HELB Chief Executive Officer Geoffrey Monari has singled out professionals in the private sector, notably accountants, doctors, lawyers, and engineers, as the highest loan defaulters, prompting the agency to pursue stricter recovery strategies.
Speaking during a breakfast interview on Citizen TV on Tuesday morning, Monari revealed that the trend of non-repayment was most prevalent among graduates who transitioned into private practice.
He expressed concern over the rising number of beneficiaries failing to honour their loan obligations years after completing their studies.
According to Monari, accountants were among those topping the defaulter list, with only 11 per cent of the active ones servicing their loans.
