Gov’t rolling out loan packages for Marawi residents, traders » Manila Bulletin News

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By Genalyn Kabiling

The government is prepared to extend loan packages to families and entrepreneurs affected by the armed conflict in Marawi City to help them recover from the devastation.

Mobilized to provide financial assistance are government financial institutions such Land Bank of the Philippines, Development Bank of the Philippines, Government Service Insurance System (GSIS), and the Social Security System (SSS).

Land Bank of the Philippines, Development Bank of the Philippines, Government Service Insurance System (GSIS), and the Social Security System (SSS) (Manila Bulletin)

“GSIS and SSS members may apply for loans from their respective institutions,” Presidential spokesman Ernesto Abella said in a recent press conference in Davao City.

“The Land Bank of the Philippines and the Development Bank of the Philippines may open lending facilities to Marawi entrepreneurs,” he added.

The proposed loan assistance will be part of the government’s planned rebuilding efforts in war-ravaged Marawi City.

At least P20 billion will be allocated for the massive rehabilitation and reconstruction plan for the besieged city as announced by President Duterte.

Abella also assured the families of soldiers and policemen killed in the fighting in Marawi will also be taken care of.

He said housing would be provided to the families of the slain troops through National Housing Authority.

“The education of children of the soldiers and police killed-in-action — from K to 12 plus tech-voc or college — for a maximum of two children, will be provided through the Department of Education, Technical Education and Skills [Development] Authority, and the 113 state universities and colleges,” he said.

Abella said the government is preparing a “comprehensive multi-year” rehabilitation and reconstruction plan for Marawi City, that includes tourism development, following the devastation caused by the fighting between troops and Islamic extremists.

An inter-agency task force has been created to assess the situation on the ground in preparation for the rebuilding efforts.

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