Dar es Salaam, Dec. 21 -- DAR ES SALAAM: THE Higher Education Students Loans Board (HESLB) has achieved a significant milestone, increasing its annual loan repayment collections from 55 million/- in 2005 to 177bn/- as it celebrates its 20th anniversary since establishment.

The increase is an average of between 15bn/- and 16bn/- collection per month, compared to 1.8m/- to 2m/- that was being collected monthly in 2005

This achievement is attributed to the significant progress made by the government during various phases, particularly the sixth phase under President Samia Suluhu Hassan, which included the establishment of effective management systems for the disbursement and collection of loans from the beneficiaries.

Furthermore, amendme...