HESLB 570 Billion To Be Loaned for the academic year 2022/2023

HESLB 570 Billion To Be Loaned for the academic year 2022/2023

HESLB 570 Billion To Be Loaned for the academic year 2022/2023 The Higher Education Student Loans Board expects to provide loans worth TZS 570 Billion for the academic year 2022/2023. Presenting the Revenue and Expenditure Budget Estimates for the year 2022/2023, the Minister of Education, Science and Technology, Prof. Adolf Mkenda (MP) said the Government through will continue HESLB will continue to coordinate applications, analysis and lending to qualified students and criteria.HESLB,www.heslb.go.tz,heslb.go.tz

“The government has continued to seek various sources of funding for higher education in the country with the aim of increasing access to higher education to meet the needs of the growing demand for loans for higher education students” said Prof. Mkenda.


In addition Prof. Mkenda said HESLB hopes to strengthen the use of ICT in 19 institutions of higher learning in teaching, learning and management with the aim of strengthening the environment for the provision of education at that level.

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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

Strategic Pillars:

  1. Optimal lending and collections of loans
  2. Re-engineering of business processes
  3. Strategic Partnering

Core Values:

  1. Accountability                        –  We feel obliged to pursue excellence
  2. Commitment and Integrity       –  We are focused on serving with integrity
  3. Teamwork                              –  We collaborate to achieve common goals
  4. Equity                                   –  We value inclusiveness, fairness and justice
  5. Delivery                                 –  We strive to provide high quality services