[Source: Business Daily, by Lynet Igadwah]
Some 25,626 beneficiaries of the Higher Education Loans Board (HELB) have re-negotiated or stopped payments due to covid-19 economic hardships that have hurt borrowers’ ability to repay.
The State’s higher-education funder said so far Sh4.6 billion loans or 16 percent of the Sh28.5 billion in its active loan book have been affected.
This highlights the struggle faced by beneficiaries who were making repayments on the strength of their payslips amid layoffs, pay cuts and unpaid leave.
Helb chief executive Charles Ringera said…
