SEDPI promotes Pag-IBIG to thousands of Filipinos in the Philippines and overseas

Home Development Mutual Fund more popularly known as Pag-IBIG fund seeks to improve the quality of life of the Filipino by providing them sufficient shelter, an integrated nationwide provident savings, and housing through the mobilization of funds for shelter finance. It is mandatory for all Filipinos with monthly income of at least PhP1,000 to become Pag-IBIG Fund members. In addition, it is not only for formally-employed but more importantly for self-employed and those from the informal sector.

SEDPI recognizes the value of the Pag-IBIG Fund membership and the benefits of savings and home financing it provides for its members. Its members consist of self-employed individuals in the informal sector with need for improved social protection and access to decent and affordable housing. This led SEDPI to agree to act as conduit through which Pag-IBIG Fund membership shall be provided to its members.

Pag-IBIG Fund and SEDPI agreed to jointly work in providing Pag-IBIG Fund membership for the self-employed members of SEDPI towards providing them access to provident savings and decent and affordable shelter financing through Pag-IBIG Fund’s programs. In fulfillment to the memorandum of agreement, SEDPI conducted series of orientations to 1,554 participants from the informal sector and overseas Filipino; and produced vlogs and articles promoted in various social media channels that reached nearly 2 million audience. 

Series of orientations to informal sector 

Pag-IBIG became part of SEDPI’s Social Welfare Protection Program (SWePP), a consolidated microinsurance and social security program which aims to provide security and financial safety net to members through adoption of various insurance schemes. For those with maximum monthly compensation of PhP5,000, monthly savings with Pag-IBIG Fund is PhP100. 

With the partnership, SEDPI members only need to pay PhP20 per month or PhP5 per week. Contributions were paid during weekly group meetings held within the barangay where the members live that saved them costs in visiting the nearest Pag-IBIG Fund branch, which is one town away, at best.

As part of its damayan program, beneficiaries receive PhP4,000 instant abuloy when a SEDPI member passes away. With the partnership, SEDPI explained to its members that when they register with Pag-IBIG, their family will be able to receive additional PhP6,000 death benefit, for a total of PhP10,000. 

The table below shows the locations of SEDPI’s orientations on Pag-IBIG with its corresponding number of participants. 

Financial literacy trainings abroad 

SEDPI also conducted training events to promote Pag-IBIG abroad. A total of 895 Overseas Filipino Workers (OFWs) attended these trainings in different countries. 

The events became an opportunity to encourage Filipinos to patronize Pag-IBIG and realize the benefits it offers. SEDPI provided 30 minutes for a Pag-IBIG representative to talk if they have representatives in the posts abroad.

In a video posted by SEDPI president Vince Rapisura on social media, an OFW shared his inspiring story of saving through MP2 and accessing housing loan. The table below shows the locations of SEDPI’s trainings abroad where Pag-IBIG was promoted, with the number of participants for each event.

Videos and blogs in Usapang Pera

SEDPI has also made its own promotional materials for Pag-IBIG membership, which comes in various forms — articles, videos, etc. In social media, Pag-IBIG was promoted by SEDPI to the 220,000+ Facebook followers and 31,000 You Tube subscribers of Sir Vince Rapisura.

The table below shows the articles and videos on Pag-IBIG produced by SEDPI with their corresponding reach on social media. 

Photo Documentation

Social Enterprise Development Partnerships, Inc. (SEDPI) conducted training events to promote Pag-IBIG locally and abroad. 

Local Events 

SEDPI promoted Pag-IBIG primarily through its several orientations in the provinces Agusan del Sur and Surigao del Sur. A total of 669 members received these orientations with discussion on Pag-IBIG and its benefits. 

SEDPI has also displayed tarpaulins on Pag-IBIG Fund membership and benefits in conspicuous areas of its units and areas. It has also made available a timeslot in its meetings for the playing of audio-visual presentations on Pag-IBIG Fund membership and benefits, whenever feasible. 

Below are some of the photos from the SEDPI orientations.

Sir Vince Rapisura discussing with members from Pagtilaan, Surigao del Sur.

Sir Vince poses for a photo with some members from Bislig, Surigao del Sur.

Events Abroad

Abroad, around 895 OFWs attended SEDPI trainings promoting Pag-IBIG. Series of training were held in different countries including Hong Kong, Thailand, Italy, Dubai, Abu Dhabi, Macau, Japan, Singapore, Qatar, Egypt, South Korea, Spain, and Switzerland. The events became an opportunity to encourage Filipinos to patronize Pag-IBIG and realize the benefits it offers.

Distressed OFWs in Abu Dhabi posing for a photo with Sir Vince Rapisura’s book on Learning Wealth.

Sir Vince Rapisura with OFWs in Barcelona, Spain.

Sir Vince Rapisura with OFWs at the Labor Camp in Doha, Qatar.

Sir Vince Rapisura with OFWs in Dubai.

OFWs in Madrid who underwent SEDPI’s Financial Literacy and Social Entrepreneurship training.