Manila, Dec. 16 -- State-run Home Development Mutual Fund capped the year by rewarding its members with cash prizes of up to PHP500,000.

The Pag-IBIG Fund on Tuesday held year-end grand draws of its One-Plus-One Raffle Promo and Multi-Purpose Loan (MPL) Loan-to-Win Raffle Promo in Makati City.

It said that the One-Plus-One Raffle Promo helped expand its membership base, including overseas Filipino workers and those in the informal sector, while the MPL Loan-to-Win Raffle Promo rewarded members who availed of the agency's short-term cash loan facility for their financial needs.

The raffle initiatives, the agency said, are part of its continuing efforts to support the directive of President Ferdinand R. Marcos Jr. to ensure that more Fil...