Helb recovers KES 620m from defaulters
05 July 2013, 15:48
Nairobi - During its two-month amnesty period, Higher Education Loans Board (Helb) has recovered a record KES 620 million out of its outstanding loans which will be used to fund more students.
Business Daily reports that as of Friday noon, 7 per cent of defaulted loans (KES 8.3 billion) had been cleared with figures expected to rise come the end of the exercise on July 6.
This comes after the agency added another 30 days to its one-month waiver the student financier floated the amnesty to make it easy for the defaulters to pay up and to maximise its loan recoveries.
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