How HELB will easily catch loan defaulters

HELB

Have you benefited from a Helb loan and yet to service it?

If your answer is yes, you may have to do something urgently because police are coming for you.

On Wednesday, Education Cabinet Secretary Amina Mohamed said it is going to be business unusual as the High Education Loans Board (Helb) seeks to recover over 7.2 billion owed by 74,000 defaulters.

She said the crackdown would start any time from now and asked employers to help in tracking them.

“We are also going to partner with our law enforcement agencies to track down those holding jobs and yet are reluctant to stand up to be counted as responsible and patriotic citizens who honour their debts,” she said.

Ms Mohamed said the government plans to track graduates work in the digital space and have defaulted on their loans.

Helb chief executive Charles Ringera said they are also seeking to partner with the Foreign Affairs ministry to track defaulters in the diaspora.

“We are having a large number of graduates leaving the country to work abroad majority who have defaulted,” Mr Ringera said.

They were speaking during the launch of Helb’s 2019-2023 strategic plan in which they have projected a Sh90.7 billion budget.

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