Pag-IBIG Fund, a state-run agency, will be providing calamity loan for as much as P20,000 for every qualified member in the midst of the ongoing restriction in Luzon because of the fast spreading COVID-19.
The said calamity loans, however, must be filed personally by the applicant in Pag-IBIG offices and must be signed by the employer.
“Kailangan ng pirma ng employers, work from home na din. Inaaralnatin ‘yan ngayon,” says Pag-IBIG CEO Acmad Rizaldy Moti.
The said calamity loan became available due to the declaration of state of calamity in areas affected by the pandemic COVID-19.
“Bastapona declare na may state of calamity, ‘yung calamity loan program namin ay nati-trigger,” says Moti.
To cut short long lanes in their local offices, Pag-IBIG will be enhancing the online application process. Additional guidelines will then be disseminated to the people.
Luzon currently have an enhanced community quarantine which took effect on March 17 until April 13 to curb the spread of coronavirus. Currently the virus already took the lives of 12 people in the Philippines and thousands all over the world.
Places that already declared a state of calamity are Muntinlupa, Valenzuela, Quezon and Mandaluyong City. A P27.1 billion fund was allotted by the Department of Finance to help ease the effects of COVID-19.