THE Higher Education Loans Board plans to diversify into five avenues that would boost the student loan portfolio.
Higher education demand currently stands at Sh10 billion.
HELB Chief Executive Officer
According to HELB's strategic plan of 2013-18 the loan portfolio would increase from the current Sh7 billion to Sh19 billion by 2018 to cover the number for students in Universities and Colleges.
"Faced with the high demand, HELB is not only transforming to a bank, we plan to venture into specific funds to fulfill the urge of higher education in the country," Ringera said.
To upscale health workers education, HELB is venturing to a fund called
Ringera said USAID would be financing the
"We also have a comprehensive plan to get the private sector on board to give another Sh60 million that will help to cover the entire lot in this cadre," Ringera disclosed.
He added that so far
He said the board would make the pipeline longer for private sector and county governments to participate.
The Accountants body -KASNEB - is arranging for its own fund of Sh10 million per year for a period of ten years, to be managed by the Board.
In the energy field, the
Universities scholarships programmes have funds that HELB thinks it can manage under HELB's revolving funds management scheme.
In another move that would smoke out many defaulters wherever they are, HELB would partner with the
Ringera is the current president of AAHEFA.
He said, for example, in
We will go ahead and partner with the
"This is a proposition we plan to table at AAHEFA for all members to discuss and deliberate," Ringera said.
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