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Fund pain

ANTOINETTE CONNELL, [email protected]

Fund pain

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BETRAYED RELATIVES and friends want authorities to make a greater effort to hunt down Student Revolving Loan Fund (SRLF) defaulters before coming after the sureties.

Several guarantors yesterday recounted horror stories of hardship as a result of having to pay back money after signing for the delinquents, some of whom appeared in a list last Sunday naming and shaming them to recover millions.

The sureties, who have been asked to pay up, one to the tune of $73 000, have vowed never again to sign for anyone, not even their mothers.

One guarantor on the verge of retirement said he had suicidal thoughts and later became vengeful after reaching out to a former colleague who flatly refused to repay the loan. Another, a firm believer in education, said he fought off bitterness after not hesitating to sign for a policeman who later absconded. (AC)

Please read the full story in today’s Daily Nation, or in the eNATION edition.