Pag-IBIG Fund Davao notes 10% growth housing loan borrowers as of Sept. ‘09

DAVAO CITY, Nov. 5 (PNA) — Pag-IBIG Fund Davao noted a 10 percent increase in housing loan borrowers as of September 30 this year compared to same period last year.

Pag-IBIG Fund branch manager Manolito Olegario said the increase of loan borrowers could be attributed to their active promotion of the program.

Olegario said there is also demand for more housing units.

He said 50 percent of their borrowers are from outside of Davao City like Cotabato and Surigao provinces.

He said the government-owned corporation sold P278.9 million of its acquired assets or 849 units from January to September 2009 in Davao City alone.

“For disposal starting October this year, some 566 units located in established subdivisions within Davao City and Davao del Sur,” he said.

On the other hand, Eduardo Manicio, executive vice president of the Social Housing Finance Corporation, said their office assisted hundreds of settlers in Davao City.

Manicio said they have already spent almost P84 million in legalizing the tenure of their occupancy in the area. (PNA)    … published at Davao dailies and at


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