GSIS provides emergency loans to Karding victims

MANILA, Philippines — Members and retirees of the Government Service Assurance System (GSIS) in Luzon who were affected by Super Typhoon Karding can borrow from the state pension fund up to 40,000 pesos to help them recover from the devastation.

Arnulfo “Wick” Veloso, president and CEO of GSIS, said GSIS has set aside 4 billion pesos for emergency loans this year.

“We will ensure loan assistance is available to all qualified active members and old age and disability pensioners based in affected areas,” Veloso said.

Members with an emergency loan balance can borrow up to P40,000 to pay off their loan balance and still receive a maximum net amount of P20,000.

Members and retirees without an emergency loan can apply for 20,000 pesos, with 6% annual interest and payable in two years


Responding to calls for help, the Inquirer is expanding its relief efforts to families affected by Typhoon Karding. Cash donations can be deposited into the Inquirer Foundation Corp. checking account. Banco De Oro (BDO): 007960018860 and via Maya

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