Vanuatu Business Review » VT100M payout in Hardship Loans
VT100M payout in Hardship Loans
The Vanuatu National Provident Fund (VNPF) has paid out almost VT100 million in COVID-19 Hardship Loans to close to 3, 000 members so far.
This was conveyed by the VNPF’s General Manager (GM) Parmod Archary.
GM Archary says 11, 000 more applications will be processed this week.
He says the delay being experience is because of the number of staff being tested positive to COVID-19.
A total of VT300 million has been set aside for the Hardship Loan.
Members can withdraw up to VT50,000 from their investment accounts or in worst case scenario, from their retirement accounts under certain conditions.