HESLB Tanzania - GUIDELINES AND CRITERIA FOR ISSUANCE OF STUDENTS’ LOANS AND GRANTS. IMPORTANT INSTRUCTIONS TO ALL LOAN APPLICANTS HESLB - Online Loan Application and Management System (olas) OVERVIEW The Higher Education Students’ Loans Board (HESLB) was established by Act No. 9 of 2004 and became effective in July 2005. HESLB is mandated to, among others, issue loans and or grants to needy and eligible students. All loan applicants are reminded to: Read and follow application procedures stated in these guidelines Ensure that the Form Four Index Number provided when applying for loans matches with the one used in your application for admission; Ensure that all documents submitted to support your application have been certified by relevant authorities as specified in the guidelines; Ensure that all birth/death certificates and other certificates are certified by Registration, Insolvency and Trusteeship Agency (RITA), and Zanzibar Civil Status Registrati...