Kenya Higher Education Loans Board has launched an e-Financial literacy programme that seeks to offer financial education to students in an effort to curb mismanagement of money lent to students.
The institution says they decided to launch the programme since HELB is the first financial institution that the student interacts with and lack financial education.
“This e-financial literacy programme is also as a result of being cognizant that HELB is the first financial institution that the student interacts with thus lack of knowledge on how to manage the finances as the students are fresh from high school,” read part of the statement from HELB.
They aim in aiding the students to understand that HELB is a loan just like any other loan.
The lessons also enlighten the students on loan application process, the reason guarantors’ are important among others.
The lesson will be in form of videos to be watched online or pdf that one can download from HELB website.