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VICE President Noli “Kabayan” De Castro, chairman of the Pag-IBIG Fund Board of Trustees, has instructed the corporation to immediately release the calamity loan applications of Pag-IBIG members from Guimaras Island.

“This is one way of alleviating the plight of our members, especially from the five affected municipalities of Guimaras -- Jordan, Nueva Valencia, San Lorenzo, Sibunag, and Buena Vista -- who have lost their livelihood.”

Atty. Romero Quimbo, president and CEO, reported that since August 28, 2006 the Pag-IBIG Fund has released a total of P15.51 million in calamity loans covering 1,173 applications.

“Based on the instruction of VP De Castro, our office in Iloilo took a pro-active approach and went directly to the calamity-stricken areas to personally give the loan applications to affected members. Members would ordinarily need to travel to Iloilo City to avail of their loans. That won’t be necessary anymore since even the releasing of checks will be done in Guimaras itself.”

Under the Fund’s Calamity Loan program, a qualified member whose place of residence has been declared under a State of Calamity can borrow up to 80 percent of his total savings.

From January to July 2006, the Pag-IBIG Fund has released P453.88 million in calamity loans benefiting 26,547 member-borrowers across the country.