Essay on Company Account

п»їThe Home Creation Mutual Pay for (HDMF), even more popularly referred to as Pag-IBIG Fund, was established to supply aВ national cost savings program and affordable protection financing pertaining to the Philippine worker. В The Fund presents its members short-term financial loans and entry to housing courses. It isВ mandatory for all SSS- and GSIS-covered employees; uniformed members with the AFP, BFP, BJMP and PNP; along with Filipinos employed by foreign-based business employers.


For every Philippine worker to save with Pag-IBIG Fund and have good shelter. MISSION:

To generate even more savings coming from more Philippine workers, to administer a sustainable fund with integrity, audio financial rules, and with social responsibility, and to give accessible funds for casing of every affiliate. VALUES:

The governing beliefs that will drive the Pag-IBIG Fund in pursuit of its eye-sight include Sincerity, Excellence, Professionalism, and Support.


The birthday of the Home Creation Mutual Finance (HDMF), even more popularly referred to as Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing pertaining to the Philippine worker. The Fund was established on 14 June 78 by virtue of Usa president Decree No . 1530 mainly to address both of these basic yet equally important requirements. Under the explained law, there are two companies that implemented the Finance. The Sociable Security System taken care of the cash of private workers, while the Federal government Service Insurance System taken care of the cost savings of government staff. В

Less than a year following on 1 March lates 1970s, Executive Order No . 527 was authorized. The purchase directed copying the supervision of the Fund to the National Home Mortgage Fund Corporation, which has been one of the operating agencies with the then Ministry of Individual Settlements. В Seeing the requirement to further improve the stability and viability in the two money, Executive Purchase No . 538 was granted on 5 June lates 1970s, merging the funds pertaining to...


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