| dc.contributor.author | Machogu, Clifford | |
| dc.contributor.author | Sirma , K | |
| dc.contributor.author | Nzioki, Paul M | |
| dc.contributor.author | Shisia,A | |
| dc.date.accessioned | 2017-11-06T10:58:49Z | |
| dc.date.available | 2017-11-06T10:58:49Z | |
| dc.date.issued | 2017 | |
| dc.identifier.issn | 2348 0386 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/2867 | |
| dc.description.abstract | Despite the various measures taken by Higher Education Loans Board (HELB) in Kenya to
increase its loans recovery, there has been reluctancy by HELB funded University graduates to
repay their loans. In this regard, HELB has put in place several measures with a view to boost
its recovery. Of particular interest to the present study is the monthly penalty of Ksh.5000 with
effect from 2010 which acts as a deterrent measure to would be defaulters. The aim of this
study was therefore to assess the deterrent effect of monthly default penalty on higher
education loan recovery in Kenya. The study used both descriptive design and longitudinal
design. Both primary data and secondary data were collected from all those undergraduate
students who benefitted in any Kenyan university. Descriptive analysis involved means andstandard deviations as measures of central tendencies and dispersion respectively. Inferential
statistics limited itself to regression and correlation analysis. The study found out that there is a
significant association between monthly default penalty and loan recovery. It also found that
monthly default penalty on defaulters was a significant deterrent of HELB loan defaulters. The
study recommends the establishment of a default management program as an extra step to
reducing default rate and ensuring that loanees are aware of their responsibility. It also
recommended that future studies should explore factors that cause loan defaulting. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | International Journal of Economics, Commerce and Management | en_US |
| dc.subject | Deterrent measures | en_US |
| dc.title | An Empirical Assessment of Monthly Default Penalties as a Deterrent Measure of Default on Higher Education Loan Recovery in Kenya | en_US |
| dc.type | Article | en_US |
