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16/05/2016: PHILIPPINE CONSULATE GENERAL AND PAG-IBIG FUND AND HOST “MAG-IPON AT MAGKABAHAY” FILIPINO FORUM FOR FILIPINO-AMERICANS IN HAWAII

As part of its Gender and Development (GAD) activities for 2016, the Philippine Consulate General, in partnership with the Home Development Mutual Fund, or more popularly known as the PAG-IBIG Fund, hosted a “Mag-Ipon at Magkabahay” Filipino Forum at the Philippine Consulate General on 15 May 2016. Close to seventy (70) members of the Filipino community, business and Consulate staff were in attendance.

The PAG-IBIG Fund, led by two if its Senior Vice Presidents – Mr. Alexander Hilario G. Aguilar of the Member Service Operations Sector and Ms. Marilene Acosta of the Loan Operations Sector, together with Mr. Juanito Angelito A. Jareno, Department Manager III of the OFW Center Operations Department, apprised the audience of PAG-IBIG Fund’s current programs and services for overseas Filipinos, particularly their savings and housing loan programs, the different facilities that their members can use to invest their hard-earned money in, as well as procedures for application and updates on membership.

The PAG-IBIG Fund officials also fielded questions from the audience during the open forum, and made themselves available for one-on-one consultations with interested individuals.

Created in 1981, the Pag-IBIG Fund is the Philippine government institution mandated to offer provident savings programs and housing finance to its members worldwide. Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan – Ikaw, Bangko, Industriya, Gobyerno. Roughly translated, it means the synergy among its different stakeholders (the employees or workers, banks and other financial institutions, the different industries/companies and the government). Membership benefits include access to the Fund’s savings program which includes annual dividends, and to the short-term and housing loan facilities at affordably low interests. (END).