A five-member delegation from the Higher Education Students Loan and Grants Board of Malawi has completed a week’s study trip in Ghana to under study the Students Loan Trust Fund (SLTF) of Ghana.

The team spent a week studying the processes of their Ghanaian counterparts, focusing on student loan data management, student loan screening processes, loan recovery, tracing of former beneficiaries and strategies being undertaken by the SLTF to diversify its sources of financing.

The visiting team comprised of the Mr. Chris Chisoni the Chief Executive Officer; Mrs. Emma Tambala, Director of Loans; Mr. Kondwani Duwa, the Information Technology Manager; Mr. Geoffrey Chipungu, the Board Chairman; and Mrs. Jean Chikumbanje, the Vice Board Chair.

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Nana Kwaku Agyei Yeboah Chief Executive Officer of the Student Loan Trust Fund, explained that over the eleven years since its establishment, the SLTF has built an efficient, robust and transparent loan disbursement system, which has earned the respect of its counterparts on the continent.

Nana Agyei Yeboah, explained the fund was established in December 2005 under the Trustee Incorporation Act 1962, Act 820 to provide financial resources for the sound management of the Trust for the benefit of students and to help promote and facilitate the national ideals enshrined in Article 28 and 38 of the 1992 Constitution.

He said the funds among other priority objectives provides moneys to support any other activities and programmes for the promotion of relevant courses as determined by the Trustees, in consultation with the Minister.

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He explained that the Students Loans Trust Fund is governed by a Board of Trustees that comprises of distinguished individuals of relevant backgrounds relevant to the business of SLTF.

The leader of the Malawian delegation Mr. Chris Chisoni on his part said that his team learnt a lot during their stay in Ghana, and plans to replicate many of the systems they found in Ghana.

Source: CDA Consult

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