KUALA LUMPUR: MCA’s educational projects have transcended political and racial boundaries, said its president Datuk Seri Ong Ka Ting.
He said although the party was a Chinese-based political party, it believed that no one, regardless of race and beliefs, should be deprived of education.
True to the principle of education for all, Ong said the party had initiated projects like Kojadi education loan schemes, Universiti Tunku Abdul Rahman, TAR College and the Langkawi Project which were opened to all races.
“MCA is not only mindful of the interests of the Chinese community but also that of the other communities,” he said when opening the 21st Annual General Meeting of Kojadi yesterday.
Kojadi is a 64,000 membership co-operative set up by MCA in 1981 to provide study loans for higher education, both locally and overseas.
In the last two decades, the loan scheme benefited over 6,000 students who were given a total of RM116mil.
Ong commended the scheme for being self-reliant without borrowing a single sen from financial institutions as it drew resources from members and investments of Kojadi associated ventures, including a college.
“It is also encouraging to note that the non-performing loan repayment rate is only 0.63% and the prompt repayment has enabled the scheme to re-channel its resources to help other needy students,” he said.
At the event, Ong, who is also the Housing and Local Government Minister, handed out 52 Kojadi academic excellence awards worth a total of RM52,000 to loan recipients who obtained excellent results.
Later, Ong encouraged the award recipients to be part of MCA's think tank.
Did you find this article insightful?