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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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