Image credits - The Manilla times
Due to intense flooding in 14 of the city’s 21 barangays as a result of Super Typhoon Carina’s torrential rainfall, over 1,000 people of San Juan have been evacuated. The heavy rains have caused a lot of water to collect, which has caused major disruptions and forced emergency services to start a mass evacuation to protect the people.
Homes and streets have been swamped by the floods, making it more difficult to access necessary services and resources. Emergency response teams are working nonstop to transfer residents and offer essential help as part of continuing rescue efforts to handle the disaster. One person is reported missing after falling into a river, and rescue crews are aggressively looking for the person amid difficult circumstances, which exacerbates the issue.
The Social Security System (SSS) has declared that it is ready to provide catastrophe loans to members impacted by Typhoon Carina in reaction to the tragedy. The goal of this project is to give people who are having financial difficulties as a result of the storm financial support. Rolando Ledesma Macasaet, President and CEO of SSS, stressed that the organization is dedicated to helping its members in times of need.
As they recuperate from Typhoon Carina, we want to reassure them that in times of disaster, they can count on SSS to give them the necessary financial help.
SSS members who meet the eligibility requirements and live in the typhoon-affected areas may apply for a catastrophe loan up to PHP 20,000, which is equal to their one monthly wage credit. To be eligible, candidates must fulfill a number of requirements, including being under 65 at the time of application, living in a designated disaster area, and having at least 36 monthly contributions—six of which must have been posted in the 12 months prior to the application—and having no final benefit claims, such as retirement or permanent total disability. They also can’t have any outstanding restructured or catastrophe loans, or past due short-term SSS member loans.
Members who would like to apply for the catastrophe loan can do so by visiting the SSS website and logging into their My.SSS account. The member’s registered Unified Multi-Purpose Identification (UMID) ATM Card or an account with a partner PESONet bank will receive the loan profits upon approval. The loan has an annual interest rate of 10% and can be repaid in 24 equal monthly payments. Macasaet expressed optimism that members will be able to recover from Typhoon Carina’s effects with the aid of this financial support.