Email: lakeregionbulletin@gmail.com
Phone: + 254 787 043 173
Tel: + 254 757 265 656

KMTC students join the list of HELB beneficiaries

Date:

Share post:

The Kenya Medical Training College (KMTC) on Wednesday October 26, 2022 joined a handful of public universities, national polytechnics and TVET institutions in receiving funds from the National Treasury to finance student education.

As part of a joint effort with the Higher Education Loans Board (HELB), the college received an allocation of Sh.680 million. 

During the launch of the fund in Nairobi KMTC officials described the move as one of the largest allocations in financing students’ education in the college’s history.

“The funding targets students from the most vulnerable backgrounds. We have so far received the first tranche of Ksh 170 million, and we encourage eligible students to apply,” said Board Director Zachary Muburi-Muita.

KMTC Students

Currently, the institution has more than 54,000 students undertaking Higher Diplomas, Diplomas, Certificates and Short courses.

Of these, 13,187 accounts have matured for repayment, with 2,500 students already having paid back in full, and a further 7,000 in the process of repaying

HELB CEO

Muita urged the students to explore other available financial assistance as well as take up legitimate jobs to supplement the funding, noting that the allocation may not be sufficient.

In the arrangement, HELB will receive and administer funds on behalf of the College, in addition to setting up the criteria and conditions governing the granting and disbursement of financial assistance.

KMTC Director Dr. Kelly Oluoch thanked the National Government for considering the College, noting that the funding will be a big relief for many needy students currently on the verge of dropping out of the College due to lack of fees.

HELB Beneficiaries

HELB CEO Mr. Charles Ringera revealed that around 49,000 students have in the past benefited from the loans.

“Of these, 13,187 accounts have matured for repayment, with 2,500 students already having paid back in full, and a further 7,000 in the process of repaying,” he said.

Adding that: “The total amount repaid by KMTC students totals to Ksh 205 million from an initial disbursement of Ksh 3.5 billion.”

The two institutions have outlined a raft of measures to ensure the sustainability of the funding, including setting up a joint resource mobilization.

Austine Ogalo
Austine Ogalohttp://www.lakeregionbulletin.co.ke
Lake Region Bulletin is your one stop multi-media platform for news and stories from the Lake Region counties of Kisumu, Siaya, Homabay ,Migori, Siaya, Kissi,Nyamira, Vihiga, Kakamega, Busia, Bungoma, Trans Nzoia, Nandi, Kericho and Bomet email:ogalo@lakeregionbulletin.co.ke austineogalo02@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Exploitative domestic work biggest threat to ending child labour in Kenya

Children right advocates now want more efforts put towards fighting exploitative child domestic work. This follows reports of increased...

Victim blaming biggest hinderance to ending Gender Based Violence

Victim blaming still remains one of the biggest hinderances to ending Gender Based Violence. This assertion came out during...

FALSE: Image of boy with a nail on his skull is not in Eldoret

The image was posted by Geoffrey Mosiria on his X and Instagram account on 27th, March 2024.  This X ...

School heads risk jail terms for holding Knec certificates

A civil rights organization has commenced collection of statements from students whose national examination certificates are being held...