Vice President and Chairman of the Pag-IBIG Fund Board of Trustees Jejomar Binay has unveiled Pag-IBIG’s innovative “rent-to-own program” for public utility drivers and operators.
The program is part of a memorandum of understanding (MoU) signed between the Pag-IBIG Fund and seven transport groups at the Coconut Palace.
Binay said that the agreement between the transport groups and Pag-IBIG will provide a framework for housing programs for the sector, foremost of which was the rent-to-own program.
Under the program, the monthly rental paid for a house selected from Pag-IBIG will be used as a downpayment in case the lessee decides to buy the house. The program is expected to benefit some 200,000 drivers and operators.
The MoU was also signed between Pag-IBIG and the Department of Education for a Home-Matching and End-User Housing Loan program.
Pag-IBIG will regularly provide DepEd with housing inventories. Meanwhile, the DepEd will provide Pag-IBIG with the list of DepEd employees and teachers who have no housing unit with their corresponding net disposable income. Teachers with no housing unit may then avail of the End-User Housing Loan to buy the house.
Pag-IBIG will also conduct housing loan counseling to prospective member-borrowers and assist in the initial housing loan documentation. The DepEd will then enter into a Collection Servicing Agreement with Pag-IBIG, through a monthly salary deduction scheme.
The seven transport groups that signed the MoU include 1-United Transport Koalisyon; Liga ng Transportasyon at Operators sa Pilipinas Inc.; Federation of Jeepney Operators and Drivers Association of the Philippines; Alliance of Transport Operators and Drivers Association of the Philippines; Alliance of Concerned Transport Organizations; Pangkalahatang Sanggunian Manila and Suburbs Drivers Association; and Public Transport Workers Foundation.
According to the Vice President, the MoU with the transport groups is instrumental in widening Pag-IBIG’s membership base and disseminating knowledge on Pag-IBIG’s programs, especially that of saving. –Daily Tribune
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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