All in all, from 2019 up to today, GSIS has released Php208 billion in net loan proceeds to over a million members and pensioners,” President and General Manager Rolando Ledesma Macasaet said in his online address to employees during the GSIS’s 84th anniversary on Monday, May 31.
Through its various loan products “GSIS has provided assistance to countless lives at a time when they needed our help the most,” Macasaet added.
These include:
– More than Php108 billion to nearly 292,000 members who applied for the GSIS Financial Assistance Loan (GFAL).
– More than Php16 billion to 256,537 availees of the Multipurpose Loan (MPL).
– More than Php17 billion in emergency loan to 902,696 members;
– Over Php5 billion in computer loan to 171,208 borrowers.
– Php3.21 billion and Php980.22 for GSIS pensioners who availed of the Enhanced Pension Loan (82,894) and Pensioners’ Emergency Loan (50,195), respectively.
– Php20.42 million to 655 members through the GFAL Educational Loan program, which will allow recipients to finish their college degrees while paying only the interest to their loans for the next five (5) years.
– Php50 million to 5,025 college students under the Php10,000/year Educational Subsidy Program (GESP).
He pointed out that the “multiplier effect of the loans in the communities have effectively pump-primed the economy in far-flung areas as banks and other financial institutions have tightened and were hesitant to grant credit.”
At the same time, Macasaet said that GSIS has made it safer and more convenient for its members and pensioners to transact with the pension fund “through technology-driven initiatives such as Online APIR, G-TOUCH mobile app and Bayad Center partnership.”
“Despite the many uncertainties and limitations brought about by the COVID pandemic, we have not wavered in our service commitment,” he stressed.
Interested borrowers who have inquiries on GSIS’s Ginhawa financial assistance programs may visit the GSIS website, www.gsis.gov.ph or GSIS Facebook page, @gsis.ph; email gsiscares@gsis.gov.ph; or call the GSIS Contact Center at 8847-4747 (if in Metro Manila) or 1-800-8-847-4747 (for Globe and TM subscribers) and 1-800-10-847-4747 (for Smart, Sun, and Talk ‘N Text subscribers).
