Atty. Darlene Marie B. Berberabe

President and Chief Executive Officer
Home Development Mutual Fund (Pag-IBIG Fund), Philippines

Work Experience

President & CEO, Pag-IBIG Fund, November 2010 – present

Under her leadership, the Fund accomplished the following:

• Segmenting of portfolios into the regular housing program and affordable housing program that will allow improvement of the quality of the Fund’s loan portfolios by targeting members more appropriately and providing homelending programs that best suit their needs. Implemented the lowest housing loan interest rate of 4.5% interest rate for targeted beneficiary that is the minimum wage earner.
• Use of full risk-based pricing framework that covers the Fund’s costs, its risks and a reasonable spread while taking into consideration market prices to make pricing competitive. With this pricing tool, changes in pricing and its impact can be easily assessed, and prices can be adjusted to reflect market conditions.
• Unprecedented use of borrower evaluation system (BES) similar to a credit scoring system being used globally by banks and lending institutions to evaluate the potential default risk posed by lending to a borrower.
• The Fund became a signatory to the Integrity Pledge – an anti-corruption pact initiated by the Makati Business Club, the European Chamber of Commerce of the Philippines, and other business groups. As a signatory, Pag-IBIG Fund pledges to combat graft, uphold ethical standards, promote transparency, punish erring employees of all ranks, and deal only with reputable entities in procurement activities.
• Preparation of financial statements in accordance with International Financial Reporting Standards (IFRS), where practicable.
• Received an unqualified opinion for its Financial Statements for 2012. It is the best opinion an agency can get, effectively assuring the public that the subject government entity has generally complied with existing financial policies and guidelines according to the United States Agency for International Development (USAID).
• Obtained the highly-coveted ISO 9001:2008 certification in record-breaking time of three months and 19 days. Pag-IBIG Fund is the first among key shelter agencies to get the certification and the fastest among government financing institutions. The certification is recognition that the Fund’s membership registration process is at par with international standards. The Fund continuously maintains its certification after passing the Surveillance Audit last December 2012 and 2013.
• Launched the lowest interest rate of calamity loan at an annual 5.95% from 10.75% per annum. From November 2010 to September 2014, Pag-IBIG Fund disbursed a total of P27.98 Billion worth of calamity loans to 1,618,885 member-borrowers.
• In recognition of the Fund’s proven expertise in home financing, the Government Service Insurance System (GSIS) extended a P5 Billion credit facility to the Fund. Pag-IBIG Fund will now process all housing loans of GSIS members and employees.
• Increased maximum loanable amount to P6 Million from P3 Million to expand its market and serve more members.
• Financed 188,699 housing units worth P132.80 Billion from November 2010 to September 2014. In addition, P178.85 Billion worth of short-term loans was made available to 9.13 million member-borrowers for the same period.
• Outsourced the appraisal and collection services of the Fund to ensure better service and convenience for our members.
• Partnered with financial banks and institutions to offer a wide array of payment channels to the Pag-IBIG Fund members and member-employers. These include over-the-counter payments of individual monthly savings and housing loan amortizations at SM Business Centers and Bayad Center, and housing loan amortizations at branches of Land Bank of the Philippines and Metrobank; online payment for members of their monthly savings using their credit cards with the Visa or MasterCard Logo and capabilities; and mobile payment for members of their monthly savings and housing loan amortizations using Globe GCash. Member-employers can also access the following online payment gateways to remit their employees’ monthly savings and short-term loan amortizations: Pag-IBIG Hub of Union Bank of the Philippines, ExpressLink of Bank of the Philippine Islands, wePayAccess of Land Bank of the Philippines, Pag-IBIG RealTime of Security Bank, and Pag-IBIG Net at BancNet participating banks Asia United Bank, Chinatrust Bank, China Bank Corporation, Eastwest Bank, Maybank, Philippine National Bank. Overseas Filipino worker (OFW)-members can pay their monthly savings and short-term and/or housing loan amortizations through Philippine National Bank, Aisa United Bank, i-Remit, and Ventaja International.
• Implemented LGU and employees housing through participation in the Pabahay Caravan (housing fairs), criss-crossing all the country’s regions, bringing the message to 1,208 local chief executives to market its programs.
• Conduct housing fairs with selected big employers in private or government, and in other countries for OFW-members. The housing fair is a forum where Pag-IBIG Fund brings its accredited developers and their housing projects closer to the members. This is also a venue where the Fund offers its acquired assets to targeted groups of members. Still part of the housing fair is the home matching service, which allows Pag-IBIG Fund to assist its members scout for houses they can purchase based on their location and preferred price range.
• Opened doors to informal sector by leading tie-ups with FEJODAP and 1-UTAK, both organizations of jeepney drivers and operators, and SUMAPI, an organization of household service workers.
• The Fund increases its visibility and accessibility to members through its 73 branches, as well as its 18 extension offices and service desks. It also has desks inside 22 Robinsons Malls and in offices of the Philippine Overseas Employment Administration and the Overseas Workers Welfare Administration.
• Her novel and active approaches to bring in as many Filipino workers into the Fund as possible had led to the significant increase in membership in 2011. To date, Pag-IBIG Fund has 14.5 million members, compared to 8.8 million members at the start of 2011, showing an increase of 5.7 million new members in four years.
• All these are being achieved without increasing the members’ mandatory monthly contributions.

Chief Legal Officer of Procter & Gamble Philippines (multinational manufacturer of fast-moving consumer goods), 2004-2010

Labor Lawyer in Baker & McKenzie Manila (Quisumbing Torres Law Office), 2000-2004

UP College of Law Professorial Lecturer (taught Labor Law, Legal Method, and Legal Theory), 2002-2006

Labor Law Bar Examination Reviewer at Jurist Law Review Center, 2005-2008

Professor of Philosophy at the University of the Philippines Diliman, 1988-1999

Honors Received

One of the 100 Most Influential Filipina Women in the World (Global FWN100TM) under the Founders and Pioneers Award Category given by the Filipina Women’s Network (FWN), 2014. The Category honors Filipina women trailblazers who have marshaled resources and applied innovative practices, processes, and/or technologies in a new and groundbreaking way to leverage a significant business or organizational opportunity.

Face of Integrity accorded in Allure Section of The Philippine Star, 2014. She was given the title for being governed by the dictum that integrity cannot be compromised at all times.

Public Sector Leadership Award at the Asia CEO Awards, 2013. The Public Sector Leadership Award is a new addition to the list of annual awards and is open to outstanding leaders in the public sector, be they government agencies, departments, or individual leaders who demonstrated dedication in their field of service.

The Outstanding Women in the Nation’s Service (TOWNS) Award for Government Service, 2013. TOWNS Foundation Inc. is a national organization of dynamic and effective women who by their common shared activities help transform the lives of Filipinos. The TOWNS Awards are given every three years following a year-long nationwide search. It received 51 nominations in 2013, with 15 finalists making it to the interview proper with the judges.

Outstanding CEO of the Year in the Asia and the Pacific given by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), 2012. The Award was for her exceptional leadership in making Pag-IBIG Fund into an excellent organization that’s true to its mandate of delivering to its members and stakeholders a saving culture and access to finance for housing and other basic needs. It is given to a practicing CEO whose singular talent, leadership, vision, and achievement stands out among the other nominees for the award. It was opened to ADFIAP’s 131 member-institutions from 45 countries in Asia Pacific. Atty. Berberabe is the first female and the second Filipino to win the award.

Communication Excellence in Organization (CEO) Excel Awardee given by International Association of Business Communicators (IABC) Philippines, 2012. The Award is a prestigious honor conferred annually by IABC Philippines on top-level business executives and organization leaders for their exceptional and ethical use of communication strategies and tools in their management and leadership to achieve business, environment and social development goals. Among the 2012 awardees, Atty. Berberabe was cited to have the shortest stint as CEO to receive the award.

Nominee and voted 3rd Pipol of the Year, 2012. This was an honor given by ANC Channel for people who have inspired, touched, or created positive impact to the lives of Filipinos, 2012.

Class Salutatorian (ranked number 2 of the graduating class) of the UP College of Law, 1999

Member of the Dean’s List (obtained an average of 2.0 or above) at UP College of Law, 1994-1999

Member of the Order of the Purple Feather (Honor Society) at UP College of Law, 1994-1999

Finished MA Philosophy and was recipient of Full Academic Scholarship to writr her masteral thesis at UP Diliman, 1995

Recognized for Overall Academic Excellence by the International Honor Society of Phi Kappa Phi, 1989

Recognized for Academic Excellence in the Social Sciences by the International Honor Society of Pi Gamma Mu, 1989

Summa cum laude (with highest honors, only 4 summas in the whole UP System in 1989), BA Philosophy at UP Diliman, 1999 (finished college with highest honors in 3.5 years only)

Class Valedictorian (ranked number 1 of the graduating class) at the College of Social Sciences and Philosophy, 1989

Class Valedictorian in High School and Elementary at St. Bridget’s College in Batangas City, 1985 and 1981


Mother to a 17-year-old World Karate champion

Home baker who bakes cakes, breads, and cookies.