HESLB and RITA seal pact to improve loan application process

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Speaking shortly after the pact was signed yesterday, HESLB executive director Abdul-Razaq Badru said applicants’ birth or death certificates would be verified by RITA before applicants were allowed to apply for loans .

“In this agreement, we will work together to ensure that applicants’ certificates are verified and certified before the loan application window opens,” Badru said.

He further noted that RITA and HESLB have been working together since August of last year and that yesterday this was formalized.

According to him, applicants should not wait until the deadline to start verifying their certificate, instead they should do so whenever they have the opportunity, as the repertoire of loan processes for the year 2021/2022 will be available on the HESLB website in both Swahili languages. and in English, he explained.

“I urge students to carefully read all instructions given before applying once the application window opens from July 1 through August of this year,” he said, adding:

“We will be opening loan applications for two months so that all students / applicants can apply in greater numbers. “

“We are preparing to go and visit all the students who have been selected for national service training in the country to educate them on what is needed when applying for loans.”

Badru further noted that a total of 149,472 students received loans worth 464 billion / and that the government has already allocated 395 billion / – for the next fiscal year.

According to him, the HESLB has already collected 168 billion / – out of the 190 billion / – which were to be collected in the 2020/2021 financial year.

RITA interim chief executive Emmy Hudson said the verification will be done online through the RITA website.

“Students should check their certificate on time so that even minor errors are clarified and they can still apply for loans because no one will be able to apply to the loan board without being certified by us,” she noted, urging for the students to send their certificates with clarity and ensuring that all the details are seen so that we can work on it as soon as possible because once we receive the request we take a maximum of three days to work on it and send the comments to candidates.

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