The Home Development Mutual Fund (Pag-IBIG) Fund said that it has released P27.57-billion worth of home loans in the first quarter of 2023.
This is a 14% increase of P24.21 billion in the first quarter of 2022.
The releases cover 21,870 members, of whom 2,968 or 14% were minimum-wage and low-income members who secured P1.26 billion in socialized home 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 said in a statement.
“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 mandated to generate saving through memberships which will be used for housing loan purposes.
