household in need of tuition fees undergo a vetting and verification process.
2. Individuals, groups and institutions contribute to the child’s tuition fees cost requirement which is sent directly to the school account of the children when fully funded.
3. The child’s parents repay the amount within flexible repayment period. Upon repayment, the parent can access the funds again to cover next term or academic year tuition fees required until the child complete school
- Referral agent network. Impertimus works with other organizations and local contact persons in the community who refer children and Parents.
- Partnership with local Chama (Saving groups)
Each parent undergo financial check to determine the ability to pay back. In case of unavoidable circumstances that affect the parents payment ability after accessing the funds, we customize flexible payment plans to accommodate the parent’s income flow.
About your donation
Most frequent questions and answers
The minimum amount you can donate is Ksh 2500 (25USD). We believe Ksh 2500 is a meaningful amount to support a child n school and make a huge impact in a child’s education cost.
The following are they ways you can donate.
BANK TRANSFER
Bank’s Name: Co-operative Bank
Bank’s Branch: Kilifi Branch
Branch Code: 00011108
Account Name: IMPERTIMUS EDUCATION INVESTMENT
Account No: 01134779584000
SWIFT Code: KCOOKEN
or
Click on the Find a child to support or Donate Now button
Your donation will be sent schools to cover the tuition cost of the children.
We are asking for 10% of your donation to help us reach more children and parents as well as encourage more people to join our community of people and institutions who support education.
Every term you will receive impact report that shows the number of children your donation has supported overtime, the repayment progress.
Fund administration
Most frequent questions and answers
All Impertimus work is checked and verified by an established community oversight who verify all the information and accounts.
Impertimus Education Investment is registered as a Community Based Organization and was vetted by the Locational Area Advisory Council in Kilifi.