THE Home Development Mutual Fund or Pag-IBIG reported a 12 percent increase in approved housing loans for overseas Filipino workers (OFWs) last year as its OFW membership base also increased.
In a statement on Tuesday, Pag-IBIG said approved housing loans for OFWs rose to P12.15 billion in 2015 from P10.81 billion in 2014 and accounted for 28 percent of the P34.93 billion total housing loans approved last year.
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