A Thesis/Dissertation Submitted in Partial Fulfillment of the Requirements for the Award of the Degree of Master of Business Administration in Corporate Management (MBA-CM) to Mzumbe University.The purpose of this study was to find out the situation of loan management in Tanzanian higher education Students Loans Board particularly in provision and recovery of loans. The present study “Management of Provision and Recovery of Loans to the Tanzanians’ Students of Higher Learning Institutions” the main objectives of this study are: to understand the system used by HESLB in management of provision and recovery of loans, to determine the criteria used in identifying applicants who deserve to be given loans, to highlight the procedures used by HESLB during the provision and recovery of the students loans, to highlight the challenges/ problems areas and gather the suggestions to the challenges and to find out the situation on major operation of HESLB and to recommend appropriate course of action. In order to achieve these objectives, Primary data were collected by questionnaires and interview from 40 respondents extracted from HESLB staffs at both Loan Allocation and Disbursement Directorate and Loan Repayment Directorate whereby Secondary data were extracted from both official and non official HESLB manuals. The researcher found that, from the questionnaire schedules and interview conducted to HESLB employees the main functions of HESLB are: Control and management of any loan funds, to administer and supervise the whole process of payment and repayment of loans, to establish operational links with higher learning institutions and employers, to recover all loan moneys owed by former students loan beneficiaries since 1994/1995 and to conduct research on other local and external scholarships. Therefore, despite the measures being taken by the Government to address the problem, still the researcher realized that there is a need to carry out the study at Higher Education Students Loans Board to avail some facts on the management situation in provision and recovery of loans. It is recommended that the Government through HESLB should involve other stakeholders in financing or issuing loans to higher learning students, review of loans issuing and recovery criteria.