Vice President and Pag-IBIG Fund Board Chairman Jejomar Binay reported that the fund has disbursed almost P24 billion in multipurpose loans for the first seven months of 2011, benefitting 1.2 million Pag-IBIG members.
“The amount is P6 billion or 35 percent more than the amount released in the same period last year,” Binay said. The increase in disbursements is attributed to the more extensive marketing campaign conducted by the different operating units of the Fund.
Pag-IBIG Fund chief executive officer lawyer Darlene Marie Berberabe said that a significant peak in the availment of loans was recorded during the month of May when many members avail themselves of loans to defray tuition expenses, among other needs.
The fund’s multipurpose loan continues to be a source of ready money for members in times of need. Under the program, qualified members may avail themselves of 60 to 80 percent of their total savings, depending on the number of their monthly contributions. The loan, which carries an interest rate of 10.75 percent per annum, may be repaid over a period of 24 months.
Berberabe noted that at the rate it is going, the Fund is likely to exceed its P36 billion target in MPL availments for the year.
For more information about the program, members can call the Pag-IBIG hotline 724-4244 or get in touch with the branch office nearest them. –Daily Tribune
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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