SSS to set up calamity loan packages for Tisoy-affected members

Pia Gutierrez, ABS-CBN News

Posted at Dec 04 2019 06:34 PM | Updated as of Dec 04 2019 06:35 PM

Workers repair damaged houses along the coastline in the aftermath of Typhoon Tisoy in Legazpi City, Albay, December 3, 2019. Typhoon Tisoy brought heavy rains and strong winds as it made its first landfall on Monday evening in Sorsogon province. Basilio H. Sepe, Greenpeace handout

MANILA - The Social Security System (SSS) will soon be setting up calamity loan packages for those affected by Typhoon Tisoy.

SSS Vice President Boobie Angela Ocay on Wednesday said members who live in areas placed under a state of calamity may apply for a calamity loan.

“Makiki-coordinate kami sa NDRRMC for the declaration of the state of calamity. Sinisigurado namin 'yung area ay talagang na-kalamidad so may basehan po kaming opisyal, bago kami mag-offer ng calamity package sa area na 'yun,” Ocay told reporters in Malacañang.

(We'll be coordinating with NDRRMC for declarations of the state of calamity. We are ensuring which areas are under a state of calamity, so we will have official basis, before we offer calamity packages in those areas.)

The SSS is currently extending emergency loan assistance to members affected by strong earthquakes in Mindanao last October.

"Pinakasikat po rito ay 'yung calamity loan (The most well-known package is the calamity loan). This is a one-month salary credit loan payable in two years at 10 percent (interest),” Ocay said.

She said SSS members affected by calamities can also avail of an advanced 3-month pension payout, as well as loans for direct house repairs, with a moratorium on interest payments for 6 months.

“They just need to get a certification from the barangay, or the NDRRMC, or the local government,” Ocay said.

Meanwhile, members of the Government Service Insurance System (GSIS) who have been affected by recent calamities can also avail of emergency loans of up to P20,000 payable in 3 years at 8 percent interest, an official of the agency said. 

“(What is only needed here is) a declaration (of) state of calamity whether it is national [or] local, plus a request from the Sanggunian, asking for the granting of the said loan within their areas of jurisdiction,” GSIS Vice President Leopoldo Casio Jr. said. 

State-run LandBank would also be making available loans to those affected by recent calamities, including farmers whose livelihood was affected by the African swine fever.

At least 13 people died during the onslaught of Tisoy in the country. Five were killed in Bicol region, where the typhoon made its first 2 landfalls, according to provincial police.

A number of areas have been placed under a state of calamity due to the Philippines' strongest typhoon so far this year.