KDIC's mission is to promote the stability of the financial sector by providing a deposit insurance scheme for depositors of member institutions. In fulfilling this important mandate, the KDIC also recognizes the need to make positive contributions to the welfare of the society. In this regard, the KDIC Board approved an annual community support programme, largely consisting of charitable contributions to organizations involved in community activities. Every financial year, the Board allocates specific funds in the budget for this purpose.
The Community Support Program is administered by the KDIC Philanthropic Fund Committee. The Committee considers and allocates funds under the Social Corporate Responsibility Policy in accordance with the Corporation Policy Guidelines in which KDIC participates in community welfare activities by contributing to charitable endeavors within Kenya without prejudice in terms of race, gender, ethnicity or religion. The Board focuses its support to institutions, organizations and activities aimed at improving the welfare of the community. These include:
1.Educational institutions catering for the needy.
2.Institutions giving care, support and training to people with disabilities and other disadvantaged groups.
3.Projects and programs designed to alleviate poverty and suffering.
4.Any other initiative that improves the quality of life.
The Corporation does not give grants or sponsorships to individuals. It does not also support or contribute to any cause, activity or project that is:
1.Against the Board’s core values
2.Not aligned with the key objectives of KDIC community support program
4.Political in nature
5.Not registered with the Government of Kenya
The requests received are subjected to strict vetting process by the Committee before consideration. The following terms and conditions are also adhered to:
1.National Disasters shall be considered special cases and accorded the priority deserving.
2.In considering applications, all counties in the country shall be taken into account save for Nairobi which shall be considered exceptionally due to its diversity.
3.Donations made shall be to a maximum of KShs. 400,000.00 per institution except for National disasters.
4.To avoid an institution’s dependence on the Fund, a particular institution will not be considered for a period of at least 2 (two) years once supported.
5.Institutions that are wholly Government owned are excluded.
6.Only under exceptional circumstances will funds be disbursed to the institutions. Therefore management shall endeavor to make payments for goods/services directly at the source.
7.Privately owned institutions (not community based) are excluded.
KDIC has extended support to needy projects that are community based and national in nature. Some of the beneficiaries include: The Kenya Red Cross, Kenya Society for the Blind, The Nairobi Hospice, The Nyeri Hospice, Handicapped Community Fellowship, The Kenya Association for the Welfare of People with Epilepsy, The Jaipur Foot Trust, Kajiado Children’s Home, Tunyai Children’s Centre, Hope and Faith Centre for the Disabled, St. Prisca Childhood Development Rehabilitation Centre, Modogashe Orphanage Centre, Altawoon Youth Organization and Sons of Mannaseh Rehabilitation Centre among others.
The Corporation continues to support needy projects in line with the KDIC objectives of making a difference to society.