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
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!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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