News Nzuri
  • Home
  • Education
  • Business
  • Crimes
  • Jobs
  • Politics
  • Sports
No Result
View All Result
  • Login
SIGN UP
News Nzuri
No Result
View All Result

*HELB Introduces New Mechanism Loan Beneficiaries Should Adopt To Avoid Ksh.5000 Penalty*

Newsnzuri media team by Newsnzuri media team
Reading Time: 2 mins read
243
0
*HELB Introduces New Mechanism Loan Beneficiaries Should Adopt To Avoid Ksh.5000 Penalty*
Share on FacebookShare on TwitterShare onWhatsapp
Join Us On Facebook

For many years, many graduates have defaulted on paying their Higher Education Loans Board (HELB) loans given the high rate of unemployment in the country.

Continue Reading
Join Us On Facebook

 

Join Us On Facebook

 

Continue Reading
Join Us On Facebook
Join Us On Facebook

 

Continue Reading

RelatedPosts

*The Following Primary School Teachers Have Been Asked To Prepare To Be Posted To Junior Secondary School*

*The Following Primary School Teachers Have Been Asked To Prepare To Be Posted To Junior Secondary School*

July 5, 2022
*KNEC:How CBC Examination For Special Needs Students Will Be Administered*

*KNEC:How CBC Examination For Special Needs Students Will Be Administered*

July 5, 2022
*Teachers Handling The Following Subject Combinations To Teach In More Than One School Beginning This Period. PS Report Indicates*

*Teachers Handling The Following Subject Combinations To Teach In More Than One School Beginning This Period. PS Report Indicates*

July 5, 2022
Load More
Join Us On Facebook

The delays in repayments is also a major burden to the unemployed youths as they accumulate monthly penalties of Ksh5,000.

Join Us On Facebook

 

Join Us On Facebook

 

Join Us On Facebook

 

Join Us On Facebook

During an interview on Spice FM on Friday, March 11, HELB Chief Executive Officer, Charles Ringera, revealed ways through which beneficiaries can avoid the monthly penalty charged to defaulters once their loans mature.

 

 

 

Helb Chief Executive Officer Charles Ringera

 

HELB Chief Executive Officer Charles Ringera addressing the media in November 2019.

 

The Standard

 

He stated that many beneficiaries were accumulating a lot of penalties running to hundreds of thousands because they lack information on how to avoid being penalised.

 

Ringera disclosed that graduates can avoid the penalty by paying any amount to the board once their loan due date reaches. He explained that the system would automatically stop crediting the penalties to the accounts once the payment reflects.

 

“If your account is due and you pay something small like the airtime you use in a day, the system usually gets confused and it does not charge you the penalty. That is the literacy we want to teach our customers,” the HELB boss stated.

 

He also disclosed that the body waive the penalties for defaulters who become consistent in paying their dues.

The truth is that nobody pays that Ksh5,000. It is usually debited to your account and in the process that you start paying, we usually waive it by 100 per cent,” he stated.

 

Alternatively, he advised the loanees to visit the HELB offices and detail their loan repayment plan. The CEO stated that the government agency always listens to the pleas of its customers.

 

During the interview, the CEO noted that majority of the graduates were defaulting on their loans, further disclosing that graduates from 2013 to 2018 owed the state close to Ksh3 billion.

 

Such delays in loan repayments have led to the board stretching its budget.

 

On March 1, HELB announced a 100 per cent penalty waiver for all loanees given the financial situation the board was facing.

 

Consequently, the board also opened a portal on their website to waiver applications. The waiver is awarded depending on the amount they owed the board.

 

Through a similar initiative in 2013, HELB collected over Ksh1.3 billion as Kenyans moved to clear their debts.

Join Us On Facebook
Share166Tweet104Send
Previous Post

*2022 Transfer Letters For Both Classroom Teachers and School Administrators To Be Out On This Date. Check Out And Prepare*

Next Post

*Sad! Police Officer Defiles Two Students, Threatens Them If They Dare Report Him. Check The Full Shocking Story*

Related Posts

*The Following Primary School Teachers Have Been Asked To Prepare To Be Posted To Junior Secondary School*
Education

*The Following Primary School Teachers Have Been Asked To Prepare To Be Posted To Junior Secondary School*

July 5, 2022
*KNEC:How CBC Examination For Special Needs Students Will Be Administered*
Education

*KNEC:How CBC Examination For Special Needs Students Will Be Administered*

July 5, 2022
*Teachers Handling The Following Subject Combinations To Teach In More Than One School Beginning This Period. PS Report Indicates*
Education

*Teachers Handling The Following Subject Combinations To Teach In More Than One School Beginning This Period. PS Report Indicates*

July 5, 2022
*MoE New Directive:All Primary And Secondary School Learners To Report Back To School On This New Date In Next Week*
Education

*MoE New Directive:All Primary And Secondary School Learners To Report Back To School On This New Date In Next Week*

July 5, 2022
*The Ministry Of Education Is Hiring 300 General Office Support Staff. Check Out On The Requirements And Apply*
Education

*The Ministry Of Education Is Hiring 300 General Office Support Staff. Check Out On The Requirements And Apply*

July 5, 2022
*KNEC Reveals Two Phases In Which First Grade Six Exams Will Be Administered 2022*
Education

*KNEC Reveals Two Phases In Which First Grade Six Exams Will Be Administered 2022*

July 5, 2022
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advert

Trending Now

*Confirmed! Term One School Closing Dates Extended As Most Schools Plan To Close Early Next Week. Here’s The Final Revised School Calendar*
Education

*Confirmed! Term One School Closing Dates Extended As Most Schools Plan To Close Early Next Week. Here’s The Final Revised School Calendar*

1 week ago
*Newly Updated TSC Grading System And Salaries For All Teachers In 2022/2023 Released Today With Slight Adjustments*
Education

*Newly Updated TSC Grading System And Salaries For All Teachers In 2022/2023 Released Today With Slight Adjustments*

6 days ago
*No More Panic To Parents On Term 2 School Fees As Schools Reopen Dates Extended Slightly As Most Schools Start Closing Today*
Education

*No More Panic To Parents On Term 2 School Fees As Schools Reopen Dates Extended Slightly As Most Schools Start Closing Today*

1 week ago
*TSC CEO Confirms Today That All P1 Teachers Who Undertook The Upgrading Program Will Be Permanently Employed In The July 2022 Teacher Recruitment Program*
Education

*TSC CEO Confirms Today That All P1 Teachers Who Undertook The Upgrading Program Will Be Permanently Employed In The July 2022 Teacher Recruitment Program*

5 days ago
*TSC Finally Identifies 186000 Teachers Who Will Receive Greater Pay As From July. Checkout The Beneficiaries*
Education

*TSC Finally Identifies 186000 Teachers Who Will Receive Greater Pay As From July. Checkout The Beneficiaries*

5 days ago
*Top 10 Marketable TVET Courses For KCSE Grade C-(minus),D+(plus),D (plain) & D- (Minus)Students In Kenya 2022*
Education

*Top 10 Marketable TVET Courses For KCSE Grade C-(minus),D+(plus),D (plain) & D- (Minus)Students In Kenya 2022*

7 days ago
Load More
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Web Design: Mac-Hungo

© 2022 News Nzuri -Getting You The Latest News.

No Result
View All Result
  • Home
  • Education
  • Business
  • Crimes
  • Jobs
  • Politics
  • Sports

© 2022 News Nzuri -Getting You The Latest News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

WhatsApp us