Judith, Christine, Jane, Irene, Veronica – Bukedde Teachers’ Monthly Loaning Scheme
In Uganda, teachers are underpaid and their salary payments are usually delayed. Bukedde Teachers’ Monthly Loaning Scheme is intended to give small loans of USD $27 and below each, to about 37 to 50 teachers in 7 rurals schools of Tororo district.
This loan is intended for salary/wages earning teachers, who fall into financial crisis but have no where to run to for financial support at that time. This loan will be payable within a period of 3 months with an interest of 3% of the loan borrowed. The long term goal is to provide loans to teachers countrywide.