Higher Education Loans Board (HELB) will now partner with law enforcement agencies to track graduates both local and abroad who are gainfully employed but have not begun servicing their loans.
HELB CEO Geoffrey Monari who appeared before the National Assembly’s Public Investments Committee on Governance and Education said the move is part of planned strategy to improve the Board’s finances through the intensive loan recovery effort.
“This is not just about finance; it is about fostering a sense of responsibility and patriotism among those who have benefited from the fund. Compliance ensures we can support future generations from needy backgrounds,” said Monari.
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Monari futher revealed that the institution uses the revolving fund — recovering loans to re-lend to aspiring students and the default rates continue to erode the fund’s sustainability.
The HELB is grappling with significant financial challenges that threaten the institution’s continued operations and service to students across the Country.
The committee which is chaired by MP Francis Sigei emphasized the importance of saving HELB, recognizing its critical role in supporting Kenya’s educational infrastructure.
By Obegi Malack
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