Family Group Foundation
The Family Group Foundation was established in October 2012 by an associated group of companies that include Family Bank Limited (FBL), Kenya Orient Insurance Limited and Daykio Plantations Limited (DPL).
Over the last 25 years, FBL, KOIL and DPL have benefited from the growth of the Kenyan economy in the finance, insurance and real estate sectors, respectively. It became evident to the leadership of these institutions that as the businesses thrived, many families in the community were struggling and vulnerable to the vicissitudes of life. Some of these challenges include unequal access to education, health and financial services.
In response, FBL, KOIL and DPL each separately engaged in a number CSR activities and in time found that this strategy of small and scattered interventions did not deliver the desired outcome. A review of this approach led to a recognition of the advantages to be had in acting corporately for the social good, and the founding of The Family Group Foundation.
The foundation is focused on the expansion and restructuring of selective CSR activities previously ran by its founding sponsors, as well as the initiation of new interventions that are more responsive to the challenges impacting Kenyan families.
Education - The Family Group Foundation is restructuring and expanding an already existing scholarship fund. They seek to increase the annual intake of beneficiaries from the current 40 to 500 students in the next three years. The scholarship program targets orphaned and vulnerable children. The mentorship program teaches leadership skills and advocates social responsibility.
Agribusiness - The Family Group Foundation is initially partnering with twenty registered farmer associations and community organizations for farming activities that enhance productivity and market value. The Foundation intends to support programs that facilitate the acquisition of financial resources to small holder farmers.
Entrepreneurship - The Family Group Foundation seeks to support entrepreneurs by providing access to training in financial and investment literacy, facilitating access to financial services and markets as well as enabling other transformative skill formation.See more