DESPITE the uncertainties caused by Covid-19 in 2020, Pag-Ibig Fund members turned to the agency’s MP2 Savings and collectively saved over P13 billion, setting a new record for the amount saved voluntarily by members under the program in a single year.
The MP2 Savings is a special savings facility with a five-year maturity, designed for Pag-Ibig Fund members who wish to save more and earn even higher dividends, in addition to their Pag-Ibig Regular Savings. The program is also open to pensioners and retirees who were former Pag-Ibig Fund members.
According to Secretary Eduardo del Rosario, chairperson of the Department of Human Settlements and Urban Development, this is the highest-ever amount saved by the members in the program so far.
“This shows the significant trust that our members have in the Pag-Ibig Fund, that we shall manage their hard-earned peso prudently. This will also go a long way in helping us serve more members by providing funds for their home loans and cash loans,” said del Rosario, who also heads the 11-member Pag-Ibig Fund Board of Trustees. (PR)