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Of HELB loans and driving licences
Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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But Helb chief executive officer Charles Ringera said a number of parents who are loan defaulters had stood as guarantors to their children seeking the loans.
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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kimanimsc wrote:But Helb chief executive officer Charles Ringera said a number of parents who are loan defaulters had stood as guarantors to their children seeking the loans. This is very unconstitutional, let me run to high court for stay orders pending interpretation  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 12/1/2008 Posts: 1,098
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Angelica _ann wrote:kimanimsc wrote:But Helb chief executive officer Charles Ringera said a number of parents who are loan defaulters had stood as guarantors to their children seeking the loans. This is very unconstitutional, let me run to high court for stay orders pending interpretation Omtata will most probably beat you to it
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Rank: Veteran Joined: 7/3/2007 Posts: 1,635
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As a former (and very repentant) HELB defaulter, I must say I am really impressed by the way Ringera is going after defaulters. In fact I would like to propose that Uhuruto make Ringera the next commissioner of KRA. Who is with me? "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Wakanyugi wrote:As a former (and very repentant) HELB defaulter, I must say I am really impressed by the way Ringera is going after defaulters. In fact I would like to propose that Uhuruto make Ringera the next commissioner of KRA. Who is with me? I have never understood how, or why guys default, especially those with some form of income, I mean the interest rates for helb are low, and they allow one to pay small amounts, that said I find it absurd to 'deny' a needy kid a loan just because the parent did not pay up, that's just crazy, what next they will start stripping of a persons citizenship or not issueing and ID because the parents failed to pay up helb.
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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sitaki.kujulikana wrote:Wakanyugi wrote:As a former (and very repentant) HELB defaulter, I must say I am really impressed by the way Ringera is going after defaulters. In fact I would like to propose that Uhuruto make Ringera the next commissioner of KRA. Who is with me? I have never understood how, or why guys default, especially those with some form of income, I mean the interest rates for helb are low, and they allow one to pay small amounts, that said I find it absurd to 'deny' a needy kid a loan just because the parent did not pay up, that's just crazy, what next they will start stripping of a persons citizenship or not issueing and ID because the parents failed to pay up helb. Ths issue arose because of having quite a large number of defaulters acting as guarantors. Thus the chances of their children defaulting is equally high. "Last year, out of 34,000 applicants for loans that we received, 16,000 parents guaranteed their children, of the 16,000, we discovered that 6,000 were loan defaulters"
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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kimanimsc wrote:sitaki.kujulikana wrote:Wakanyugi wrote:As a former (and very repentant) HELB defaulter, I must say I am really impressed by the way Ringera is going after defaulters. In fact I would like to propose that Uhuruto make Ringera the next commissioner of KRA. Who is with me? I have never understood how, or why guys default, especially those with some form of income, I mean the interest rates for helb are low, and they allow one to pay small amounts, that said I find it absurd to 'deny' a needy kid a loan just because the parent did not pay up, that's just crazy, what next they will start stripping of a persons citizenship or not issueing and ID because the parents failed to pay up helb. Ths issue arose because of having quite a large number of defaulters acting as guarantors. Thus the chances of their children defaulting is equally high. "Last year, out of 34,000 applicants for loans that we received, 16,000 parents guaranteed their children, of the 16,000, we discovered that 6,000 were loan defaulters"  , it does not matter, your parent is not you, and they should not use your parents character to dictate how your loan is processed.
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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sitaki.kujulikana wrote:kimanimsc wrote:sitaki.kujulikana wrote:Wakanyugi wrote:As a former (and very repentant) HELB defaulter, I must say I am really impressed by the way Ringera is going after defaulters. In fact I would like to propose that Uhuruto make Ringera the next commissioner of KRA. Who is with me? I have never understood how, or why guys default, especially those with some form of income, I mean the interest rates for helb are low, and they allow one to pay small amounts, that said I find it absurd to 'deny' a needy kid a loan just because the parent did not pay up, that's just crazy, what next they will start stripping of a persons citizenship or not issueing and ID because the parents failed to pay up helb. Ths issue arose because of having quite a large number of defaulters acting as guarantors. Thus the chances of their children defaulting is equally high. "Last year, out of 34,000 applicants for loans that we received, 16,000 parents guaranteed their children, of the 16,000, we discovered that 6,000 were loan defaulters" , it does not matter, your parent is not you, and they should not use your parents character to dictate how your loan is processed. But your defaulting parent is a Guarantor it matters to HELB!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Angelica _ann wrote:sitaki.kujulikana wrote:kimanimsc wrote:sitaki.kujulikana wrote:Wakanyugi wrote:As a former (and very repentant) HELB defaulter, I must say I am really impressed by the way Ringera is going after defaulters. In fact I would like to propose that Uhuruto make Ringera the next commissioner of KRA. Who is with me? I have never understood how, or why guys default, especially those with some form of income, I mean the interest rates for helb are low, and they allow one to pay small amounts, that said I find it absurd to 'deny' a needy kid a loan just because the parent did not pay up, that's just crazy, what next they will start stripping of a persons citizenship or not issueing and ID because the parents failed to pay up helb. Ths issue arose because of having quite a large number of defaulters acting as guarantors. Thus the chances of their children defaulting is equally high. "Last year, out of 34,000 applicants for loans that we received, 16,000 parents guaranteed their children, of the 16,000, we discovered that 6,000 were loan defaulters" , it does not matter, your parent is not you, and they should not use your parents character to dictate how your loan is processed. But your defaulting parent is a Guarantor it matters to HELB!!! if you read the article, Quote:“We will not deny the students loans since they are entitled to it but in case of defaulting parents we will demand that they start to repay their loans or commit as a condition of releasing funds to their children,” said Mr Ringera. it seems they are punishing students for their parents sins, plus why accept a guarantor then after issuing the loan punish the student
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