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Sluggishness at Malawi Higher Education Students’ Loans Board, recovers a meagre MK35 million

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LILONGWE-(MaraviPost)-The country’s Higher Education Students’ Loans and Grants Board recovered a measly MK35 million in the nine months of the exercise of the MK1.7 billion which it targets to collect within the 12 months running up to March 2017. The Board’s Executive Director Chris Chisoni told The Daily Times that his office will not be able to recover the MK1.7 billion loans within the remaining three months from former universities students.

chrischisoniChris Chisoni: The MK1.7 billion target unrealistic

Tanzania: Student Loan Board Visits Employers

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 The Higher Education Students' Loans Board (HESLB) loan repayment task force has started physical verification to employers who failed to deduct or remit money deducted from loan beneficiaries in their organization.

In December last year, HESLB Executive Director, Mr Abdul-Razaq Badru directed employers who have not been making any deductions or remitting the deductions to do so before the task force starts executing its duties.

 
 
 
 

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