SSS set P500-million emergency loan fund for displaced members

March 18, 2009 by Roy · 8 Comments
Filed under: Announcement, Business news, Entrepreneurship, finance, Funds Sources, Government, Money, self-help 

The Social Security System (SSS) has set aside an emergency loan fund of P500-million for the displaced workers of private companies who have closed down due to the effect of the recession.

SSS president and chief executive officer Romulo Neri said that the agency has already opened the emergency loan window and displaced workers can now for a loan of up to P15,000 from the emergency fund.

However, only those who lost their jobs from January 1, 2009 are qualified for the emergency loan.
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