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HELB to Publish Names and Pictures of Student Loan Defaulters in All Leading Newspapers

Georgina Korir

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In a bid to save needy children who need loans, the Higher Education Loans Board (HELB) is set to publish the names and pictures of defaulters.

The board has said it shall publish in all leading newspapers, all the names and pictures of beneficiaries who have defaulted from 1975 to date.

In a statement, HELB said “Some beneficiaries who are in default have not responded to previous communication …therefore sustained default, hinders funding of other deserving Kenyan youth,”

The whole matter would take effect after the expiry of 30 days from issuance of the notice and any individual listed as a defaulter would be prone to legal action.

“Beneficiaries who are not servicing their loans are therefore advised as to get in touch with HELB for particulars of their loan accounts,” HELB added.

“…and any other inquiry on loan status may be confirmed via the loaner portal on the website.”

A total of 215,778 loanees have cleared their loans worth Sh21.5 billion as compared to 190,554 cleared loanees holding Sh18.2 billion in June 2018.

The board said at least 85,000 Helb loan defaulters expected to pay Sh52.1 billion are on the run.

As at June 2019, a total of 61,038 loanees holding Kshs. 6.1 billion are in default as compared to 61,700 holding Sh6.55B at the end of June 2018.

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