Students Loan Trust Fund publishes names and pictures of second batch of defaulters

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The Students Loan Trust Fund is not cutting its defaulters any slack as it publishes  the second batch of debtors.

The list consisting five females and 15 males has borrowers graduates from the Institute of Professional Studies, University of Ghana, Methodist University College Ghana, University of Cape Coast, Kwame Nkrumah University of Science and Technology, Accra Polytechnic (now Accra Technical University), Ghana Institute of Journalism and Christian Services University.

The Trust is chasing more than 3,000 people who are yet to make a single payment on funds they received since 2006.

The students  borrowed the money to cushion themselves while in school.

Recovery Manager of the Trust Fund Justice Wiafe Sarkodie revealed this to theghanareport.com following the publication of the names and photos of 20 defaulters on Thursday.

The publication, reported by The Ghana Report showed, some of the defaulters have completed school since 2010.

“After yesterday’s publication, we also sent text messages to all our borrowers directing them to our publication.

“At the beginning of the year, we had 10,000 of such debtors who have exhausted their repayment period and have not paid anything, “the Recovery Manager of the Fund said.

Mr Sarkodie also revealed that at least one person from the list it has published was dead but was quick to add that the guarantors of deceased person would be allowed to make claims for the insured loan to be paid to the trust.

“Subsequently, we will take legal action against them if we don’t hear from them from now till the end of the year, “he said.

The publication of the first batch is just one of more than 3,000 names the Fund will be releasing in the coming days.

The 3,000 defaulters who are not paid a dime are among more than 55,000 people who collected loans from the Trust Fund to cushion them while in school but are yet to pay back fully.

Source The Ghana Report/ Seth J. Bokpe
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