Moodle 2 is a resource hog and will perform really bad in shared hosting because of the much needed RAM or memory. Here is a good read - https://www.iteachwithmoodle.com/2012/10/12/moodle-performance-testing-how-much-more-horsepower-do-each-new-versions-of-moodle-require/
Recommendations:
1. Install Moodle 1.9, or
2. Upgrade/Avail VPS (Virtual Private Server - https://www.web.com.ph/vps.html) or Dedicated Server (https://www.web.com.ph/servers.html)
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