Tuesday, December 01, 2020
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Teachers Sinking in Debts

Besides the covid19 related lockdown that was announced on the 18th/03/2020, which affected every Ugandan, the people of Kasese district furthermore experienced extreme floods and landslides on the 6th/05/2020 and 21st/05/2020.

Teachers like any other citizen were not spared either. They were hit and some schools were completely destroyed, silted and rendered inaccessible especially those in Kilembe area and Kasese town.

There is no doubt that their standards of living have been tempered with, the reason Uganda Teachers Co-operative Savings and credit (UTCSCU) in partnership with Microfinance support center (MSC) has decided to buy off their loans as an immediate intervention.

 

         chairperson of UTCSCU Mrs. Joan Asiimwe,

According to the chairperson of UTCSCU Mrs. Joan Asiimwe, since some of the schools were destroyed, the teachers are not sure if and how they will pay back the loans or even whether they still have jobs since some schools have been turned into houses for rent.

Joan added that this program doesn’t look at a specific number of teachers but she emphasized that these must be in groups for them to be able to benefit.

Joy Kyomugasho is a teacher at Bulebia primary school who has over three loans accumulating with her ATM card confiscated by a moneylender.

These think the initiative will help them overcome the choking loans and perhaps get them out of a situation where they work for only the stomach.

These loans will be given to teachers at 11% a relief from usual 24-28% by most banks.

What do you think?

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