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Financial
settling-in support for Nurses proceeding overseas.
Nurses and other professionals proceeding overseas are faced with
a formidable array of expenses
prior to receipt of even their first month's salary. Whether
for accommodation, food, clothing or for the families and children
left behind, the demands of the first few weeks are a difficult
time. Employers are increasingly reluctant to become involved in
providing any type of additional financial assistance to foreign
nurses even during this settling-in period, which cannot be made
equally available to local staff.
The opportunities, even for overseas working professionals to borrow
money until they are well established in their new countries of
residence, are very limited. Even where facilities are available,
they are very expensive and generally require considerable collateral
as well.
St
George's are very conscious of this need and have affiliated in
the UK with a company called STG Finance Ltd. The sole role
of STG Finance Ltd. is to provide short-term financial assistance
by way of salary loans to professionals taking up employment in
the United Kingdom, for the first time.
Subject
to the agreement of all parties to a monthly repayment from salary,
loans may be drawn upon departure from the Philippines in any combination
of Pesos and Sterling pounds.
Loans
are repayable over six months in five equal installments from the
second month which gives the new arrival a "free month"
to find their feet before having to carry the burden of loan repayment.
St.
Georges care for their clients in every way that they can.
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