The Board issued a further period of 30 days is ending tomorrow, December 30, this year, for the chronic debtors to pay their debts within a given time, otherwise legal action will be taken against them, including forced to hunt down and cover the costs of a trial run.
Despite this, the board will also review the law Loans Board revised recently by Parliament, has begun a strategy of shackling employers who do not fulfill their legal obligation to create a task force to verify employees who presented deductions and names of employees who were owed HESLB, and their punishment will be fined or sentenced to 36 months in prison.
Speaking to journalists in Dar es Salaam yesterday, the CEO of the board, Abdul-Razaq Badru, said after the end of that period of 30 days they gave, all debtors resistant, which until now have not surrendered themselves voluntarily pay their debts will be dried publicly and their image.
"We decided to take this step which we believe will help people identify these debtors board, and kuturahisishia get their information and to hunt down waturejeshee our money," said Badru.
In addition, said the intention of publishing the names and photographs of those debtors to impress upon the public kuutarifu on people who hinder other students miss opportunities to obtain loans for higher education that existing funds are inadequate.
He said the board issued four weeks for the chronic debtors and increase again after two weeks, ending December 30, this year, so the next step is the implementation for those unable to use the opportunity to surrender.
The director said after that time the board had to start publishing the names and photographs of these receivables, available for those who fail to pay their debts, taken legal action as well as cover the cost of the inconvenience of looking for them.
He said the mechanism of lending is a system that enables more students, you get the opportunity to continue their studies to higher education, it is advisable that all students have the opportunity to borrow to make sure they pay on time stipulated by law.
Badru said according to the amendment of the rules of the Board of Credit, imewaongezea time to start paying students who benefited from loans from six months to two years in order to provide an opportunity to organize themselves and seek employment.
In addition, she noted that the law also increased the standard deduction for employees who benefited from HESLB loans from eight percent of their salary to 15 percent.
"We thank the stakeholders to facilitate expressing their views and productivity on the law in this area we recommend standard deduction in arriving up to 30 percent and more, but through various views of stakeholders including MPs suggested rate be 15 percent," he said.
He said in order to fulfill the goal of ensuring that every beneficiary and loans hired pays his debt, with shackling debtors, the board has begun a strategy of shackling employers who do not fulfill their legal obligation through these amendments to the law.
"We've created a task force that includes a team of experts from different parts sensitive, kitakachoanza working from January 2 this year, reviewing all the offices of employers resistant to determine if either had submitted the names of the beneficiaries of these loans or cut without submitting these contributions to the board, "he said.
He said employers who are found to go against the law to kutoisaidia board to find employees who are owed or misrepresenting deductions them, will be punished by law to pay a fine of not less than deductions that were yoshindwa submit them and if they fail they will suffer the penalty of imprisonment for a term of 36 months in prison.
"But this law also imewawajibisha those who borrowed to make sure they send their information to themselves so they can board laying procedure deductions, anyone found misrepresenting his statements and will be held accountable," he stressed.
Similarly, Badru said this amendment of the law, also yamegusa beneficiaries of such loans for higher education, who are not in formal employment, which they are required to restore a minimum of Sh 100,000 per month.
Referring achieved since the board shall issue a voluntary chronic debtors to pay their own debts, said the Director of revenues, increased from two to four billion shillings per month to eight billion shillings.
He said since that time be allowed for a total of 42,700 beneficiaries have manifested themselves voluntarily to pay their debts while others paid the debt, and others ease it.
So far the board has total loans of 300 billion shillings ripe, inazozidai for the chronic debtors and between these funds is only Sh 140 billion is paid.
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