Business Daily | by Lynet Igadwah
The Higher Education Loans Board (Helb) has raised Sh1.5 billion from external sources to plug funding gaps amid rising defaults in student loans.
The agency said it had raised the funds from partners to supplement government capitation that has failed to keep pace with the growing student population.
“Partnerships with corporates, development partners, counties, trusts and foundations, individuals as well as ministries, departments and Agencies (MDAs) has raised Sh1.55 billion that has gone to supporting over 35,000 students,” said Helb CEO Charles Ringera…
