President Ferdinand Marcos Jr. announced that the Social Security System (SSS) is offering emergency loans this December to help members purchase essential goods and avoid predatory lenders.
The loans feature a 7 percent interest rate and a six-month payment moratorium, allowing borrowers to delay amortization payments for half a year.
“When you receive the loan from SSS, you don’t need to pay the amortization for the first six months to ease your burden,” Marcos said in a video message.
The President positioned the program as a safer alternative to “5-6” lending, an informal and often predatory money-lending scheme common among low-income households that charges high interest rates.
Three decades after the Marcopper mining disaster devastated Marinduque’s waterways, the province is again pressing the…
Housing is probably the biggest issue affecting people the world over.
Malacañang on Monday called for a more thorough investigation into the questioned flood control projects in Taguig…
The defense on Monday backed the move by senator-judges to exclude a prosecution witness who testified on the firearms…