![]() THE Teachers Savings and Loans Society (Tisa) is allowing a three-month loan repayment holiday to members impacted by the Covid-19. Chief executive officer Michael Koisen said, in a statement, that it was in support of the Bank of PNG’s efforts to address financial hardships. Tisa subsidiary, Tisa Community Finance (TCF), will also be implementing the measures. “Requests will be assessed on a case by case basis,” Koisen said.
“Defaulters impacted by Covid-19 will be exempt from reporting to restructures, recurring management fees and delinquencies as a consequence of Covid-19. Both Tisa and TCF will maintain business operations to ensure essential critical financial services continue to be made available to members and clients. “We will assess and determine operating hours where required and advise BPNG of any changes. “We will continue to ensure that the health and safety of our staff, members and clients are protected at all times.” Tisa has 62,000 members around the country. The National/PNGEducationNews Next : Education Dept To Offer Lessons To Students Online, On TV And Radio During Lockdown Period Comments are closed.
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