GCash, through its credit arm Fuse Lending, is offering a one-month grace period for borrowers affected by Severe Tropical Storm Kristine.
The financial technology company said it is extending the one-month grace period for GLoan and GGives loan repayment for users in Kristine-hit areas in Regions V, VIII, XII and CALABARZON.
“We stand with the communities affected by Severe Tropical Storm Kristine and are committed to helping them rebuild their lives,” said Tony Isidro, president and chief executive of Fuse Lending.
“Every single effort counts, and together, we can make a significant difference,” he said.
GCash said that in the CALABARZON region, the moratorium would cover borrowers in various towns in Quezon province like General Luna, Lucban, Lopez, Mulanay and Tagkawayan; Cavite towns like Noveleta, Kawit, Imus, Ternate, General Trias, Bacoor, Tanza and Silang; Batangas residents in Lemery, Laurel, Calatagan, Lipa, Alitagtag, Cuenca, Agoncillo, Talisay and Tanauan; and borrowers in Laguna towns of Biñan, Sta. Cruz, San Pedro, Santa Rosa and Cabuyao.
It said that for Region V, all towns in Albay, Camarines Norte, Camarines Sur, Catanduanes, Sorsogon and San Fernando, Masbate are on the list. In Region VIII, the extension covers specific towns in Eastern Samar: Arteche, Borongan, Can-avid, Dolores, Jipapad, Maslog, Maydolong, Oras, San Policarpo, San Julian, Sulat and Taft.
The town of Calbayog in Samar qualifies while in Region XII, only the town of Magpet in Cotabato is eligible for the grace period extension.
It said loan repayments due between Oct. 16 and Nov. 7, 2024 will automatically be extended by one month.
GCash said it is also enabling various organizations to raise funds and support relief and recovery operations for communities affected by heavy rains and flooding.
GCash users can contribute to various reputable non-governmental organizations which mount rescue, relief and recovery operations. These NGOs include Ayala Foundation, ABS-CBN Foundation, GMA Kapuso Foundation, UNICEF, Philippine Red Cross, Caritas Manila and Save the Children
Users can opt to send funds directly to the NGOs by searching for them in the “Pay Bills” feature under the “Others” category or scan the official GCash QR code of the organizations. Transaction fees for these donations are waived.
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