GSIS Releases Over P27 Billion in Loans for Public Servants

The Government Service Insurance System (GSIS) has released P27.29 billion in microloans under its Ginhawa Go program since its launch two years ago. The program has benefited 463,608 active government employees from Oct. 24, 2024 to July 28, 2026, the state pension fund said in a statement on Wednesday. “Ginhawa Go answers a basic need for our members: quick, dignified access to credit that will not push them toward informal lenders,” GSIS President and General Manager Jose Arnulfo A. Veloso said. Finance Secretary Frederick D. Go said the program helps protect government workers from abusive lending practices. Eligible GSIS members may borrow P1,000 to P50,000 at an interest rate of 6%, with repayment terms ranging from 30 days to 24 months, depending on the loan amount. This initiative by GSIS addresses the financial challenges faced by public servants in the Philippines, particularly concerning access to credit for lower-income individuals. Many government employees struggle with low salaries and are often compelled to resort to high-interest informal loans to cover unexpected expenses or sudden financial needs. Such support from GSIS is expected to contribute to the financial stability of its members and potentially boost their morale.