Pag-IBIG Fund finances homes of 16,975 low-wage workers in 2020
Pag-IBIG Fund financed socialized housing loans of 16,975 members belonging to the minimum-wage and low-income sectors in 2020 despite the pandemic, its top executives said on Thursday (February 11).
Socialized housing loans represent 27% of the 63,750 units financed by the agency, and amount to P7.18 billion out of the P63.75 billion in total housing loans it released last year.
Pag-IBIG home loan releases hit record-high P12.11B in December amid the pandemic
Pag-IBIG Fund home loan releases hit a record-high in December as disbursement reached P12.11 billion despite the economic downturn caused by the Covid-19 pandemic, top officials of the agency announced on Wednesday (Jan. 27). This amount is P640 million higher, or a six percent increase, from the previous record of P11.47B that was set in December 2019.