The Government Service Insurance System (GSIS), a state-run social insurance institution in the Philippines, has released PHP27.29bn ($443.7m) in microloans to 463,608 active government employees under its Ginhawa lending programme.
The scheme provides members with easier access to affordable credit as an alternative to informal lenders.
According to Inquirer.net, GSIS data showed that the Ginhawa Go Programme disbursed the loans between 24 October 2024 and 28 July 2026. The facility was initially launched as Ginhawa Lite before being rebranded as Ginhawa Go in February 2026.
The programme offers loans ranging from PHP1,000 to PHP50,000 at a 6% interest rate, with repayment terms of 30 days to 24 months depending on the amount borrowed. Applications are submitted through the GSIS Touch mobile app, with approved loan proceeds credited directly to members’ accounts.
The loans also include Loan Redemption Insurance, which settles any outstanding balance in the event of the borrower’s death, preventing beneficiaries from inheriting the debt. GSIS said eligible members may apply through the GSIS Touch app or at any of its branches nationwide.