As at September 2019,Helb had received only 6,199 loan application forms from first-time applicants in technical colleges, accounting for a paltry 10% of students who had expressed interest in the loan. Helb has budgeted to fund 72,000 students.
Students in TVET institutions have cited lack of information, stringent requirements by HELB and delays in processing funds as factors that hinder them from applying for HELB loans.
We aim to enroll 500 of our mentors for each to assist 10 students to successfully apply for HELB TVET loan, in total enabling 5,000 young people to further their skills by setting up IT centers in rural areas that offer support to post high school youths in the village to apply to HELB and TVETS.