Higher Education Loans Board (HELB) loan defaulters and are Safaricom subscribers can now repay their outstanding loans by redeeming their accumulated Bonga points.
Speaking on Thursday, Education CS Amina Mohammed announced a 100 per cent waiver on all Helb penalties effective 3, May till 30, June 2018.
“As an incentive to all past HELB loan beneficiaries, I hereby grant a 100% penalty waiver to all defaulters who will repay their loans in one lump sum between today (3rd May, 2018) and 30th June, 2018,” she said.
— OFFICIAL HELB PAGE (@HELBpage) May 3, 2018
Out of the 396,680 loan accounts that have matured, 81,994 of these accounts worth Sh8.2 billion are not being repaid, the CS stated.
Do you have a story you want told? Do you know of a sensitive story you would like us to get our hands on? Email your news TIPS to firstname.lastname@example.org