Thursday, September 19, 2024

Government employees to receive special loan of up to Sh. 600,000

Government employees to receive special loan of up to Sh. 600,000

On Monday 29th July, the Kenyan government, through the Higher Education Loans Board, announced that all government employees are eligible for education loans.

As announced on X (formerly Twitter), the Jielimishe loan allows all government employees with permanent and pensionable terms to apply for education advancement.

HELB’s statement on social media also mentioned that selected private companies will be able to apply for the Jielimishe loan.

Co-Op post

“Do you have a government job? You can get low-interest loans of up to Sh. 600,000 with an attractive repayment rate of just 10% annual interest,” read HELB’s poster.

Those eligible to apply for the Jielimishe loan include civil servants working in various ministries, as well as county and national government officers.

Members of the Kenyan disciplined forces, including the National Police Service and the Kenya Defence Forces, are also encouraged to apply for the education loan.

NCBA

Additionally, all staff working for public commissions can access the facility. This includes members of the Teachers Service Commission (TSC), Judicial Service Commission (JSC), Public Service Commission (PSC), Commission on Administrative Justice (CAJ), Salaries and Remuneration Commission (SRC), and Commission on Revenue Allocation (CRA).

Kenya among top 10 African countries with the best education system in 2024

Employees at the 290 parastatals across the country are also encouraged to take this opportunity to further their education.

Some notable parastatals include the Kenya Revenue Authority (KRA), National Social Security Fund (NSSF), National Transport and Safety Authority (NTSA), National Health Insurance Fund (NHIF), and Kenya Ports Authority (KPA).

Lecturers and other support staff in public universities and academic institutions are also eligible for the Jielimishe Loan. To check if a private company qualifies for the loan, Kenyans are asked to email inquiry details to [email protected].

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