Simango is TISA Foundation CEO

Simango has been appointed the Chief Executive Officer for the TISA Foundation, reporting to the Group CEO Michael Koisen. Simango joins TISA Foundation from his previous post as executive director for Grow PNG, which is a nonprofit organisation that supports and progresses inclusive and sustainable agricultural programs for rural communities in Markham, Morobe Province. 
Simango has held senior roles working across multiple sectors with various development partners in PNG and the region. 

TISA is WIBF platinum sponsor

Minister for International Trade and Investment, Richard Maru, acknowledged Teachers Savings and Loan Society (TISA) for their bold move in becoming WIBF’s 2023 platinum sponsor.

TISA sponsors PNGDF Commander’s Cup

In announcing this sponsorship, Group CEO for TISA, Michael Koisen said, “TISA is delighted to support this event because a lot of our service men and women are members of Tisa and its one way of giving back to our members.”

“This event is also special because for the first time since the competition started in 2002, there will be women’s matches played and our support will assist the organizing committee to stage these games in Lae this July,” Koisen said.

TISA Emphasizes On SME Sustainability

Group CEO for TISA, Michael Koisen said this during the 4th SME breakfast with the Prime Minister yesterday.

Teachers Savings and Loan Society Ltd was the diamond sponsor for the 4th Small and Medium Enterprise Breakfast, in partnership with SME Corporation and PNG SME Magazine.

The organisation was privileged to have been part of the discussion in addressing some of these related SME issues.

K19.6 million TISA bonus

Earlier in 2018, K7.1 million interest was paid to TISA financial members.

This announcement of the additional interest of K19.6 million now brings to total K26.7 million interest for the 2018 financial year.

“This represents 7 percent crediting rate on members’ general savings account,” TISA Deputy Chairman, Sam Nalong, said.

“This bonus interest is an addition to the interest paid to the members’ savings throughout the year.”

TISA has bold plan to expand across PNG

TISA Chief Executive Officer Michael Koisen on Friday informed a media conference that the Society was looking to set up  four news branches  in Wabag, Kerema, Daru and Arawa.

“Wabag is operational already, however an announcement will be made after the National Election,” Koisen said.

The CEO said however that Kerema would come on stream once the third LNG Train was set in place, while Daru and Arawa would follow suit.

He clarified that the membership was not only covering teachers but also workers in other  State agencies and the private sector as well.

TISA Board Chairman acknowledges members

This follows the announcement of a record credit of more than K15 million to its members accounts.

“We acknowledge the support of our members and are proud of the fact that we (TISA) are owned by ordinary Papua New Guineans, are directed by Papua New Guineans for Papua New Guineans.”

Tai said this following the official announcement  on Friday March 24,of K15,178,287 to be credited to TISA members accounts.

He added that this additional interest  was paid out from a reserve fund approved by the Board for the purpose of additional interest to members.

TISA members paid additional interest of more than K15 million

This additional interest is for the financial year which ended on December 31, 2016.

In making the announcement at TISA headquarters in Port Moresby on Friday, March 24, Chairman of Tisa Gabriel Tai said a record total of K15, 178,287 was declared and would be credited to its members.

“The Board of Directors of Teachers Savings and Loans Society Limited is pleased to declare a record additional interest credit to its members of K15, 178,287 for the financial year ended December 31, 2016.