Mutula Kilonzo Gives HELB Advice over Loan Defaulters

0
HELB Loan, Higher Education Loans Board

Makueni Senator Mutula Kilonzo has offered Higher Education Loans Board (HELB) advice on what they should do to recover their loans from those who have defaulted.

In a tweet on Monday afternoon, Mutula slammed HELB officials for sleeping on their jobs.

”Free advice to HELB! Don’t waste public funds. The Act is clear on the process of enforcing payments -file a suit for recovery. Unfortunately, a majority of the claims are time-barred. Find a way to recover the loans quietly without disclosing you have been sleeping on the job,” said Mutula Kilonzo.

This comes after HELB threatened to publish names and photos of those who have defaulted on repaying the loans.

We Are Hiring!! Writer

The State body gave them a period of 30 days to repay. They noted that at least 85,000 Kenyans have defaulted on repaying the HELB loans.

“HELB wishes to notify the general public and loan defaulters that the HELB student loan is a government debt which should be repaid as per the terms and conditions on which it was advanced,” read a notice from the State Corporation.

HELB pointed out that defaulting on repaying the loans hinder giving the loans to other needy students.

Those who defaulted have been directed to get in touch with the body for more information through dru@helb.co.ke.

Comments

comments

We Are Hiring!! Writer

Comrade, Share your Thoughts Here

This site uses Akismet to reduce spam. Learn how your comment data is processed.