Tisa will continue business, says Koisen

THE Teachers Savings and Loans Society Ltd (Tisa) will continue to deliver its business objectives and plans for the 2020 year, says chief executive officer Michael Koisen.
Responding to queries from The National on the possible impacts of the spike in Covid-19 cases in the National Capital District to business operations, Koisen said: “We remain optimistic, but we do understand that there will be some impact on the business.
“Impact on member contributions are expected to be limited, similar to the initial lock down.
“However, the situation continues to be assessed on a daily basis as part of the society’s Covid-19 business continuity plan (BCP).
“Appropriate actions under the Covid-19 BCP will be taken, as and when the need arises.”
Koisen said in terms of assistance for members, Tisa had in place a loan repayment holiday (LRH) scheme whereby members who were impacted directly as a consequence of the Covid-19 could apply.
“Tisa provides important financial services to its members.
“Tisa branches will continue to operate under the society’s Covid-19 BCP, if permitted.
“Members who visit Tisa branches are requested to observe member health protocols put in place at branches for the safety of members.”
Koisen said the society has been running its Covid-19 business continuity plan since March.
“Appropriate actions under the Covid-19 BCP are being taken to ensure the protection of Tisa staff and members who visit branches.”
Koisen said it would be a challenging time for the economy and for most businesses as “we move through this health crisis”.