Quality education is critical to the development of a child for a productive adulthood. LAPO Microfinance Bank recognizes the importance of education in personal and national development. Unfortunately, access to quality education for children from low-income households is constrained by limited financial resources. This informed the establishment of LAPO Scholarship and Skill Acquisition Support Scheme.
The seed fund for this programme was the cash prize of USD 10,000 of the Grameen Foundation's Excellence in Microfinance Award in 2006. The primary focus is on support for Secondary level, as children from low-income households usually drop out of the educational system at the secondary level.
Beneficiaries of the skills are drawn from all areas of operation of LAPO Micofinance Bank. The Skills Development Support is to support children of clients who desire to acquire skills.