GSIS microloan releases reach P27.3B

MANILA, Philippines — The Government Service Insurance System (GSIS) has disbursed P27.29 billion in microloans to more than 463,000 active government employees since launching its Ginhawa lending program, as the state pension fund seeks to provide an alternative to informal lenders. The Ginhawa Go Program released P27.29 billion to 463,608 borrowers from Oct. 24, 2024