Housing loans for teachers of $15m at an interest rate of 3.75% were floated yesterday by President Irfaan Ali in a meeting with a large number of educators at State House but a livestream of the session ended abruptly just when a litany of problems were raised including WiFi not being available over the last two years in one school.
According to the Department of Public Information (DPI), the President stated that within two weeks, an activity will be organised during which banks will be invited to approve loans, on the spot for teachers who have already been allocated a piece of land.
“What I can ask the (Chief Education Officer) to do for me now is to check in the entire school system to see all the teachers who would have had an allocation made to them for a piece of land but they don’t have the bank loan or the bank is giving them a hard time.