Society to expand services

The National,Monday July 4th, 2016

THE Teachers Savings and Loan Society has launched a subsidiary to expand its provision of financial services and products around the country.
The Tisa Community Finance was launched last Thursday in Port Moresby.
Tisa chairman Gabriel Tai said the TCF was established about eight years ago when members told the society to provide additional financial solutions at an affordable price.
“These sentiments and desire continued to be expressed by our members in every annual general meeting we have had since 2009 because they continue to suffer the high interest rates charged by banks and financial institutions,” Tui said.
“We also believe that many Papua New Guineans are experiencing similar difficulties as our members.
“In our role as custodians and leaders of an organisation owned by the people and directed and managed by Papua New Guineans, the board and management acknowledged and accepted the challenges of the present and the future needs of our members.
“We have therefore taken full advantage of the present opportunities and re-define our strategies and plans for the future to ensure that TISA continues to deliver services at the levels that our members expect and demand from us.”