HESLB Loan Allocation | Waliopata Mkopo ~ Bodi ya Mikopo 2021/2022
Who We Are
The Higher Education Students’ Loans Board (HESLB) is a body corporate established under Act No.9 of 2004 (as amended in 2007, 2014 and 2016) with the objective of assisting needy and eligible Tanzania students to access loans and grants for higher education.
The main mandates of HESLB include:
1. To assist, on a loan basis, needy students who secure admission in accredited higher learning institutions, but who have no economic power to pay for the costs of their education
2. To collect due loans from loan beneficiaries and use it as revolving fund to sustain operations of the Board
3. To create synergies through establishing strategic partnerships in student financing ecosystem
To provide loans and grants to needy and eligible Tanzanian Students for Higher and Tertiary Education.
To be a reliable and sustainable revolving fund in financing eligible Tanzanian Students for Higher and Tertiary Education.
The core values which will guide HESLB in achieving its objectives are:
We are accountable for our own results, encourage ownership by taking initiatives and doing the right things for our organization. We feel obliged to make things better, to pursue excellence, and to do things in ways that further the goals of our organization. We will be answerable for our actions and the actions of our teams.
Commitment and Integrity
We are passionate and intensely focused on serving our clients (the higher education students) with high level of Integrity to enable them achieve their dreams. We do what we promise we are going to do. As individuals and as an organization, we are dedicated to serve our clients and stakeholders. We value all of our customers and stakeholders with high degree of Integrity.
We are committed to common goals based on open and honest communication and collaboration to one another while showing concern and support for each other and most importantly, our clients. We believe the best results stem from integrating a mix of talents, skills and experiences.
We value inclusiveness, fairness, transparency and justice that we want to see persist, and because of our main existence, we place a particular focus on reflecting the need of the disadvantaged, low-income communities most impacted by our work.
We strive to individualize the client experience, provide high quality services that meet the expectations and requirements of our clients and suppliers. We seeks to add value to our clients’ career through tailored higher education financial support.
Functions Of HESLB
To assume responsibility for the control and management of all loanable funds as vested in the Board.
To formulate the mechanism for determining eligible students for payment of loans.
To administer and supervise the whole process of payment and repayment of loans
To keep the register and other records of students loan beneficiaries under the Board
To advise the Minister on matters of policy and of the law concerning provisions and recovery of loans to students.
To establish operational links between the Board and higher education institutions with student loan beneficiaries for facilitating a smooth, efficient and effective administration of the loan funds
To establish operational links with employers of loan beneficiaries for the purpose of facilitating the recovery of the loans granted.
To establish networking and cooperation links on a mutually beneficial basis with institutions and organizations, be they governmental or non-governmental, local,foreign or international
To conduct research and maintain a data bank on other local and external scholarships, sponsorships and awards that may be accessed by Tanzanian students in need or in search of opportunities and financial sponsorship or assistance for higher education and/or training.
To ensure the overall efficient and effective implementation of the provisions of the Act and of any such other written law concerning Government loans and
To perform such other functions as are conferred upon the Board by or under the Act or any other written laws.