Corporate Social Responsibilities
01 Feb 2021
The Star : Special aid for students
Special aid for students

Azman says the back-to-school supplies will help students affected by the floods.

AS MOST schools welcomed students back a few weeks ago, either for face-to-face lessons or virtual learning, the Financial Institution Collective Outreach (Finco) collaborated with Mercy Malaysia to help children affected by recent floods to join online classes.

Following an urgent call, Mercy Malaysia, Finco member banks, insurance companies and takaful operators collectively pledged more than RM500,000 to facilitate Mercy Malaysia’s flood response and recovery efforts.

As more evacuees head home, funds will be directed towards protecting health amid rising Covid-19 cases, such as delivering water, providing sanitisation and hygiene services as well as nutritious food and back-to-school supplies.

“We know it is an extremely challenging time for communities impacted by floods.

“This collective pledge aligns with the financial industry’s ongoing efforts in disaster prevention preparedness, response and recovery.

“The aim as a coordinated industry is to effectively reduce disruptions faced by our communities, in particular children, during disasters, and to increase their capacity to cope, ” said Finco chief executive officer Clare Walker

Finco’s board of directors

chairman Tan Sri Azman Hashim said, “Our appreciation goes to the emergency services and on-the-ground volunteers who work to protect people, as well as educators who minimise learning disruptions.

“Schools play an essential role in children’s educational achievement, health and well-being.

“If their needs are not met, they may feel demotivated to continue learning.

“As part of our efforts to provide sufficient resources to vulnerable communities, we extend our aid to equip students with the right supplies to prepare them for school.”

Mercy Malaysia president Datuk Dr Ahmad Faizal Mohd Perdaus said, “We are grateful to the financial industry’s generosity in helping us minimise the burden of those affected by the flood, especially schoolgoing children. The best interest of the students is at the centre of this effort.

“The tremendous support from Finco enables us to reduce limitations and help these children continue pursuing their dreams.”

In addition to other direct contributions in support of humanitarian and medical-related initiatives by various community partners, flood aid relief by financial institutions includes deferment of loan repayments, expedited claims and other forms of non-financial assistance.

Finco is a collaboration between the financial institutions with the guidance of Bank Negara.

Established in 2017, it aims to guide as well as provide underprivileged children and youths with the right educational tools to help achieve their life goals.