HESLB announces 30,675 first-year students who have received loans

HESLB Executive Director  Abdul-Razaq 

has announced its first phase list with 30,675 First Year students for the 2019/2020 academic year who have successfully secured loans worth TZS 113.5 billion.

In the current academic year, the Government has allocated TZS 450 billion aimed at benefiting a total of 128,285 students.  Of these, more than 45,000 students are first-year students and another 83,285 are undergraduate creditors.  In 2018/2019, the allocated funds grew to TZS 427.5 billion and benefited a total of 123,283 students including 41,285 first year students.

HESLB Executive Director  Abdul-Razaq Badru, said in the list, men are 19,632 (64%) and women are 11,043 (36%).  Badru explains that credit applicants can open their personal accounts (SIPA - Student's Individual Permanent Account) which they have opened to apply for credit through the HESLB system (olas.heslb.go.tz) to obtain credit information.

In addition, a full list of those students is available on the Board's website - www.heslb.go.tz “With the site, students can open their loan application online like SIPA and see what they have been set up for ...  The TZS 125 billion we applied for payments from October to December this year, ”said Badru.

According to Badru, HESLB is finalizing a second phase list that will be announced before the end of next week and their funds will be sent to colleges in advance before the colleges open.

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