Saturday, August 8, 2015

Pag-IBIG bags two awards for OFW savings and employee housing programs


Pag-IBIG Fund recently bagged two awards from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) for its savings campaign for overseas Filipino worker-members and housing projects for low-income earners and shipyard workers. ADFIAP is an international non-governmental organization that is in consultative status with the United Nation’s Economic and Social Council and a founding member and secretariat of the World Federation of Development Financial Institutions. Competitors came from 25 member-institutions from 17 countries.

“Recognitions by respected third-party institutions like the ADFIAP affirm Pag-IBIG’s commitment to excellent performance and good governance. Both awards from ADFIAP prove the relevance of Pag-IBIG in our members’ lives, especially at a time when its credibility is being questioned,” said Atty.Darlene Marie B. Berberabe, Pag-IBIG Fund President and Chief Executive Officer.

ADFIAP gave Pag-IBIG Fund two Awards of Merit at its 38th Annual Meetings held in Vietnam last May 13-15, 2015. Pag-IBIG Fund is the only member of ADFIAP among the key shelter agencies in the Philippines.

 ADFIAP recognized the Fund’s Dagdag Ipon Raffle Promo 2014 for fostering “a savings culture among its members as a means of preparing them for a better future for themselves and their families.” The campaign generated P963.965 million in OFW savings from 46,157 members who saved at least P600 per month.

Meanwhile, Pag-IBIG’s Bistekville Housing Project and Needs Matching Program (Employee Village) were both recognized for allowing “employee-beneficiaries to pay for the land, land development, and house construction at significantly lower cost, thereby promoting their welfare and that of their families.”

The Bistekville Housing Project is a successful tie-up project between Pag-IBIG and the local government unit of Quezon City, for the LGU’s decent socialized housing program in the middle of the city. Pag-IBIG extends affordable home financing to local government employees, teachers, policemen, and minimum wage earners for the purchase of 893 rowhouses in phases 1 and 2.

Pag-IBIG Fund also partnered with Hanjin Heavy Industries and Construction Company Philippines for the shipbuilder’s Employee Village in Zambales. It is Hanjin’s employee retention program and Pag-IBIG’s pilot project for its Needs Matching Program. Beneficiaries enjoy home financing with the lowest rates in the market today. As of July 9 this year, 1,050 units have been constructed, 962 of which are already occupied by Hanjin employees.

“We are thankful to ADFIAP for recognizing our hard work. Being a member of the prestigious association inspires us to achieve even more. Our twin mandates of providing an effective savings mechanism and affordable housing finance for our members will always guide us in formulating innovative projects and campaigns to enable our 15.3 million members to lead better lives,” Atty. Berberabe said. (Faye/Ian)
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The information contained in this communication is intended solely for the use of the individual or entity to whom it is addressed and others authorized to receive it. HDMF is neither liable for the proper and complete transmission of the information contained in this communication nor for any delay of this receipt.

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