Pag-IBIG orders 6-month moratorium on loan fee for members in Marawi

The state-owned Home Development Mutual Fund (HDMF or Pag-IBIG Fund) has declared a six month-moratorium on all types of loan payments for its members in Marawi City, said its Chief Executive Officer Acmad Rizaldy on Saturday.

The order was approved during a board meeting on July 6 chaired by Cabinet Secretary and Pag-IBIG Chairman Leoncio “Jun” Evasco Jr.

Aside from the moratorium on the payment of loans, Rizaldy said Pag-IBIG also imposed a moratorium on remittances of members’ contributions in Marawi.

Rizaldy said P1-million worth of relief packages, which consists of “malongs” and hygiene kits among others, would be given to the evacuees. The amount will come from the Evasco’s Chairman’s Fund.

He said Pag-IBIG also allocated a P3-billion Home Rehab and Reconstruction Loan Package
for the victims of the siege in Marawi.

A P10-million budget, he said, was also alloted to help with the psychosocial needs of evacuees and livelihood training programs of those affected by the war in Marawi City. JPV