State-run Home Development Mutual Fund (Pag-IBIG) Fund opened 2023 with P27.57-billion value of house loans launched, reflecting a 14% climb from the P24.21 billion within the first quarter of 2022.
In an announcement, Pag-IBIG mentioned the releases cowl 21,870 members, of whom 2,968 or 14% had been minimum-wage and low-income members who secured P1.26 billion in socialized house loans.
“Our strong performance in the housing loan front is an indication of the trust of our members in our programs. More importantly, our record-high numbers reflect the increasing number of Filipino workers we have enabled to gain new or better homes,” Chief Executive Officer Marilene Acosta mentioned in an emailed assertion.
“Our members can rest assured that we shall do our best to make our housing loan programs, as well as all our other services, continuously accessible so that they may fully enjoy benefits as Pag-IBIG Fund members,” she added.
The Pag-IBIG is remitted to generate financial savings by membership in an built-in nationwide financial savings system and mobilize the provident funds of its members for housing functions.
The company launched a record-high P117.85-billion in house loans, and surpassed the P1-trillion stage in complete house mortgage releases in 2022. — DVM, GMA Integrated News
Source: www.gmanetwork.com
