Breaking

Kabale Teachers Stopped from Acquiring Loans from Micro Finance Institutions

The ban follows repeated concerns by many teachers who are accusing some financial institutions of making double deductions from their monthly salaries.

Audio 4

Authorities in Kabale district have banned teachers from obtaining loans from unrecognized financial institutions.

The ban follows repeated concerns by many teachers who are accusing some financial institutions of making double deductions from their monthly salaries.

Some of the financial institutions accused include; Bay Port Financial Services Uganda, Platinum Credit and Letshego Microfinance.

The Kabale District Deputy Chief Administrative Officer, Edmond Ntimba says that the habit of obtaining loans from unrecognized financial institutions has caused a big number of civil servants especially teachers, to abscond from duties for failing to meet their loan obligations.

Moses Tumuwikujye, the Kabale District Inspector of Schools, says that they have resolved that all civil servants get loans from banks where they have salary accounts. He also says that before obtaining loans, civil servants have to first get clearance office of the District Human Resource Officer. 

 //Cue in: “as the district…

Cue out: …for you.”//

Rukiga

//Cue in: “ nokuguma bararya loans…

Cue out: …yazayo nko'muntu.”//.

The Uganda National Teachers Union-UNATU Kabale Branch chairman, Bright Byamugisha says that his office has already registered 18 cases where teachers and Bay Port Financial Services Uganda, Platinum Credit Uganda Limited and Letshego Microfinance Uganda have locked horns over double deduction of salaries.

Byamugisha says that he has no problem with the ban since teachers were the most affected.

//Cue in: “so far i…

Cue out: …clearing them.”//

Rukiga

//Cue in: “ hanuya aha office…

Cue out: …bakweise nibarira.”//


Keywords