Safaricom and the Higher Education Loans Board (HELB) of Kenya have teamed up to launch the HELB Mobile Wallet and the HELB M-PESA Mini App. This partnership aims to empower students by providing them with a more efficient way of receiving the upkeep portion of their student loans directly to their M-PESA account. The partnership also introduces the HELB M-PESA Mini App, where HELB beneficiaries can manage their accounts.
Through the HELB Mini App, beneficiaries can withdraw funds, repay loans, apply for subsequent loans, view their loan status and access their statements all from an Android or iPhone app. The app will be available to all M-PESA customers in the “Services” section on the M-PESA Super App. Those who have already registered their mobile phone numbers with HELB can activate the Mini App by entering their phone number and setting a PIN. Beneficiaries who have not yet registered their mobile numbers with HELB can link their phone number registered to the same National ID linked to their HELB account to activate the Mini App.
All beneficiaries will have the option to receive the upkeep portion of the HELB loan through M-PESA or the mobile wallet. This option will first be available to first-year students making their first application, with the option gradually being rolled out to existing HELB beneficiaries in their second and later years of study.