A short sigh of relief for defaulting farmers as Redforce debt collector exits
April 8, 2018, 6:18pm
Previously disadvantaged farmers who defaulted on Agribank loans expressed a sigh of relief last week when Agribank and Redforce Debt Management bid each other good bye, but it in no way suggests that their problems are over yet.
Redforce won a tender to collect Agribank monies from the farmers and had become a headache to them as its involvement meant additional financial implications on the farmers.
Some farmers that spoke to The Villager admitted that money was being taken from their accounts to pay the debt collecting company for its services on top of that which the bank needed.
“And we would have loved to do that financial obligation with Agribank and not with a third force,” said one of the leading voices of the aggrieved farmers, Kahijoro Kahuure.
“If Agribank had their own debt collectors and we were going to be penalised because of our outstanding debts by Agribank through its debt collectors, many of us would be happier. But for struggling farmers to be given to a third force, to us, that was a slap in the face,” he said.
It is not clear why Agribank has decided not to continue with the debt collecting company as yet but the farmers had called for the immediate removal of Redforce as part of their demands in a protest that saw them nocking at the bank’s door.