IGG, please investigate Mukono Teachers’ Savings and Credit Society
Dec 19, 2008
A couple of weeks ago, I found something amiss in the education section in Mukono.
A couple of weeks ago, I found something amiss in the education section in Mukono.
There are many teachers who were wooed to receive their monthly salaries through the Mukono Teachers’ Savings and Credit Society. Over 4,000 teachers in the district have been receiving their salaries through this SACCO.
However, there are enormous challenges and the worst is salary delay and high interest rates when one gets a loan.
No teacher in this SACCO has received salary since October yet other teachers who receive salaries through Stanbic bank have already got their October and November salaries!
The cost of living has doubled so the teachers receiving their salaries through the savings society must be having it very rough.
On the issue of interest rate on loans, I am reliably informed the lenders are charge 50% per year compared with 24% in some commercial banks The teachers have struggled to break free and complained to the district authorities to send their salaries directly to their bank accounts. But there are delaying tactics.
The teachers affected suspect that some of the leaders of the SACCO in partnership with bigwigs at the district use their salaries to fund private businesses. This must be the cause of the salary delays.
This was common in many districts but the education ministry has tried to fight it with much success. However, the direct electronic transfer system in Mukono is still a nightmare.
I appeal to the Inspector General of Government and the Ministry of Education to deploy a team of investigators to Mukono to find out what is happening.
Please save the teachers from a miserable Christmas. Willy Felix Ngobi Jinja
There are many teachers who were wooed to receive their monthly salaries through the Mukono Teachers’ Savings and Credit Society. Over 4,000 teachers in the district have been receiving their salaries through this SACCO.
However, there are enormous challenges and the worst is salary delay and high interest rates when one gets a loan.
No teacher in this SACCO has received salary since October yet other teachers who receive salaries through Stanbic bank have already got their October and November salaries!
The cost of living has doubled so the teachers receiving their salaries through the savings society must be having it very rough.
On the issue of interest rate on loans, I am reliably informed the lenders are charge 50% per year compared with 24% in some commercial banks The teachers have struggled to break free and complained to the district authorities to send their salaries directly to their bank accounts. But there are delaying tactics.
The teachers affected suspect that some of the leaders of the SACCO in partnership with bigwigs at the district use their salaries to fund private businesses. This must be the cause of the salary delays.
This was common in many districts but the education ministry has tried to fight it with much success. However, the direct electronic transfer system in Mukono is still a nightmare.
I appeal to the Inspector General of Government and the Ministry of Education to deploy a team of investigators to Mukono to find out what is happening.
Please save the teachers from a miserable Christmas. Willy Felix Ngobi Jinja