Typhoon Tisoy Victims May Apply for Cash Loans To SSS & GSIS
SSS GSIS – The Social Security System and the Government Service Insurance System are set to offer cash loans for the victims of Typhoon Tisoy.
Recently, several parts of the Philippines experienced heavy rain and strong winds for days. It is due to the entry of Typhoon Tisoy in the country on Saturday.
For the safety of the students, several local government units and schools announced the suspension of classes. Most suspended classes cover pre-school, elementary, and high school levels. Some areas declared a class suspension for all levels.
Aside from the class suspensions, flights and boat trips were also cancelled for the safety of the public. It is risky to travel while there is heavy rain and strong winds.
Typhoon Tisoy left a lot of families homeless and took away their source of living. In line with this, the SSS and the GSIS are set to offer assistance to the victims of the tropical storm in the form of cash loans.
Based on a report on ABS-CBN News, the Social Security System is set to coordinate with the National Disaster Risk Reduction and Management Council (NDRRMC) regarding the cash loan offer. The members who are living in areas where a state of calamity was declared may be eligible to apply for the loan.
The government agency is still securing the list of the areas that were really hit by the calamity. Based on the report, to apply for it, the member must prepare a certification from the barangay or from the NDRRMC. A one-month salary may be borrowed and it is payable in two (2) years.
With regards to the Government Service Insurance System members, those who were affected by the recent calamities may apply for the emergency loan. They can obtain up to Php 20,000.00 cash assistance which is payable in three (3) years.