INQUIRER FILE PHOTO
MANILA, Philippines — The Philippine Home Development Mutual Fund (Pag-IBIG) has collected P25.88 billion in savings from its members this year, its chief executive officer (CEO) Acmad Rizaldy Moti said Friday.
He said the figure is 63% higher compared to last year’s collection.
He added that the agency currently has 13.08 million active members after 310,000 more joined the agency from 12.77 million active members recorded in December last year.
“Ito ay patunay na ‘yung ginagawa ng ating pamahalaan ay nagbubunga na nang tuluy tuloy,” he said in a Laging Handa public briefing.
(This is proof that the government’s effort continues to pay off.)
Meanwhile, the collection from voluntary savings, known as the MP2 program, from January to May this year more than doubled with P10.67 billion.
Moti said this is 109% higher compared to the collections in the same period last year.
Pag-IBIG was also able to release P35.28 billion in housing loans for the first five months this year, which is almost double or 97% higher than last year.
Moti said the agency was able to help over 37,000 housing loan borrowers this year.
Pag-IBIG also released P17.22 billion in multi-purpose or calamity loans for 826,279 borrowers.
Moti said around 25% of the borrowers were minimum to low-income earners.