Higher Education Loans Board reaches out to private sector to boost fund

By Frankline Sunday. The Higher Education Loans Board is reaching out to the private sector and individuals in a bid to boost the value of its revolving fund. This, the board hopes, will help it increase its lending capacity, which has been hard hit by a sharp increase in the number of students enrolled in the country’s institutions of higher learning. The board recently announced the launch of the Afya Elimu Fund, a joint partnership between Helb, Usaid, the Kenya Private Sector Alliance and selected government ministries. The private-public partnership hopes to raise Sh1.5 billion that will go towards providing education loans for health studies. More...