Pag-IBIG Fund is now accepting disaster loan applications from members in areas affected by Odette – UNTV News


The Pag-IBIG Fund is now accepting disaster loan applications from members in areas affected by Odette

Maris Federez • December 29, 2021 • 5

Manila, Philippines – The Home Development Mutual Fund (Pag-IBIG Fund) has announced the allocation of 5 billion pesos in disaster loans and is now accepting requests for assistance from its members affected by Typhoon Odette.

“At times like these, Pag-IBIG Fund is always ready to help members through our Disaster Loan program. This is why the Pag-IBIG board of directors has allocated a loan fund of 5 billion pesos to help our members in Visayas and Mindanao recover from the devastation caused by Typhoon Odette, ”said the Department of Settlements. Human and Urban Development (DHSUD) Secretary Eduardo D. del Rosario in a statement released recently.

Under the Pag-IBIG Calamity loan program, eligible members can borrow up to 80% of their total Pag-IBIG savings, which consists of their monthly contributions, matching employer contributions and accrued dividends. won, according to the press release.

And given the plight of the members, the disaster loan is offered at a rate of 5.95% per annum, which is the lowest rate in the market, he added.

The loan is repayable over a period of up to three years. It gives the borrower a two-month grace period so that the initial payment is not due until the third month after the loan is released.

Qualified borrowers can apply for the loan within 90 days of the date an area was declared in a state of calamity.

The Managing Director of the Pag-IBIG Fund, Acmad Rizaldy P. Moti, said members in affected areas who have access to internet service and have a Pag-IBIG Plus loyalty card, from the Land Bank of the Philippines or the United Coconut Planters’ Bank (UCPB), can submit their Calamity loan applications online through Virtual Pag-IBIG.

No more Php3-B needed for the repair and rehabilitation of schools devastated by Odette – DepEd

Manila, Philippines – The Ministry of Education (DepEd) said more than 3 billion pesos was needed to fund repair work and rehabilitation of school buildings in areas hit hard by Typhoon Odette.

According to DepEd’s assessment, 1,086 classrooms were destroyed by the typhoon and 1,316 were partially damaged.

DepEd secretary Leonor Briones said funding was needed to replace broken chairs and desks, as well as damaged learning materials and computers.

“We are probably looking at the 2022 budget as soon as it is passed. And we will be pleading and begging to be taken into consideration because we will probably use part of the 2022 budget for rehabilitation, ”she said.

Data from DepEd showed that around 656 public schools now serve as evacuation centers for victims of Typhoon Odette.

Meanwhile, the department said it will continue the planned expansion of limited face-to-face classes in 2022.

This, said DepEd, is the department’s effort to bring normality back to the student learning process. – / mbmf (extract from the report by UNTV correspondent Aileen Cerrudo)

No food shortage in areas affected by Odette – Dar

Manila, Philippines – The Ministry of Agriculture (DA) assured that the country has an adequate food supply despite the damage caused by Typhoon Odette to the agricultural sector.

Based on DA data, more than 68,000 farmers and fishermen were affected by the onslaught of Typhoon Odette in parts of the Visayas and Mindanao.

About 300,000 hectares of farmland have been destroyed and large parts of the fishery have been affected.

The coconut and rice industries have also suffered greatly.

“The total damage and loss in agriculture natin sa bansa has umabot na po ng nearly 6 billion pesos, which still counts,” DA secretary William Dar said.

Despite this turn of events, however, Dar assured that there would be no shortage of food supplies.

“We don’t have a big problem in terms of rice. Rice is so readily available in most areas. But, of course, there are those areas that are slightly affected because of the logistics, ”he said.

Meanwhile, the department has allocated 2.9 billion pesos to buy and distribute seeds for the sowing and fishing boats.

It’s about helping farmers and fishermen get back on their feet and start from scratch. – / mbmf (extract from the report by UNTV correspondent Aileen Cerrudo)

Globe extends payment terms for postpaid customers in areas affected by Odette

Manila, Philippines – Globe Telecom announced Tuesday that it will extend payment due dates for Globe At Home, and Globe’s platinum and postpaid mobile customers in areas devastated by Typhoon Odette.

In a notice, the phone company said the extension also covers bill-related disconnection, bill adjustment, and automatic discounts for qualifying customers.

Payments for the period will be extended until January 2, 2022.

In a statement, Globe said eligible users will receive notifications of prorated discounts. They can pay their bills after their due date or before the extension deadline of January 2.

“Our technical teams are relentlessly carrying out restoration work to bring services back to normal in the remaining affected areas,” the telephone company said.

Authorities said earlier that restoring telecommunications and power lines that Odette had broken down was a priority, as disconnected services slow relief efforts in areas hit by the typhoon.


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