Zambia : Higher Education Loans Board Recovers K20.4 million in the first quarter of 2021

Higher Education Loans and Scholarships Board (HELSB) has announced that it has recovered a total of K20.4 million in the first quarter of 2021.
Announcing the development at a media briefing in Lusaka today, HELSB Chief Executive Officer Irene Chirwa said the number of individuals making direct payments has increased.
Mrs Chirwa said K20.4 million brings the cumulative total to K115.6 Million collected from 2018 to 31st March, 2021.
“Between 1st January and 31st March, 2021, HELSB has recovered a total of K20.4 Million bringing the cumulative total to K115.6 Million collected from 2018 to 31st March, 2021,” she said.
She explained that employers initiated coping strategies including adjustments to their staff compliments aimed at reducing costs which affected the loan recoveries as a result of the Covid 19 pandemic in 2020.

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