The Chief Executive Officer, Higher Education Loans Board, Mr. Charles
Ringera, through the Human Resource Management Professionals Examination Board [HRMPEB] yesterday signed MOUs for The Certified Human Resource Professionals [CHRP] examination financing at HELB Head Offices at Anniversary Towers in Nairobi.
The MOUs were signed between HELB with Kenya Institute of Management [KIM] by the CEO, Mr. Muriithi Ndegwa and College of Human Resource Management [CHRM] by the Principal, CHRPMargaret K. Kinyanjui .
This MOUs signed are therefore focused on the Postgraduate Diploma loan for students (first degree holders) pursuing Certified Human Resource Professional Courses (CHRP) as beneficiaries of the HELB Jielimishe Loan. The students can apply for up to Kshs.100,000 p.a. At the moment,
students from the following institutions can apply for HELB financing for a Post Graduate Diploma in HR:
1. College of Human Resource Management
2. Kenya Institute of Management
3. Kisii National Polytechnic
4. Aldai Technical Training Institute
5. Coast Institute of Technology
6. Thika Technical Training Institute
7. Mt. Kenya University
8. Sigalagala National Polytechnic
9. Kirinyaga University
“In the last two months, we have so far received 870 interested applicants for the HELB Jielimishe Loan out of which 183 [21%] are specifically requested for the HR Post Graduate Diploma. We are asking salaried Kenyans to visit www.helb.co.ke/jielimishe and apply today,” HELB CEO, Mr. Charles Ringera said.
Mrs. Jane Wanyoike, Ag. CEO, Human Resource Management Professionals Examination Board [HRMPEB] said, “we have over 1,000 candidates who will be sitting for CHRP exams this year in line with the legal requirement that all HR professionals must be certified to practice by 2020.”
For the last 24 years, HELB has empowered the dreams of more than 824,000 students and disbursed over 90 Billion Kenya Shillings. As at 31st January 2019; 438,247 loan accounts worth Kshs. 52.6Billion had matured for repayment, while 386,091 loanees holding Kshs. 37.3 Billion had not matured. A total of 213,193 loanees had cleared their loans worth Kshs. 21.3B. Further, a total of 156,961 accounts valued at Kshs. 24.7B are repaying their loans while 68,093 loanees holding Kshs. 6.6B are in default. The loan portfolio is performing at 70%.
The HELB CEO challenged institutions to come together and partner with HELB to run revolving education funds thereby providing their students with easier accessing to financing.