“Nursery, primary and secondary school teachers applying for loan will also attach a notified diploma which will inform of their education background before deciding on whether they may be eligible for loans. Any teacher that doesn’t have a teaching qualification will be given a loan repayable before and not beyond 31/12/2019”.
The statement further says that when the teacher’s savings outweigh the amount of loan they are applying for, they may be allowed the loan to be repaid within the designated time because when they quit job, those savings can still repay the loan.
Furthermore, according to the statement, any teacher without a teaching qualification who has been already given the loan to be repaid by 31 /12/2019, while the amount of loan they were given is bigger than their savings will not be eligible to further loan but an overdraft.
This decision will come into force starting 20 September 2018.
The statement follows another statement by Rwanda Education Board on September 23 asking all district mayors to inform unqualified teachers that the deadline for them to have obtained the required teaching qualifications will expire with academic year 2019.
This decision is based on the presidential decree no 24/01 as of 24/11/2016, guaranteeing status for teachers in nursery, primary and secondary schools. Article 52 explains the deadline for teachers that are not professional to have completed short-term courses that allow them to have teaching qualifications.
UMWALIMU SACCO was established in 2006 with the initiative of his Excellence President Paul Kagame to cater for the welfare of teachers. It was licensed in 2008 by National Bank of Rwanda (BNR) to operate as a Financial Institution offering different financial services to its members.
