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HESLB 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.