Higher Education Loan Board, HELB has increased financial support given to Kenya Medical Training College (KMTC) students after beneficiaries set a good repayment record.
While speaking in Nairobi during the launch of an education financing scheme for KMTC students, Helb Chief Executive Officer Charles Ringera said Sh2.9 billion in loans was dispatched to medical students during the 2021/2022 academic year, benefitting a total of 49,166 learners.
“A total of Sh3.5 billion was disbursed to learners during the said academic year, a chunk of which went to KMTC students,” said Ringera.
HELB CEO Ringera further urged beneficiaries of Helb financing to repay their loans in time to enable the board to support more needy students
According to Ringera, the board has received a total of Sh205 million repayment from KMTC students.
“At least 2,500 KMTC students have completed payment of their loans, and a further 7,000 learners are in the process of repaying,” said Ringera, adding that 13,187 loan accounts had matured for repayment.
During the event, KMTC received Sh680 million from the National Treasury to boost support for students in the current academic year.
Zachary Muburi who is KMTC Board Chairman noted that the partnership with HELB will see the medical college benefit from an additional Sh170 million.
“It is our resolve, as a board, to continue providing good leadership for the college to effectively mobilise and utilise resources to meet its strategic objectives,” said Muburi.
Dr Kelly Oluoch The Chief Executive Officer – KMTC , swore he will see to it that the money goes to the most deserving cases, and further added that the criteria for selecting beneficiaries has already been developed.