Mission of the First Heritage Credit Union Scholarships (FHC Foundation) Scholarship Programme
The mission of the FHC Foundation is to promote the development of Jamaica’s youth, in particular disadvantaged children and young people, through education, sport and community involvement, creating opportunities for growth towards the advancement of nation building.
Vision
To transform lives through the creation of opportunities for the youth of Jamaica.
The FHC Foundation’s Mission Statement and Vision speak to our focus on enhancing the communities in which we operate. FHC has a passion for Youth Development, particularly in the areas of education and sports and have, over the years, been making significant contributions by way of cash and kind to these causes. Our mandate has therefore propelled us to form the FHC Foundation which was established to:
- Promote the development of Jamaican youth, in particular disadvantaged children and young people in primary, secondary and tertiary schools through education and sports.
- To promote and facilitate programmes which assist young people in improving their capabilities through skills training and to facilitate them in creating and pursuing economic opportunities to better their lives.
The following are the various annual scholarship and entrepreneurship programmes offered by the foundation
FHC Foundation PEP Scholarships
The objective of the FHC Foundation is to promote the development of the Jamaican youth in the areas of Education, Sports and Skills Training. Special emphasis will be placed on the improvement of literacy at the Primary and Secondary level.
First Heritage Credit Union Scholarships recognize the achievement of our youth savers, by awarding our PEP recipients a scholarship to assist them from 1st form up to 5th form. The objective of the scholarship aims to fulfill our mandate of giving back to our members, to encourage children to strive for excellence in academic performance and to promote a thrifty savings habit amongst young Jamaicans.
DOWNLOAD PEP SCHOLARSHIP APPLICATION FORM
Tertiary Scholarships Programme
FHC Credit Union through its Foundation offers the prestigious Renald Mason & Oswald Thorbourne Scholarships to Members and children of Members entering 2nd to final year at a tertiary institution. The FHC Foundation try to meet the expense of financial challenged students who are in good standing academically but is having trouble paying their school fees. These students are sometimes well-rounded students involved in their schools and communities.
Applicants are required to have a minimum “B” average and who are financially challenged. The Foundation opens the application in the month of May each year.
Interested persons are required to submit the following documents for both awards:
The Oswald J. Thorbourne Scholarship
Persons Eligible for this FHC Foundation tertiary scholarship must fulfill the following:
- Applicant must be a member of FHC Credit Union.
- University students entering 2nd to Final year in Business Management /Administration.
- Must have maintained at least a “B” average.
- Must have been involved in community projects or exemplified leadership skills in clubs, associations or any other civic institution.
- Two (2) written references must be submitted to verify applicant’s involvement in projects.
- Applicant must not be the recipient of any other current scholarships.
- Submission of transcript to First Heritage Credit Union Scholarships.
The Renald Mason Scholarship Programme
The persons Eligible for this FHC Foundation tertiary Renald Mason scholarship must fulfill the following:
- Applicant must be a member or the child of a member of FHC Credit Union.
- University students entering 2nd to Final year at any recognized tertiary institution.
- Must demonstrate community volunteerism.
- Must demonstrate financial need.
- Applicant must maintain a GPA of 3.50.
- Two (2) written references must be submitted to verify applicant’s involvement in projects.
- Submission of transcript.
- Applicant must not be the recipient of any other current scholarships
Note: Transcripts should be submitted to outline GPA
DOWNLOAD TERTIARY SCHOLARSHIPS APPLICATION FORM
FHC Foundation Special Education Grants
The FHC Foundation is committed to its cause and from time to time we see students who do not meet the required qualification to obtain a scholarship. Therefore, the Foundation through its vision statement “to transform lives through the creation of opportunities for the youth of Jamaica” we offer the Special Education Grant to the most needed applicant with financial challenges.
Entrepreneur Awards
The FHC Group through its Foundation provides an Entrepreneurs’ Award which is to encourage entrepreneurship among our young generation. Each grant is valued at $500,000.00.
Generally, any business plan requiring start-up capital above $500,000 will not be considered. However, if the business is deemed to be feasible, the plan may be considered and the beneficiary would be introduced to additional financing after the approved business has started. This is in addition to other loans that would be available to each awardee as a member of the Credit Union. Top-achieving students from all faculties of recognized tertiary institutions and persons between the ages of 18-35 are eligible to apply for the awards.
Qualification:
Students who have maintained at least a “B” average at the end of their study, and who intend to start a business within 6 months after graduation, are invited to prepare and submit a comprehensive Business Plan for the Small Business enterprise.
Business owners of a start up business who are between the ages of 18-35.
The Plans that are judged to be the top three and most feasible, will each receive the sum of $500,000.00 for use as start-up capital.
Download the FHC Entreperneurship Awardees Guide
