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The Higher Education<br />
Loans Board (HELB) is a<br />
state body established by<br />
an Act of Parliament – CAP<br />
213A in 1995 mandated to<br />
provide loans, bursaries and<br />
scholarships to Kenyans<br />
pursuing higher education<br />
in recognized Universities<br />
and Colleges in Kenya and<br />
the East African region<br />
and to recover the same<br />
upon maturity to facilitate<br />
establishment of a revolving<br />
fund. The Board is therefore<br />
well aligned to Chapter<br />
4, Section 43 (1) (f) of the<br />
Constitution of Kenya 2010,<br />
that every person has the<br />
right to education.<br />
HELB has been experiencing<br />
a suppression of loan<br />
recoveries due to the<br />
prevailing effects of the<br />
COVID-19 pandemic. HELB,<br />
in the spirit of Ubuntu – I am<br />
because you are, has therefore<br />
extended a helping hand to<br />
its beneficiaries by waiving<br />
all outstanding penalties<br />
to make it easier for the<br />
beneficiaries to repay their<br />
loans in lumpsum. The Higher<br />
Education Loans Board<br />
[HELB] officially unveiled the<br />
<strong>2022</strong> 100% COVID-19 Penalty<br />
Waiver Campaign dubbed<br />
#KamilishaMalipoYaHELB<br />
on 1 st March <strong>2022</strong> and will<br />
end on 30 th June <strong>2022</strong>.<br />
The Penalty Waiver is<br />
also a move intended to<br />
appreciate loanees for their<br />
commitment to repay their<br />
loans, even with the effects of<br />
the COVID-19 pandemic, and<br />
at the same time encourage<br />
the loanees who haven’t<br />
started repaying their loan to<br />
do so and repay in lumpsum.<br />
The funds collected will be<br />
used to assist in plugging<br />
the deficit between the<br />
Government Capitation and<br />
demand for HELB funding<br />
which has since substantially<br />
risen due to reduced family<br />
incomes caused by job<br />
losses, salary reductions,<br />
underemployment,<br />
retrenchments, failed<br />
businesses, and general<br />
rise in the cost of living for<br />
Kenyans.<br />
“We wish to sincerely thank the<br />
loanees who have since responded<br />
to our Covid-19 Penalty Waiver<br />
Campaign and have repaid<br />
their loans in full. We also take<br />
this opportunity to remind all<br />
beneficiaries to honor their<br />
repayment obligations to enable<br />
us to empower the dreams of the<br />
75,000 students who are at risk of<br />
not being funded this year,” said<br />
Mr. Ringera.<br />
#KamilishaMalipoYaHELB. Take<br />
advantage of this waiver that is<br />
ongoing till 30 th June <strong>2022</strong> and<br />
let us build back together!<br />
For more information on how to<br />
take advantage of this year’s 100%<br />
COVID-19 Penalty Waiver,<br />
visit www.helb.co.ke<br />
Or Email: diaspora@helb.co.ke<br />
5TH EDITION | JULY <strong>2022</strong><br />
29
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