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Metro Manila (CNN Philippines, April 16) — Agents and cadre from the Department or Education (DepEd) can breathe easier afterwards a announcement of acceding was active Monday to advice in the acquittal of loans from clandestine lenders.

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President Rodrigo Duterte witnessed the signing of the MOA amid the Government Service Insurance System (GSIS) and the DepEd.

According to the Presidential Communications Operations Office, the GSIS banking abetment accommodation (GFAL) affairs is in band with administration’s ambition to advice the country’s teachers.

“We don’t appetite DepEd advisers to bore abysmal into debt, so we accept proposed a bigger way for them to administer their finances. The borrowers will pay aback the accommodation to GSIS at accessible and affordable terms,” GSIS President and General Manager Jesus Clint Aranas said.

Aranas said approaching GSIS allowances could ache if an agent does not pay aback loans.

Under the agreement, the DepEd shall accent the administration of GSIS loans over and aloft the acquittal of loans taken by DepEd cadre from lending institutions as able-bodied as the deductions from its amount of the account acquittal due on the loans they accept taken and their GFAL until those loans are absolutely paid.

For its part, the GSIS should complete the action affidavit in 30 canicule aloft the beheading of the agreement.

GFAL will be piloted for six months in 12 areas beyond the country, including Batangas, Bulacan, Dagupan, Naga, Cavite, Manila, Quezon City, Bohol, Ormoc, Koronadal, Butuan and Tagum.

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