Employers’ obligations

• The employer should notify HESLB about new employers of diploma or degree holder.
• Deduct 15% of the loan beneficiaries and submitting to HESLB within 15 days of the coming month after HESLB analysing and submitting the credentials of the beneficiary to the employer.
• Employer who fails to deduct salary to loan beneficiary and not submitting to HESLB within the scheduled period will be charged 10% of the amount of monthly deduction.

Beneficiaries’ Obligations

• Loan beneficiary have to be availed with a loan statement after completion of his studies.
• To start repaying within or after 24 months.
• To repay 15% for those who employed or TZS 100000 for graduates who are self-employed.