Wednesday, January 25, 2012

Bodi ya mikopo yatoa Orodha ya wanaodaiwa (Loan Defaulters)

Jamani mambo ya mikopo ya Chuo naona yameanza sasa kwa kasi.
Hayo ndio masharti yake na pia wameweka Orodha yao tembelea tovuti yao hapo chini

The said Loan defaulters are further notified that after expiry of this notice the following consequences shall fall upon those who will have not communicated or submitted their information to the Board or to the Debt Collectors:-

  1. Shall be liable to legal action as per Sect. 19 (a) (1) of the HESLB Act.
  2. Shall be subjected to additional monthly Penalty of 5% p.a. on the outstanding loans, over and above the 5% that was levied earlier.
  3. Shall have his/her outstanding loan loaded with the cost of tracing that will be charged after being traced by the Debt Collection Agent of the Board.
  4. Shall be blacklisted and his/her information shall be submitted to the Credit Reference Bureaux, following which they shall be barred from access to credit facilities from all Financial Institutions.
  5. Shall be barred from securing Government scholarships or admission for Postgraduate studies in any Higher Learning Institution within and outside the country.
  6. Their details shall be submitted to the Ministry of Home Affairs, Department of Immigration and all Embassies where they will be denied approval for travelling abroad.

Loan beneficiaries who are self employed or unemployed are also required to provide such information.



Labels: