HELB gives loan defaulters 100 per cent waiver

One can use Bonga Points to repay the loan.

Speaking during a consultative forum with employers, Education CS Amina Mohammed called upon the beneficiaries to take up the advantage and repay Sh8.1 billion owed by 78,000 graduates.

“78,000 loanees owe HELB KSh 8.1B. With 100% penalty waiver until June, we call upon all the beneficiaries to take advantage of the generous offer by the government.

"From today 3rd May, 2018 to 30th June, 2018, all HELB loan beneficiaries will benefit 100% penalty waiver,” Amb. Amina Mohammed said.

Bonga points

In the latest turn, HELB has also enabled a feature which will allow Safaricom PLC subscribers to repay their loan using Bonga Points, through redeeming.

“Embracing cryptocurrency, you can use your Safaricom PLC Bonga points to repay your HELB loan,” HELB Chief Executive Officer, Charles Ringera told the employers forum in a Nairobi hotel.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Gubernatorial hopefuls rush against time to pick running mates

Gubernatorial hopefuls rush against time to pick running mates

Kalonzo to run for president, unveils running mate

Kalonzo to run for president, unveils running mate

Raila finally picks Martha Karua as his running mate [Video]

Raila finally picks Martha Karua as his running mate [Video]

Which way for Gideon Moi, presence in Kalonzo and Raila events leaves questions

Which way for Gideon Moi, presence in Kalonzo and Raila events leaves questions

Nairobi Expressway motorists report traffic jam on 3rd day of trials [Photos]

Nairobi Expressway motorists report traffic jam on 3rd day of trials [Photos]

Karua arrives at KICC ahead of unveiling of Raila's running mate [Video]

Karua arrives at KICC ahead of unveiling of Raila's running mate [Video]

Gachagua vows not to hunt President Kenyatta after retirement despite persecution

Gachagua vows not to hunt President Kenyatta after retirement despite persecution

I am innocent, corruption allegations are politically motivated - Gachagua

I am innocent, corruption allegations are politically motivated - Gachagua

330 phonecalls: How Rigathi edged out Kindiki to become Ruto's running mate [Video]

330 phonecalls: How Rigathi edged out Kindiki to become Ruto's running mate [Video]