Ruto anafanya kazi: Helb interest removed.

Aviator

Elder Lister
This is good news and hopefully will be backdated to watu kama sisi. If they take off the interest and penalties on my loan, I will pay it in full the next day.

Isn't HELB allocated money from the budget?
Hii extra itatoka wapi saa hii?
 

Okiya

Elder Lister
If they take off the interest and penalties on my loan, I will pay it in full the next day.

There was a penalty waiver introduced during COVID times which ended in April 2022. Mbona hukulipa then?

Alafu why do you want your interest to be waived? Isn't that you asking for something like subsidies which you were against in the KPLC thread yesterday?
 

Denis Young

Elder Lister
There was a penalty waiver introduced during COVID times which ended in April 2022. Mbona hukulipa then?

Alafu why do you want your interest to be waived? Isn't that you asking for something like subsidies which you were against in the KPLC thread yesterday?
How is it a subsidy and I am restoring the principal. The interest on HELB is not only high but irresponsible. How do you attach a ball and chain to young naïve students, who till today have never even gained formal employment?
 

Denis Young

Elder Lister
Hii sii immediately like the Hustler Fund?
I thought Rutos promises are tied to a 100-day period
I don't think so. Hustler fund was quite easy to do because it was just reallocating some few billions within a ministry for the first tranche. The second and third tranche will need the supplementary budget and parliamentary approval.

Hii ya Helb will need to go through parliament juu it is being turned in NSFC where the allocation is going up to 22B and no interest. It will combine a variety of funds into one.
 
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