The Government Service Insurance System (GSIS) has launched Ginhawa Go, a short-term micro-loan program for government employees, offering quick access to cash through the GSIS Touch mobile app.
GSIS president and general manager Wick Veloso said the program aims to fill gaps in short-term and transitional credit and provide a safer alternative to high-interest lenders. The loan carries an interest rate of 6 percent per year for regular members and 7 percent for special members.
Borrowers can access ₱1,000 to ₱4,000 payable in 30, 60, or 90 days. Larger loans from ₱5,000 to ₱50,000 are payable over 3 to 24 months, allowing members to match repayments with their capacity to pay.
GSIS chairman Rodney Del Rosario Jr. said the program is designed to give members faster and more suitable access to credit. Finance Secretary Frederick Go urged government workers to use the facility responsibly.
Loan proceeds are credited to the member’s account upon approval by an Agency Authorized Officer. The program includes Loan Redemption Insurance, which settles any unpaid balance in case of the borrower’s death.
The loan is open to members with at least one month of paid premium contributions and is expected to benefit newly hired and low-income government employees who may have limited access to traditional loan products.
