Pag-IBIG to release savings of members from Lebanon
The Pag-IBIG Fund, one of the country’s leading provident financial institutions, will allow affected members registered under the Pag-IBIG Overseas Program (POP) to withdraw their savings even prior to membership maturity.
This was announced recently by Vice President Noli “Kabayan” de Castro, chairman of the Fund’s Board of Trustees and concurrent Head of Task Force Lebanon, in a bid to help the repatriated workers from Lebanon.
To date, there are 681registered Fund members affected by the Lebanon crisis, whose total savings are estimated to be around P9.5 million.
The Pag-Ibig Overseas Program is a voluntary savings scheme open to all Filipino overseas contract workers, immigrants, permanent residents and seafarers. Through the POP, Pag-IBIG offers Filipinos abroad a convenient way of saving for their future and an opportunity to build their homes through an affordable loan program.
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