Manila, Jan. 16 -- State pension fund Government Service Insurance System (GSIS) has released a total of PhP12.95 billion in GSIS Financial Assistance Loan (GFAL) since the program started in May 2018, benefiting 36,692 personnel of the Department of Education (DepEd).
"The combined nationwide figures posted in GFAL's first six months of implementation signify positive acceptance by our members in DepEd. We continue to encourage qualified DepEd employees to avail of GFAL to ease their burden in paying their loans," GSIS President and General Manager Jesus Clint Aranas said.
GFAL is a debt-consolidation and balance-transfer facility that seeks to help DepEd workers in settling their outstanding loan balance with accredited private lending ...