Some private school proprietors stand high chances of losing their institutions over heavy bank loans, Kasese guide radio has learnt.
Many private school proprietors talked to in Kasese said whereas their institutions were doing quite well academically, they were paying heavily in establishing the schools, rent and maintaining staff.
Mr. Edmond Mugisa, a member of the Board of directors at a private school in Hima town council in Kasese district said they were still struggling with the accumulated rent arrears imposed by their Landlord who threatened to rent out their premises to another viable investor if they were not able to pay for the two years of the lockdown.
Mr. Wilfred Balinda Masereka, the Managing director for infant preparatory school said private school were costly to run especially to those institutions in rentals.
Mr. Balinda who calls for public support to private schools, said many were at the risk of closure and their proprietors jailed over accumulated loan arrears that were fueled by the two years` lockdown over COVID-19 threats. Mr. Balinda speaking………
Mrs. Esther Thembo, a retired primary teacher in Kisinga warned intending school proprietors against making bank loans as their capital strength of establishing a learning institutions, saying such compromised their future.
Earlier, Mr. Balinda blamed the escalating commodity prices for the compromised diet in many schools, some of which have scaled down food quality and quantities for their learners. Mr. Balinda speaking…..
Mrs. Monica Muhindo, the bursar for Bright academy secondary school in Kasese municipality said the costs of maintaining a private school were high with the increasing commodity prices, asking her counterparts to feed their learners within their limited financial means to minimize expenses now that school fees had not been increased. Mr. Monichah speaking………
She also calls for routine updates and meetings with parents and students over the current situation to avoid frictions. END