GSIS opens emergency loan program for Mindanao quake victims

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MANILA, Philippines – The Government Service Insurance System (GSIS) has earmarked P15.1 billion in emergency loans for members and pensioners affected by the strong earthquake that struck Mindanao on Monday morning.

In a statement, the state-run agency said its Emergency Loan Program will be available to 608,343 members and pensioners residing or working in areas officially placed under a state of calamity following the earthquake.

READ: ‘Destructive’ intensity felt after earthquake off Sarangani — Phivolcs

Qualified borrowers may apply for emergency loans of up to P40,000 until September 7. Meanwhile, members without an existing emergency loan may borrow up to P20,000.