Pag-IBIG Fund-Davao releases P142-B in multipurpose, calamity loans
2024-Nov-13 20:00
LOANS RELEASED. Marie Antoniette Diaz, senior vice president of the Pag-IBIG Fund's member services operations sector, shares updates on loan disbursements in Region 11 at the Kapihan sa Bagong Pilipinas forum in Davao City on Tuesday (Nov. 12, 2024). The agency has released over P142 billion in multipurpose and calamity loans from July 2022 to the third quarter of 2024, with P132.28 billion going to MPL and P10.39 billion to calamity loans. (PNA/Robinson Niñal Jr.)
DAVAO CITY – The Pag-IBIG Fund has disbursed over P142 billion in multipurpose and calamity loans across the Davao Region since July 2022 under President Ferdinand Marcos Jr.'s administration, an official reported Tuesday.
Speaking at the "Kapihan sa Bagong Pilipinas" forum, Pag-IBIG Fund Senior Vice President for Member Services Operations Marie Antoniette Diaz said the agency allocated P132.28 billion for multipurpose loans (MPL) and P10.39 billion for calamity loans over the period.
"In the Davao region, specifically, we have provided P6.79 billion for MPL and P274 million for calamity loans," Diaz said, adding that Pag-IBIG also recorded P4.65 billion in regular savings and P2.80 billion in Modified Pag-IBIG II (MP2) savings from members in the region.
In support of the President's housing initiative, Diaz highlighted that Pag-IBIG facilitated affordable homeownership for 26,764 low-income earners in Region 11, approving a total of P12 billion in housing loans.
The agency disbursed P10.85 billion for housing purchases or repairs benefiting 9,154 members, with an additional P389 million released under the socialized housing loan program, aiding 954 members. (PNA)