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Article: Pension funds, Pag-IBIG to offer emergency loans to victims
- Article from:
- The Manila Times
- Article date:
- September 29, 2009
- Author:
CopyrightCopyright Content Parnership Pty Ltd Sep 29, 2009. Provided by ProQuest LLC. (Hide copyright information)
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State-run pension funds and a government financial institution announced on Monday that they were planning to extend calamity loans to their members who were affected by tropical storm Ondoy.
At the Government Service Insurance System (GSIS), an official told The Manila Times that it would launch a special loan program on October 1 for members living in areas under a state of calamity. The official asked not to be named because he did not want to preempt the official announcement on Thursday.
Under the plan being prepared, eligible members could apply for a loan of up to P20,000, the official said. But he added that the pension fund has yet to "set up the guidelines and clean up the ...