GCash, through its lending arm Fuse Lending, has announced a one-month grace period for borrowers affected by Severe Tropical Storm Kristine in the Bicol Region.
The move is part of the company’s efforts to assist communities in Albay, Camarines Norte, Camarines Sur, Sorsogon, and Catanduanes, areas heavily hit by the storm.
Loan repayments for GLoan and GGives due between October 16 and November 7 will be automatically extended by one month.
Borrowers will not incur additional interest or late fees during the extension, allowing them to focus on recovery.
For instance, loans due on October 22 will now be payable on November 22, with the subsequent due dates adjusted accordingly. Borrowers will be notified of the updated payment schedule via SMS.
“We stand with the communities affected by Severe Tropical Storm Kristine and are committed to helping them rebuild their lives,” said Tony Isidro, President & CEO of Fuse Lending.
“Every single effort counts, and together, we can make a significant difference.”
GCash Enables Donations via #TulongMoiGCashMo
In addition to the loan extension, GCash has launched its #TulongMoiGCashMo initiative, enabling users to donate to reputable organizations supporting relief efforts. These include Ayala Foundation, ABS-CBN Foundation, GMA Kapuso Foundation, Philippine Red Cross, UNICEF, Caritas Manila, and Save the Children.
Users can donate directly through the GCash app by searching for these NGOs in the “Pay Bills” section or scanning official GCash QR codes. Transaction fees for donations are waived to encourage more contributions.
The company also warned against fraudulent donation drives and urged users to donate only through official channels.
“Customers should never share their MPIN or OTP with anyone,” the company advised in a statement.
GCash, a leading mobile wallet service in the Philippines, continues to support the United Nations Sustainable Development Goals, particularly in the areas of financial inclusion and climate action.
