RedForce collects over N$33m for Ondangwa
RedForce Debt Management has recovered over N$33 million from Ondangwa stakeholders who had defaulted on their municipal accounts.
The figure, as at November last year, was revealed by Ondangwa town council spokesperson Petrina Shitalangaho-Mutikisha, who said the money was collected over a period of 10 months.
In September last year, Ondangwa was owed a cumulative N$85 million by institutions, businesses and residents.
When asked what the debt-collection company’s monthly target is, Shitalangaho-Mutikisha said council cannot disclose such information.
She, however, added that the council is “happy with the work they are doing thus far. The figures are there to see”.
When RedForce was enlisted by the Rundu town council, the company had a monthly target of N$5 million – one it failed to reach most months, leading to its contract being terminated at that town.
Different exercise
Meanwhile, the Ondangwa town council’s incentive initiative, which has seen it writing off close to N$700 000 in interest charged on accounts, is ongoing.
When asked whether there is any conflict between the initiative and RedForce’s collection attempts, Shitalangaho-Mutikisha said they have experienced no challenges.
“The incentive is an initiative to help people whose debt accounts are growing on a daily basis. The collection by a debt-management company is a different exercise,” she said.
“We should remember that this relief was introduced by council after going through reports from the debt-management company and it does not in any way affect their collections. To date, close to N$700 000 has been written off already from the people who have settled their accounts. We encourage others to take advantage of this relief exercise,” she said.
She further clarified that “all accounts handed over to RedForce are not charged interest for the period they are with RedForce - only collection fees”.
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The figure, as at November last year, was revealed by Ondangwa town council spokesperson Petrina Shitalangaho-Mutikisha, who said the money was collected over a period of 10 months.
In September last year, Ondangwa was owed a cumulative N$85 million by institutions, businesses and residents.
When asked what the debt-collection company’s monthly target is, Shitalangaho-Mutikisha said council cannot disclose such information.
She, however, added that the council is “happy with the work they are doing thus far. The figures are there to see”.
When RedForce was enlisted by the Rundu town council, the company had a monthly target of N$5 million – one it failed to reach most months, leading to its contract being terminated at that town.
Different exercise
Meanwhile, the Ondangwa town council’s incentive initiative, which has seen it writing off close to N$700 000 in interest charged on accounts, is ongoing.
When asked whether there is any conflict between the initiative and RedForce’s collection attempts, Shitalangaho-Mutikisha said they have experienced no challenges.
“The incentive is an initiative to help people whose debt accounts are growing on a daily basis. The collection by a debt-management company is a different exercise,” she said.
“We should remember that this relief was introduced by council after going through reports from the debt-management company and it does not in any way affect their collections. To date, close to N$700 000 has been written off already from the people who have settled their accounts. We encourage others to take advantage of this relief exercise,” she said.
She further clarified that “all accounts handed over to RedForce are not charged interest for the period they are with RedForce - only collection fees”.
[email protected]
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