{"id":21268,"date":"2021-01-06T20:05:36","date_gmt":"2021-01-06T20:05:36","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=21268"},"modified":"2021-01-06T17:49:46","modified_gmt":"2021-01-06T17:49:46","slug":"heslb-told-to-engage-tra-nida-to-recover-loans","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans","title":{"rendered":"HESLB told to engage TRA, NIDA to recover loans"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>DEPUTY Minister for Education, Science and Technology, Mr Omary Kipanga advised Higher Education Students\u2019 Loans Board (HESLB) to collaborate with other stakeholders to recover loans from beneficiaries working in the private sector.<\/p>\n

He said stakeholders such as the National Identification Authority (NIDA) and Tanzania Revenue Authority (TRA) must be involved to easily reach the beneficiaries.<\/p>\n

\u201cFor you to have financial ability to provide more loans to new and continuing students, it is crucial to increase your budget, and to achieve that, it is important to work with these stakeholders in order to reach various beneficiaries, especially those in the private sector,\u201d he said.<\/p>\n

More than 1.2tril\/- is due for collection by HESLB from its beneficiaries.<\/p>\n

The board has also disbursed 4.8tril\/- to over 583,600 Tanzanians since 1994\/95, with 1.8tri\/-or 47 per cent of the entire disbursement released within the last four years under President John Magufuli.<\/p>\n

Tanzania introduced the students\u2019 loan scheme for the first time in 1994 to cover accommodation and meal expenses for all learners with admission to public and private accredited higher learning institutions.<\/p>\n

And, over a decade later, in July 2005, the government established HESLB for two major tasks: loan allocation to needy and qualified students; and collection of outstanding mature loans.<\/p>\n

According to HESLB Executive Director, Abdulrazaq Badru, in January 2019, the board managed to collect 94.01bn\/- from loan beneficiaries from January to December 2018, surpassing the target of collecting 71.4bn\/- in a six months\u2019 period.<\/p>\n

Badru said the collection is equivalent to 8.7 per cent increase compared to 85.88bn\/- collected in the corresponding period in 2017.<\/p>\n

\u201cIn the past four years, the board has collected 574bn\/-, almost 90 per cent of the total 641bn\/- recovered since HESLB establishment in 2005,\u201d Mr Badru said, crediting President Magufuli with the great success.<\/p>\n

The recovered amount accounts for 63 per cent of the students\u2019 1.01tri\/-matured loans, putting the board\u2019s non-performing loans at 37 per cent.<\/p>\n

He said under the current environment of improved working relations between the board and other stakeholders, compulsory HESLB deductions and beneficiaries\u2019 willingness to repay, the board will greatly improve the loan recoveries in the near future.<\/p>\n

\u201cThe board\u2019s loan recoveries have within four years increased almost ten folds, from 21bn\/- in 2014\/15 to 183bn\/-in the 2018\/19 fiscal year,\u201d said Mr Badru.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. DEPUTY Minister for Education, Science and Technology, Mr Omary Kipanga advised Higher Education Students\u2019 Loans Board (HESLB) to collaborate with other stakeholders to recover loans from beneficiaries working in the private sector. He said stakeholders such as the National Identification Authority (NIDA) and Tanzania Revenue Authority (TRA) must be involved to easily […]<\/p>\n","protected":false},"author":84,"featured_media":21267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12,16],"tags":[6990,6991,711],"class_list":["post-21268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nHESLB told to engage TRA, NIDA to recover loans - Tanzania<\/title>\n<meta name=\"description\" content=\"DEPUTY Minister for Education, Science and Technology, Mr Omary Kipanga advised Higher Education Students\u2019 Loans Board ( ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HESLB told to engage TRA, NIDA to recover loans\" \/>\n<meta property=\"og:description\" content=\"DEPUTY Minister for Education, Science and Technology, Mr Omary Kipanga advised Higher Education Students\u2019 Loans Board ( ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T20:05:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/01\/img-5ff5f8250df83.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"542\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"HESLB told to engage TRA, NIDA to recover loans\",\"datePublished\":\"2021-01-06T20:05:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans\"},\"wordCount\":389,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/01\/img-5ff5f8250df83.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/heslb-told-to-engage-tra-nida-to-recover-loans\",\"name\":\"HESLB told to engage TRA, NIDA to recover loans - 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