HELB Threatens To Publish Names And Photos Of Loan Defaulters
The Higher Education Loans Board (HELB) has threatened to publish names and photos of the 85,000 loan defaulters.
In a newspaper notice HELB has given the defaulters 30 days to clear their loans or have their names and photos published in the daily newspapers.
“Some beneficiaries who are in default have not responded to previous communication addressed to them yet the funds received from loan repayment are used to support the current needy students therefore sustained default hinders funding of other deserving Kenyan youth,” read the notice.
“please take note that the names and pictures of HELB loan beneficiaries who have defaulted repayment of the loan from 1975 to date shall be published in the leading newspapers after expiry of 30 days notice,” further read the notice.
The board has further threatened to take legal action against each defaulter as stipulated in the HELB Act.