{"id":60988,"date":"2024-05-10T01:43:00","date_gmt":"2024-05-10T01:43:00","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/ernest-kaonga-elected-to-double-as-private-schools-sacco-president"},"modified":"2024-05-10T01:43:00","modified_gmt":"2024-05-10T01:43:00","slug":"ernest-kaonga-elected-to-double-as-private-schools-sacco-president","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/ernest-kaonga-elected-to-double-as-private-schools-sacco-president","title":{"rendered":"Ernest Kaonga elected to double as Private Schools SACCO President"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Days after being elected as Private Schools Association of Malawi (PRISAM) president, Ernest Kaonga, has yet again been elected to head the association\u2019s newly launched Savings and Credit Cooperative (SACCO).<\/p>\n

Ernest Kaonga, who owns Maranatha Private Academy, and others were elected on Wednesday at Mponela in Dowa.<\/p>\n

In his acceptance speech, Kaonga said they are putting in place strategies that will enable more private schools to join SACCO as one way of boosting their income.<\/p>\n

He said that many private school teachers continue to suffer financially because they get loans from loan sharks as well as institutions that charge high interest rates.<\/p>\n

\u201cAs PRISAM, we will make sure that teachers from private schools join SACCOs. The good thing with Sacco is that their interest rates will be affordable and they can easily repay loans.\u201d<\/p>\n

He said the newly introduced SACCO will help in mobilizing their members to be financially included and if more join it, the country will benefit financially.<\/p>\n

Kaonga said in the absence of SACCO, many private school teachers have struggled with the existing high interest rates.<\/p>\n

\u201cThere were instances where a teacher could not receive his or her salary because of big debts. As Prisam we would be happy if more teachers from private schools join SACCOs because their lives will be easily managed,\u201d he said.<\/p>\n

\u201cIf we are to move forward we should encourage as many teachers as possible to join Sacco because it will change their lives for the better,\u201d said Kaonga.<\/p>\n

During the elections, held at Mponela in Dowa district, Sticko Kumwenda was elected as the Vice President.<\/p>\n

Tom Bulirani was elected as treasurer, while the secretary is Hamida Banda. Reverend Masopera Muhowe was elected as the member.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Days after being elected as Private Schools Association of Malawi (PRISAM) president, Ernest Kaonga, has yet again been elected to head the association\u2019s newly launched Savings and Credit Cooperative (SACCO). Ernest Kaonga, who owns Maranatha Private Academy, and others were elected on Wednesday at Mponela in Dowa. In his acceptance speech, Kaonga […]<\/p>\n","protected":false},"author":84,"featured_media":60987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,410],"tags":[233,371,234],"class_list":["post-60988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nErnest Kaonga elected to double as Private Schools SACCO President - Malawi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/ernest-kaonga-elected-to-double-as-private-schools-sacco-president\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ernest Kaonga elected to double as Private Schools SACCO President\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Malawi. Days after being elected as Private Schools Association of Malawi (PRISAM) president, Ernest Kaonga, has yet again been elected to head the association\u2019s newly launched Savings and Credit Cooperative (SACCO). Ernest Kaonga, who owns Maranatha Private Academy, and others were elected on Wednesday at Mponela in Dowa. 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