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

By: - Reporter / @NCorralesINQ
/ 05:17 PM July 08, 2017

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.

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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.

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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

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TAGS: HDMF, Marawi City, moratorium on loan payments, Pag-Ibig Fund
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