REMINDER NOTICE TO ALL LOAN BENEFICIARIES WHO HAVE NOT STARTED TO REPAY THEIR HIGHER EDUCATION STUDENTS’ LOANS.

The Higher Education Student’ Loans Board (HESLB), hereby notifies all loan beneficiaries who are not servicing their loans and whose names appear on the website of the Board (www.heslb.go.tz) that it is a legal requirement as per section 19 (i) of the HESLB Act. No. 9 of 2004 (as amended), that all loan beneficiaries should submit to the Board or to the Debt Collectors assisting the Board to recover the loans, information which would facilitate repayment of their loans. To this end, Loan Beneficiaries whose names appear in the Board website are hereby reminded to furnish the Board with the necessary information regarding their whereabouts and current employment, within 21 days from the date of this notice, in the following format:S/N Check/PF Number Form IV Index No. and Year of Completion Full Name of employee as used during Study Name of Institutio(s) of Higher Learning Year of entry of studies Year of completion of studies Academic award Current Postal Address Current Mobile No. and Email Name and Address of current employer

The said Loan defaulters are further notified that after expiry of this notice the following consequences shall fall upon those who will have not communicated or submitted their information to the Board or to the Debt Collectors:-
Shall be liable to legal action as per Sect. 19 (a) (1) of the HESLB Act.
Shall be subjected to additional monthly Penalty of 5% p.a. on the outstanding loans, over and above the 5% that was levied earlier.
Shall have his/her outstanding loan loaded with the cost of tracing that will be charged after being traced by the Debt Collection Agent of the Board.
Shall be blacklisted and his/her information shall be submitted to the Credit Reference Bureaux, following which they shall be barred from access to credit facilities from all Financial Institutions.
Shall be barred from securing Government scholarships or admission for Postgraduate studies in any Higher Learning Institution within and outside the country.
Their details shall be submitted to the Ministry of Home Affairs, Department of Immigration and all Embassies where they will be denied approval for travelling abroad.

Loan beneficiaries who are self employed or unemployed are also required to provide such information.

The names, addresses and other details of the Debt Collectors are as follows:SN Name Address Office Location E-mail Fax/Tel
1 Msolopa Investment Company Ltd
P. O. Box 40561,

Dar es Salaam
Nkrumah Street,

Plot No. 1083/157,

Apartment No. 101,

Ilala District. msolopainvest@yahoo.com
022-2134010/

0773-963369
2 Nakara Auction Mart
P. O. Box 22453,

Dar es Salaam. Igesa Road nakaraauctionmart@gmail.com 0255 22 2127630
3 Sikonge International Co. Ltd
P. O. Box 40561,

Dar es Salaam
Nkrumah Street,

Plot No. 1083/157,

Apartment No. 101,

Ilala District. – 0757-280957
4 Dodoma Universal Trading Company Ltd
P. O. Box 126,

Dodoma.
Dar es Salaam:

Shekilango Road –

Sinza kwa Remy.

Dodoma:

Kuu Street Fortis Building –
0754-316716/

0716-559906

N. B : This notice is not applicable to any Loan Beneficiary who is currently repaying or who has fully repaid his/her loan.

Issued by:

EXECUTIVE DIRECTOR

HIGHE EDUCATION STUDENTS’ LOANS BOARD

23 January 2012.

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