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PIA Press Release
2007/09/07

SSS Abra assures prompt and efficient service delivery

by Maritess Beņas

BANGUED, Abra (7 September) -- "We will implement the condonation of loan penalties as soon as we get our memorandum from our main office."

This was the assurance of Perfecto Barnachea, the administrative officer of the Social Security System in Abra relative to the directive of President Arroyo for the SSS to extend its housing loan condonation program by another six months.

Barnachea is proud in telling that SSS-Abra has cleared its name from a bad perception in the past years when it was tainted with an image of corruption due to mal-practices and dishonesty. Today, SSS-Abra assures the public of prompt, honest and efficient service delivery system.

The President during the 5th anniversary celebration of SSS last Sept. 3, commended the agency for undertaking strong and steady effort to curb graft through criminal justice resulting to SSS regaining credibility and ranking third in the polls of institutions effectively fighting corruption.

She also thanked the SSS for contributing in the poverty reduction program of the government, employment generation, and improvement of education and health care services.

In the past, the only services the SSS known to the public is the life and retirement coverage for its members. But as years rolled by, the SSS had expanded its programs to financing various investment endeavors not only for its members but to participating institutions as well.

These programs which are offered to participating institutions are the following: hospital financing, financing program for education institutions, special financing program for vocational and technical schools, and financing program for tourism projects.

SSS also undertakes to promote the investment capabilities of individual businessmen with its special financing program like the Small and Medium Enterprises Unified Lending Opportunities for National Growth of the SULONG lending program, and the industry loan program. These loan programs are not limited to SSS members alone. These are also offered to non-SSS members who are engaged in micro and small and medium scale enterprises that help contribute to the growth of the national economy.

For those interested to avail of the financing programs of the SSS, they are advised to visit any of the 25 accredited participating financial institutions like the Allied Bank, Bank of Philippine Islands, China Bank, Development Bank of the Philippines, East West Bank, Equitable PCI Bank, Land Bank of the Philippines, Metro Bank, Philippine Postal Savings Bank, Philippine Veterans Bank, Union Bank and some other banks outside of the CAR region. (PIA-Abra) [top]

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