AFPSLAI is in ICU. bloodsuckers (moneysuckers).Investors are forewarned.
Ah-oh. Somebody's sourgraping just because he is not eligible for an easy 17-18% annual interest. Lol jk. I am an associate member myself and have been enjoying the interest for several years now.
our AFP pension funds and loan associations (whatever their name), is a pain in the ***SS financially. kaya lang nag survive due to continuing bailout by our national government (gusto ba natin ng military revolt pag tumigil ang pension nila?)ask DOF and there's a lot of stories to be told.
^ bailout means government is injecting more funds to keep the company from bankruptcy.
I think AFP pension on their personnel and AFPSLAI is two different animal. One is a government obligation to military personnel when they retired why AFPSLAI is a co-op bank for military personnel where they can open savings account and borrow money. Loan transaction are automatic salary deduction to those who borrow with a co-borrowers if s/he decide to AWOL. Plus they don't allow high loan amount if account holders does not have significant Capital account invested in AFPSLAI. it's like MESALA for MERALCO and Lopez Group of companies personnel.
ang AFPSLAI at iba pang financing company na nakatutok sa isang sektor (military at police) para pagkunan ng kanilang income eh masyadong mataas ang risk profile kasi nga may problema ngayon ang ating gobyerno sa pagkukunan ng pondo para sa pension payments.ang senate report na ito ang nagpapatunay na lubhang malaki ang problema ng AFP pension system at hanggang ngayon ay walang solusyon ang gobyerno kaya malaking sugal sa mga investors ang paglagak ng pondo sa mga kumpanya na ang kliyente ay ang ating military/police personnel.