Teachers Fund Loan Processing Delay: Addressing Overwhelming Demand with Diligence and Commitment

Teachers fund pens down a notice to all GNAT Secretaries across the country which reads:

Please be informed that there will be delays in the processing of loan applications due to the overwhelming numbers we have and continue to receive daily. Our team is working diligently to process the applications but the sheer volume will not allow us to meet our current turnaround time for loan disbursements with our existing workforce.

Should the current trend persist, loans would be disbursed from four (4) to six (6) weeks upon receipt of applications at the Fund Secretariat. However, if the situation normalizes, we will revert to the previous turnaround time.

We acknowledge that the delay may be inconvenient for those who have submitted loan applications and we apologize for any inconvenience caused. We assure our members that we are doing everything we can to disburse loans to applicants as early as possible.

We count on your collaboration and support as we take steps to address this temporary challenge.

We appreciate your patience and understanding during this time. If you have any questions or concerns, please do not hesitate to contact the Fund Secretariat for assistance.

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