THE Pag-IBIG Fund has extended around half a billion pesos (P500.43 million) in cash loans to some 23,153 of its borrowing overseas Filipino worker (OFW)-members from January to October this year.
This posted a 228-percent increase from P152.69-million cash loans released in the same period in 2017. A total 6,731 OFW-borrowers benefited from the cash loans at that time.
Moreover, Pag-IBIG has released a total of P12.95 billion in housing assistance to 12,152 OFW families from January to September this year.
Speaking on behalf of Pag-IBIG Fund chief executive officer Acmad Rizaldy Moti, Deputy CEO for Member Services Cluster Alexander Hilario Aguilar reported the agency’s accomplishments at its 2018 OFW Day and Fund Coordinators General Assembly.
“Our OFW-members have a steady partner in Pag-IBIG Fund. We support President Rodrigo Roa Duterte’s social development program through our cash and housing loans. Pag-IBIG Fund also ensures that our housing programs are aligned with the BALAI Filipino (Building Adequate, Livable, Affordable, and Inclusive Filipino Communities) program led by Secretary Eduardo D. del Rosario, the Chairperson of the Pag-IBIG Fund Board of Trustees and Housing and Urban Development Coordinating Council (HUDCC),”Aguilar said.
As of October 2018, Pag-IBIG Fund’s active OFW-members rose to 1,139,785 – or 40 percent higher compared to only 816,128 last October 2017.
“Membership savings collections further went up to P2.26 billion in the first 10 months of the year, higher by 26 percent, or P472 million more than the P1.78 billion collected for the same period in 2017. OFW-members saved P1.72 billion under Pag-IBIG 1 savings program, and P541 million under the voluntary Modified Pag-IBIG 2 savings program,” Aguilar further reported.
Pag-IBIG also recognized its partners from the government, nongovernment organizations and other private entities that supported the Fund’s programs for its OFW-members.
The Fund has 23 overseas posts worldwide to serve OFW-members – 9 in the Middle East, 4 in Europe, 8 in Asia-Pacific, and 2 in North America.
In the Philippines, the OFW Center is located at the Pag-IBIG Fund International Operations Group office, 6th floor, Justine Building, 317 Sen. Gil Puyat Avenue, Makati City./PN
