HELB loan defaults Stories
HELB said applicants who registered using their KCSE index number must now revise their account details by adding their national ID number and first n...
According to the Auditor General’s report, of the Sh22.96 billion allocated to the Hustler Fund in the 2022/2023 budget, only Sh12 billion was spent.
The Auditor General’s report has exposed major gaps in the management of the fund, showing the State Department for Cooperatives only spent Sh12 billi...
According to HELB CEO Geoffrey Monari, accountants top the list of non-payment, with only 11 per cent of the active ones repaying their loans. Out of...
One of the key proposals is to expand the scope of agency notices to include non-resident persons, allowing the commissioner to recover unpaid taxes f...
Besides directing auctioneers to begin recovery, City Hall has secured court orders to support the process and formally requested the Ministry of Land...
Auditor General Nancy Gathungu told MPs that there was no proof the borrowers were untraceable or incapable of repayment, raising concerns about trans...
Sakaja also revealed that residents living in council houses without paying land rates for more than 10 years had been evicted, saying the city had lo...
The CBK survey revealed that banks plan to ramp up loan recovery efforts in eight of the 11 economic sectors and maintain the current pace in the rema...
The registration process, which targets previously unlisted properties, will be handled at locations spread across the affected wards.
The chairperson of the National Assembly’s Committee on Trade, Industry and Cooperatives Bernard Shinali demanded a proper explanation from the PS, qu...
In the case filed by the Masonic Trustees, the society claims that the county was aware that they were exempt from paying rates.
The facility, which serves hundreds of motorists daily, will now be managed by City Hall until the full amount is paid.
The building, located in the city centre, reportedly owes over Sh19 million in land rates.
County officials say they have no choice but to act, with the total land rates debt now approaching Sh50 billion.
The move comes after the expiration of a waiver period that ended on April 30, during which landowners were allowed to regularise their accounts witho...
Findings indicate that thousands of borrowers were either below the legal age of 18 or had not yet been born when the funds were disbursed.
Deputy President Kithure Kindiki has directed SHA to roll out the new algorithm by February 28, saying it will make premium contributions more predict...
Susan Mang'eni, the PS for the State Department of MSMEs confirmed that these two million borrowers have achieved higher credit scores by repaying the...
The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.
Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.
Audit shows Kenya Railways' revenue from its operations was insufficient to cover the maturing loan obligations, leading to additional penalties.
The action follows the expiration of the second waiver for land rate penalties and interest, which required owners to settle the principal.
Government ministries, departments, and agencies (MDAs) and county governments are the main defaulters on power bills.
