Kenya Women Teachers Association, KEWOTA, unveiled the Table Banking Scheme for women teachers on the 7th of February 2020, starting with Baringo County in Marigat town.
The table banking scheme intends to prevent the Kenyan female teachers from being exploited by the lending institutions.
Financial institutions, shylocks, and online lenders have been offering loans to teachers but at inflated interest rates. The high-interest rates have made it difficult for teachers to pay back promptly. The lenders then, in turn, harass and embarrass teachers.
According to Kewota’s Communication Director, the table banking scheme will see female teachers easily access emergency loans at very affordable rates.
What is Table Banking and How does it Work?
Table banking is a group system where members contribute money either weekly or monthly to a group kitty. The members then borrow from the kitty as they guarantee one another.
The members occasionally meet to discuss issues on the defaulters, fines paid, and loans administered.
When the group gets external funding, the members become guarantors to one another. In case of default in payment, all the members can not reaccess the loan. This, therefore, makes the members motivated to keep track and monitor one another.
Kewota says table banking will free the female teachers from the claws of inhumane and dubious financial lenders who consume the larger share of teachers’ hard-earned cash.
In the Baringo County Table Banking Scheme unveiling ceremony, Kewota pumped an unstated sum of money into the Baringo County Chapter to enable the teachers to start borrowing from the kitty immediately.
Baringo County ECDE Teachers Trained on CBC Curriculum
KEWOTA organised and fully funded the Baringo County ECDE teachers training workshop in Baringo County.
The training was to enlighten the ECDE teachers and made them relevant to a new curriculum of Pre-Primary One (PP1) and Pre-Primary Two (PP2).
The teachers were further enlightened on the new education system and the learning areas under the CBC using the Kenya Institute of Curriculum Development (KICD) teaching-learning resources.
On completion of the training, the ECDE teachers received Certified Certificates of participation.
KEWOTA has promised to extend such pieces of training to other counties as part of its objectives and vision for teachers.
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