Screen_Shot_2015-08-11_at_7.54.08_PMThis afternoon three recently graduated primary school students were handed a check each by La Inmaculada Credit Union officials just in time for the new school year. The scholarship program begun in 2004 and the LICU has assisted over twenty students since. Today, Acting General Manager, Yadeli Urbina, handed out new scholarship to Amy Hernandez, Perla Martinez and Kevin Garcia.


Yadeli Urbina – Acting General Manager


“We are hopeful that as the years go by and our membership increases and our surplus increases we will be able to assist far more students because we think that education is an important process and an important aspect that if you develop we will be able to get a better community and a better country.”


Urbina says that they received many applications and selected three based on need and potential. The students received their first check this afternoon in a short ceremony at the LICU and said they were more than pleased to have been selected.


STUDENTS


“Well, I would like to go all the way to Sixth Form to get a good job and be a better person in life.”


Dalila Ical – Reporter


“So do you feel that this assistance will help you get there?”


STUDENTS


“Yes it surely will.”


Dalila Ical – Reporter


“Have you so far decided what you are going to be majoring in?”


STUDENTS


“I would like to thank La Inmaculada Credit Union for giving me this opportunity for advancing in my studies which I will not waste.”


The program is not the only one under which students are able to receive financial assistance. There are also student loan programs such as that of the Belize Natural Energy Charitable Trust.


Yadeli Urbina – Acting General Manager


“The students can get assistance for high school and tertiary level and University level and they are allowed to get different amounts for different levels and they draw down as they need and then they pay interest on what they have withdrawn and the interest is paid during the course of studies and then we allowed them a six month grace period for them to find a job and they pay principal and interest towards the loan this allows people who don’t have necessarily the capacity or the collateral to get a loan to do so and also gives a sense of responsibility to the students in that they know that they are studying and they will have to pay back this loan and I think it is an excellent way to be able to assist the students and young members who want to study and don’t have the finance at this point in time, the similar conditions are given to regular loan programs if they don’t fall under the student loan program so both have the same characteristics but it is just that funding comes from different portions.”


Under the LICU scholarship program, students receive one thousand dollars for each school year for four years. There are another seven students currently under the program who also receive their assistance annually. According to officials, they invest some ten thousand dollars annually under this program in education.

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