Abstract:
In the aftermath of super typhoon Yolanda, we deployed in January a one- time loan program called Home Emergency Loan Program (HELP). Eligible members were able to borrow up to Php200,000 depending on their length of service. Up to Php11.6 billion in loans were extended under HELP, benefitting a total of 81,891 members working or residing in areas hardest hit by Yolanda.
A total of Php6.2 billion in gross emergency loans was also extended to over 222,000 members who were severely affected by calamities, namely, typhoons Agaton in January, Glenda in July, Luis and Mario in September, and Paeng and Queenie in November; flash floods in Mindanao in August and September; magnitude 5.0 Mindanao earthquake in September; and even those who are still reeling from the effects of Yolanda in late-2013.
Info
| Source Institution | Government Service Insurance System |
| Source URL | http://www.gsis.gov.ph/downloads/2014-GSIS-Annual-Report.pdf |
| Page Count | 42 |
| Place of Publication | Pasay City |
| Original Publication Date | January 1, 2015 |
| Tags | Annual Report, Cash Flow, Income, Net, financial |