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University students to receive HELB loans on M-PESA

University students to receive HELB loans on M-PESA
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HELB, Safaricom Launches A Smart Mobile App For Loan Repayment

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HELB Chief Executive Officer, Charles Ringera (left) and Safaricom Chief Financial Services Officer, Sitoyo Lopokoiyit (right) pose for a photo while holding the MOU signed between M-Pesa and HELB during the official launch of M-Pesa HELB partnership.
Safaricom in conjunction with the Higher education Loan’s Board (HELB)has today partnered with the Higher Education Loans Board (HELB) has today rolled out a smart mobile payment solution for students of tertiary institutions to access and utilise their loans and bursaries.
The solution will aid HELB to promote responsible spending with the funds locked for specific allocations, such as tuition or library fees only accessible to the specific Paybill account of the recipient’s University or TVET institution. The students upkeep allowance can now be transferred into the student’s M-PESA wallet for everyday use. ....

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