Pag-IBIG expands services to Pinoys in Oman

ABS-CBNnews.com

Posted at 07/24/2013 12:45 PM | Updated as of 07/24/2013 12:45 PM

MANILA – The Pag-IBIG Fund opened an Information Desk in the Sultanate of Oman to provide services to about 50,000 Filipinos in the country.

"The OFW membership is one of Pag-IBIG’s fastest growing segments. The number of OFW members has grown by 60% annually since 2010. Today, we have about 3 million members working abroad. That’s 24% of our total membership of 12.5 million,” said Pag-IBIG Chairman Vice President Jejomar Binay.

The information desk, located inside the Philippine Embassy in Muscat, is part of the Fund’s thrust to make its services more accessible and responsive to the members’ needs. Pag-IBIG Fund operates 19 overseas posts around the globe.
"We want to be where our members are. And we want them to know that we are at their service. I met a member in Oman who invested P1.02 Million in our Modified Pag-IBIG II Savings Program (MP2). I felt very much honored of the fact that he chose to invest his hard-earned money in Pag-IBIG Fund,” said Pag-IBIG President Darlene Berberabe.

The MP2 Program is a voluntary savings program for Pag-IBIG members where their minimum savings of P500 a month for a fixed period of five years shall earn higher annual dividends compared to the mandatory savings program of Pag-IBIG.
"With our wide array of services, I want to inform our members that they can rely on Pag-IBIG for their every need,” Berberabe said.

The agency recently doubled the housing loan amount from P3 million to P6 million and reduced the interest rates. A separate socialized housing program with a 4.5% interest rate fixed for 10 years was also launched to help minimum wage earners own a home.

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