Mwalimu–SACCO gives teachers laptop loans

HUYE - The Saving and Credit Teachers Cooperative locally known as Mwalimu-SACCO plans to give all teachers loans to enable them acquire laptops. Joseph Museruka, the director general of the teachers’ cooperative, revealed this last week while presenting their strategic plan at the province’s joint action forum, in Huye district.

HUYE - The Saving and Credit Teachers Cooperative locally known as Mwalimu-SACCO plans to give all teachers loans to enable them acquire laptops.

Joseph Museruka, the director general of the teachers’ cooperative, revealed this last week while presenting their strategic plan at the province’s joint action forum, in Huye district.

“A teacher who wants to take a loan of Rwf 3m repayable in a period of two years is advised to visit the nearest branch. For those who feel that the repayment period is short, they can wait until we start extending long-term loans repayable within five years,” said Museruka.

The loan scheme would also help teachers in rural areas acquire solar energy panels, he said.

He added that they plan to offer big loans of up to Rwf 15m to teachers to enable them set up income generating projects to supplement their income.

“From the beginning of August, we are starting to offer big loans to fund teachers’ income generating projects. But it is better for teachers of the same school to group themselves in a cooperative to facilitate the management and repayment,” he said.

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