Manila Teachers Savings and Loan Association

The Manila Teachers Savings and Loan Association, Inc. is an organization which holds party-list representation in the House of Representatives of the Philippines.

Manila Teachers
ColorsGreen
Sector representedYouth
Seats in the House of Representatives
1 / 63
(Party-list seats only)

Outside its role in the Congress, it also offers loans to salary loans to public schools.

Political involvement

The Manila Teachers Partylist names the youth as the sector it represents and with the added goal to "ensure safe communities for conducive learning and promote national and cultural heritage".[1]

Electoral history

Manila Teachers won its first seat in the House of Representatives as a party-list group following the 2016 election.[2] The group's seat for the 17th Congress was filled by Virgilio Lacson.

They were able to retain their seat for the 18th and 19th Congress, after securing sufficient votes in the 2019 and 2022 elections. Lacson likewise reprised his role as Manila Teacher's representatives for both Congresses.[1][3]

Representatives to Congress
Period 1st Representative 2nd Representative 3rd Representative
17th Congress
2016–2019		 Virgilio Lacson — —
18th Congress
2019–2022		 Virgilio Lacson — —
19th Congress
2022–2025		 Virgilio Lacson — —

Operations as a loan agency

The Manila Teachers Partylist also ran as a loan agency under the name Manila Teachers Savings and Loan Association, Inc. (MTSLAI). It offered salary loans to member public school teachers through its Manila Teachers' Mutual Aid System Inc. (MTMAS).[4]

Their license as a loaning agency has been revoked by the Bangko Sentral ng Pilipinas, the Philippines' central bank which meant that the MTSLAI could no longer legally offer new loans from November 25, 2022.[5]

References
  1. "Who's who: Winning party-lists and their representatives". The Philippine Star. July 22, 2019. Retrieved September 17, 2023.
  2. Uy, Jocelyn (May 23, 2016). "Haves get to represent have-nots in Congress". Philippine Daily Inquirer. Retrieved September 17, 2023.
  3. Noriega, Richa (May 26, 2022). "Comelec proclaims 55 winning party-list groups in Eleksyon 2022". GMA News Online. Retrieved September 17, 2023.
  4. Reyes, Mary Ann (September 9, 2018). "From bad to worse". The Philippine Star. Retrieved September 17, 2023.
  5. Perez, Ana (February 22, 2023). "License of loan agency for teachers revoked". ABS-CBN News. Retrieved September 17, 2023.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.