Details about GSIS Emergency Loan Offer for Calamity Victims
GSIS EMERGENCY LOAN – The Government Service Insurance System (GSIS) prepared its calamity loan offer for the victims of Typhoon Paeng.
Before October ended, the Philippines was hit by a typhoon locally named “Paeng” that cost lives and damaged a lot of households and properties in differen areas across the nation. It brought heavy rains and strong winds that brought down several homes.
Several cities and municipalities were left in floodwater due to the heavy rains of Typhoon Paeng. Many people are currently staying in evacuation centers after they lost their homes to the severe tropical storm.
Furthermore, several areas across the nation were placed under a state of calamity including parts of Abra. Iloilo City is also mulling about the declaration of a state of calamity and President Bongbong Marcos has declared a state of calamity in Region IV-A (Calabarzon), Region V (Bicol), Region VI (Western Visayas), and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
Even prior to Typhoon Paeng hitting several areas across the Philippines, different government agencies have already started preparing the assistance for those who will be hit by the calamity. One of these is the Government Service Insurance System or more commonly called GSIS.
Under the calamity loan offer of the social insurance institution, the GSIS Emergency Loan, a calamity-hit member may avail up to P40,000 as per GSIS President and General Manager Wick Veloso. According to him, the social insurance institution has allocated P1.5 billion more to its emergency loans for members and pensioners.
The said GSIS Emergency Loan offer is not only open for members who are working or living in areas declared under a state of calamity due to Typhoon Paeng but as well as in some areas hit by another previous storm, tropical storm Karding.
To check on the other areas included under the offer, feel free to visit – GSIS Calamity Loan: List of Areas Eligible for Emergency Loan this November 2022.