my interview with the “relucant leader, accidential hero” of Pag-IBIG Fund

March 20, 2009

quimbotalk73I got the chance to interview personalities and top ranking officials in private corporations and government offices, but i will treasure most my recent (ambush) interview of this “reluctant leader, accidental hero” of Pag-IBIG Fund.

Everytime I learned of his coming to Davao, I and my media friends look forward to interviewing him because Atty. Miro Quimbo is one personality that we could build a cabinet of stories and run them for weeks.  He always has new things to say.  We like him because he is intelligent and articulate and media friendly.

Also a lovable person that girls of all ages would want a photo shoot with him. There was one occasion while we were in an interview that some ladies approached him for a photograph and he obliged himself getting our nod that he be excused for a second just for the foto shoot.

He possesses the features of a celebrity and he is one in his own right although he readily said “that’s good only while you are in the position”. Quimbo is chief executive officer of Pag-IBIG Fund but recent development broke out where the inQ7.net carried a story of his quitting the top position of the Fund.

I was saddened by the news. I got a text from a Manila friend Thursday morning of RSQ quitting the post. But because I was busy with coverages that day first with a presscon at Pag-IBIG Fund Davao office with VP Jose W Banzon Jr. on the new condonation law and at the Medco Office for another presscon with Presidential Adviser on the Peace Process Avelino I. Razon and Medco Usec Virgilio Leyretana, I forgot about the text. 

Earlier on I had to go back to the house to iron the toga of daughter Kim for the pictorial of Ateneo graduating class of 2009.  What made my day horrible also was the sudden transport strike leaving the streets without public utility jeepneys.  All taxis that ply the Bangkal area yesterday were all occupied.

Good thing my couple friends Cesar (of SM) and wife Karen (on event organizing) saw me and very desperate of getting a ride because I could not huggle for one that time because I was already late for the 10am presscon.  I was still on the road at 10:45 am. 

It pays to have lots of friends, and because of Cesar and Karen I was still able to catch up with the first presscon.

At past 12:00 we then moved to the second presscon from Pag-IBIG Fund with Q, Tony A, Peng, Beth and Henry to Medco.  And after taking our lunch after the presscon there, Peng and company dropped us to Bolton at NetExpress where Joy and I wrote our stories.

Ride home was still difficult at 4:00 pm so I decided to take the taxi (at last walang laman) and dropped Joy at NCCC.

I arrived home at almost 5PM. Watched tv while i thaw the fish and meat that i will cook for our dinner.

My husband arrived home at past 5PM and told me about RSQ and that reminded me of the text i got earlier.  I searched the net and found the inQ7.net story.  Atty. Tonette also texted me about this.

And when i read the story … only then i realized it’s real.

During my March 6 interview with him, although very brief, after some clarification of what he said during the Mindanao Housing Forum,  i asked him about his future plans like seeking political seat. He did not answer me on that but Jokingly he said “i will run in the oval”.   And with the big smile he said thank you for the help.  I know these are the stories we write about his Pag-IBIG Fund.

As i writer and with the many occasions that i interviewed him, i believe in his vision and i know he is sincere in his job.

I still look forward to interviewing him even after Pag-IBIG Fund and his next career could be more exciting and that would make our stories about him exciting as well. 

Thanks to JWB jr too for setting the interviews we had with him. 

“Break a leg Sir” … and we pray for you too.

(you can read the article “reluctant leader, accidental hero” at the CEO’s corner at www.pagibigfund.gov.ph)


Today’s Report – Housing Czar pushes for Pag-IBIG’s 70% investment in housing.

February 5, 2009

Vice President and concurrent Housing and Urban Development Coordinating Council (HUDCC) chairman Noli ‘Kabayan’ de Castro thanked the two Houses of Congress for pushing the amendments in the Charter of the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund.

The Charter amendments seek to strengthen not only the Pag-IBIG Fund but the entire housing sector as well. He noted that the draft bills approved by the two Houses of Congress would restore the tax-exempt privilege of the Fund and authorize the board to set the contribution rates of members resulting in additional funds for the benefit of Pag-IBIG members.

However, De Castro objected to the deletion of the provision in the Pag-IBIG Fund’s existing Charter stating it should “invest not less than 70% of its investible fund to housing.” “Housing is one sector with a big multiplier effect on the economy.

Every P1 million invested in housing translates to P16.6 million of economic activity in the country. At this time of the global financial crisis, we need to put our funds on industries that would stimulate the economy and create more jobs for our people,” De Castro said.

He urged Congress to restore the said provision to realize the prospective law’s objectives of providing the Filipino citizens with sufficient shelter through the mobilization of funds for shelter finance.

De Castro’s call for the restoration of the above provision is consistent with his recent announcement that the Pag-IBIG Fund is putting in at least P82 billion as part of the stimulus package being worked out by the Arroyo Administration. Of this amount, 70% or about P57.4 billion would be invested in housing. (from the newsroom of Pag-IBIG Fund website)


Pag-IBIG @ 28

December 17, 2008

Pag-IBIG Fund getting stroger, growing bigger @ 28

Photo shows Pag-IBIG Fund vice presidents (right) Jose W. Banzon, Jr for Southern Mindanao and (center) Ophelia dela Cerna for Northern Mindanao with Davao branch manager Manolito O. Olegario during the opening of exhibit at the Pryce Tower Business Park in Davao City.   The exhibit features the highlights of the Fund’s accomplishments since it  was established in (December 14) 1988 to 2008.

unveiling-of-exhibit-1


Quotes from VP Banzon

May 15, 2008

“The Fund family must continue extending their services with clients satisfaction. Let us maintain quality service and by serving the clients with smile as well as sustain an accommodating attitude to all clients”.

“We should listen to feedback because this is a tool that will help us improve our services”.

“We should not discard the past when Pag-IBIG Fund was just starting. Its humble beginnings and sacrifices made the Fund what it is today.This should be a guide as we continue to make Pag-IBIG Fund a model of service”.


Schedule of loan counseling session at Pag-IBIG Fund Office

May 15, 2008

The loan counseling session is a requirement for housing loan appliction.

Schedule :

Davao City

Every Friday

Am session – 9:00 am to 12 Noon

PM session – 2:00 pm to 5:00 pm

Other schedule

Every first and third Saturdays of the month

9:00 AM to 12 Noon only

Venue : Pag-IBIG Fund Davao City Office at Pryce Tower, J P Laurel Avenue

Seminar Room, third floor

Tagum City

Every Friday

2:00 PM to 4:00 PM only

Venue : Pag-IBIG Tagum City Office conference room

General Santos City

Every Friday

8am – 12 noon

Venue -  training room at Pag-IBIG Office

3rd floor at RDRDC Building, Santiago Blvd, General Santos City.

Cotabato City

Every Saturday 9:00 am – 12 noon

Venue   – training room at Pag-IBIG Office

6F CYM Bldg., Don Rufino Alonzo St., Cotabato City

Kidapawan City extension office

Every Friday –

morning session – 10:00am

afternoon session – 3:00pm

Venue – training room Pag-IBIG Fund Office

2F Zepol Bldg., National Highway, Kidapawan City


Frequently Asked Questions

May 15, 2008

Who can be member of Pag-IBIG Fund?

Mandatory

With the signing of Republic Act No. 7742 all SSS and GSIS members earning P4,000 and above monthly are mandatorily covered by Pag-IBIG fund.

Voluntary

Membership to the fund is also open to:

    • Private and government workers earning less than P 4,000 a month but who wish to join anyway;
    • Self-Employed workers such as professionals and businessmen;
    • Overseas contract workers (OCW);
    • Residents and immigrants in the United Staes and Canada;
    • Informal income group such as cooperative members;
    • Non-working spouses.

How much is the monthly contribution?

For employees with monthly compensation (Basic+COLA) of P1,500 and less, an amount equivalent to one percent (1%) of their monthly compensation, and two percent (2%) of the monthly compensation of employees earning over P1,500.

  1. Over P1,500 , an amount equivalent to two percent (2%) of the monthly compensation of each covered employee.
    1. savings
    2. short term loan
    3. Housing loan
    • US $1,000 or less shall contribute US$20 or its peso equivalent monthly.
    • Over US $1,000 , monthly contribution of US $40 or its peso equivalent.
    • C$1,500 or less, monthly contribution of US $40 or its peso equivalent.
    • Over C$1,500 a month. monthly contribution of C$60 or its peso equivalent.
    • double or triple your money benefit
    • tax-free dividend earnings
    • portability of savings
    • government-guaranteed
    • Membership maturity after 20 years
      • A member who signs up under RA 7742 (Pag-IBIG Universal Coverage Law) shall be allowed partial withdrawal after 10 or 15 years of continuous membership, provided he has no outstanding housing loan with the Fund.
    • Retirement
      • at age 45 (early retirement plan)
      • at age 60 (optional retirement)
      • at age 65 (mandatory retirement)
    • Permanent departure from the country.
    • Permanent total physical disability/insanity.
    • Termination from service by reason of health.
    • Death of the member
    • Purchase of a fully developed lot not exceeding one thousand (1,000) square meters which should be within a residential area;
    • Purchase of a lot and construction of a house thereon.
    • Purchase of a residential house and lot, townhouse or condominium unit, inclusive of a parking slot, which may be:
    • -old or brand new;
      -a property mortgaged with the Fund; or
      -an acquired asset which is disposed of through sealed public bidding, negotiated sale or Rent to Own program
    • Construction or completion of a residential unit in a lot owned by the member;
    • Home improvement;
    • Refinancing of an existing mortgage loan with an institution acceptable to the Fund, provided that:
    • - the loan to be refinanced is current and updated at the time of loan application;
      and
      - the account reflects a perfect repayment history for at least two years, as supported by the borrower’s official receipts
    • Combination of loan purposes shall be limited to the following:
    • -Purchase of a fully developed lot not exceeding 1,000 sq.m. and construction of a residential unit thereon
      -Purchase of a residential unit, whether old or new, with home improvement;
      -Refinancing of an existing mortgage with home improvement or
      -Refinancing of an existing mortgage, specifically a lot loan with construction of a residential unit thereon.

      Who are eligible to borrow?

      • Must be a member under the Pag-IBIG I or Pag-IBIG II program for at least 24 months as evidenced by the remittance of at least 24 monthly contributions at the time of loan application:
      • Must be a member under the Pag-IBIG Overseas Program (POP) for at least two years
      • A member under Pag-IBIG I & II or the POP shall be allowed to make a lump sum payment equivalent to the required number of monthly contributions to satisfy this requirement;
      • Under the Pag-IBIG Overseas Program (POP), must have remitted an amount equivalent to his savings for at least 12 months.
      • Must not be more than 65 years old at loan maturity and must be insurable;
      • Must have the legal capacity to acquire and encumber real property;
      • Must have passed satisfactory background/credit and employment/business checks of the developer and the Fund;
      • Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back or subjected to “dacion en pago”
      • Must have no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower; and
      • Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application. A member whose multi-purpose loan is in arrears shall be required to pay his arrears over the counter to update his account.How does one avail of a Pag-IBG Housing Loan ?
        1. Attend a Loan Counseling session at the Pag-IBIG Office concernedAccomplish a Preliminary Loan Counseling Questionnaire, Husing Loan Application (HLA) and Membership Status Verification Slip. If eligible, secure checklist of requirements.
        2. Submit HLA with complete requirements. Pay a processing fee of P1,000.00 (non-refundable)
        3. Receive Notice of Approval/Letter of Guaranty and sign loan documents.
        4. Proceed to BIR and present Deed of Absolute Sale (DOAS) between owner of the property and applicant for payment of documentary stamps and capital gains tax.
        5. Proceed to Registry of Deeds (RD) for payment of transfer of tax and registration fees for the transfer of title.
        6. Proceed to Notary Public for notarization of LMA and annotation of mortgage with the Registry of Deeds (RD) and to Assessor’s Office to secure new tax declaration in the name of the applicant.
        7. Secure Occupancy Permit from the Local Government Unit’s (LGU) Engineering Office for Purchase of new Residential Unit (PRU), Purchase of Lot and Construction of a New Residential Unit (PLCH) and Construction of House (CH) loan purposes.
        8. Submit the following documents to Pag-IBIG office concerned:
          • Original Transfer Certificate of Title in the name of the applicant with annotated mortgage
          • DOAS with original RD stamp
          • New Tax Declaration in the name of the applicant
          • Updated Real Estate Tax Receipt (house and lot, if applicable)
          • Occupancy Permit
          • Assignment of Loan Proceeds
        9. Release of loan proceeds
        10. Start monthly amortization on the month immediately following loan take-out/final loan release.
  2. Employers are mandated to match their employees’ monthly contributions with an amount equivalent to two percent (2%) of the monthly compensation of each covered employee.

    For self-employed members, monthly contribution is equivalent to two percent(2%) of their monthly gross earnings.

    Under the Pag-IBIG Overseas Program (POP) ,OFWs with monthly compensation of:
    What are the benefits of Pag-IBIG Membership?

    The Fund offers its members the following benefits:
    What is the Pag-IBIG Provident Savings Program?

    The Pag-IBIG provident savings program is a fast, easy and affordable way of saving for a member’s future needs.

    What are the special features of Pag-IBIG Savings Program?

    Pag-IBIG savings enjoy the following features:
    When can a member withdraw his savings?

    Withdrawal of Pag-IBIG savings is allowed upon occurrence of any of the following :

    -in case of the member’s death, the Fund provides the legal heirs an additional P6,000 death benefit grant (DBG).


Recent photo

May 13, 2008

At the inauguration of Ecoland 4000 of the Consunji’s on May 9, 2008 at Eco-west, Ecoland Drive, the event was graced by (L-R) Davao City Vice Mayor Sara Duterte, Vice President Noli de Castro, Mr. Consunji, and Pag-IBIG Fund Deputy Chief Executive Officer and Executive Vice President Jaime A. Fabiana


Accredited housing developers of Davao Region

May 13, 2008

This page will provide a list of accredited housing developers in the Davao Region. The list is being finalized and will be posted in due time.


May 12, 2008