P200,000 Loan from OWWA for OFW Reintegration Program
December 8, 2007 by Leo 17,455 Views
Family Welfare and Assistance Program – Reintegration Program
The Reintegration covers two (2) major components – economic and psycho-social components. The psycho-social components includes community organizing program or organizing of OFW family circles and services like social counseling, family counseling, stress debriefing, and training on capacity building, value formation, etc. The economic component on the other hand, includes social preparation programs for livelihood projects or community-based income generating projects, skills training and credit facilitation and lending. At present, the economic component has two (2) loan programs: the OWWA-NLSF Livelihood Development Programs for OFWs (LDPO) and the OFW Groceria Project.
The OWWA-NLSF LDPO Project
This program is a joint undertaking of OWWA and National Livelihood Support Fund (NLSF). to address the economic component of the OFW Reintegration Program. It is meant to further improve access to entrepreneurial development opportunities and credit facilities to OFWs, their families, and organizations. Possible enterprises include: (a) trading (general merchandise and buy and sell, etc.), (b) services (repair shops, restaurants, parlors, etc.), (c) manufacturing (meat/fruit processing, shoes, etc.) and (d) agri-business (tilapia culure, piggery, poultry, etc.).
The OWWA-NLSF Livelihood Development Program currently has the Collateral Loan Window for individual and group borrowers
Acceptable Purposes of Loan
- Working capital – for purchase of merchandise goods and/or raw materials
- Business assets acquisition (except lot) – for purchase of machines/equipment
- Business site construction or improvement
Eligible Borrowers
- Member-OFWs and former member-OFWs
- Their immediate family members (one family member per one OFW)
- For married OFWs: spouses or children of legal age
- For single OFWs: parents or siblings of legal age
- OWWA LDPO beneficiaries with good repayment records
- Legally organized groups of OFWs (partnerships / corporations, OFW organizations / associations / cooperatives & Federations)
Individual Borrower
- Loan Ceiling : P200,000.00 (maximum per qualified borrower)
- Interest Rate : 9 % p.a.
- Debt:Equity Ratio : 85:15 ratio
- Collateral Coverage : 100 %
Loan Requirements
- Proof of OWWA Contribution (passport with POEA-LAC stamp, information sheet from OWWA, POEA-attested Employment Certificate, or E-card)
- Business Plan / Project Feasibility Study
- Financial Statement in case of existing business
- Business permit / license (pre-release condition)
- Collateral papers (REM or chattel mortgage)
Additional Requirements if availee is an immediate family member:
- Marriage Contract and consent (for married borrowers)
- Birth Certificate and authorization (for single OFWs)
Loan Application
Loan applications may be filed at all OWWA Regional Welfare Offices together with the following standard requirements:
- Accomplished application form (with 2×2 picture)
- Sketch and routes of residence and/or business site
- Other requirements if applicable:
- Price quotation
- Bill of materials or building plan
Group loans is also available, visit this link
For more information, contact:
Overseas Workers Welfare Administration
7th St. cor. F.B. Harrison
Pasay City, Philippines
Tel.(+632) 891-7601 to 24
Email: opcenter@owwa.gov.ph, owwa_opcenter@yahoo.com
Web: www.owwa.gov.ph
2009 · All Rights Reversed ·
Puede ba an OFW Cooperatives maka avail ng Loan? What is min/max loan amount and the requiremnets? Dapat ang mga OFW’s ay mag-kaisa sa pagsali ng OFW Cooperatives to have a stronger socio-economic business partnership at para ma suportahan ang OWWA OFW re-integration program. Salamat
good day Po,gusto ko sanang mag karoon ng business dati po akong OFW since 1991 to 1998 sa kasalukuyan tumigil na po akong mag abroad ang asawa ko po ay isang seaman gusto ko po sana siyang tulungan sa pamamagitan ng isang maliit na negosyo.sana po matulungan niyo ako kasi marami po kaming tinutulungan na mag asawa kaya hindi kami nakaka ipon.kong saan po ba pweding lumapit?
gud day po sa inyo, ask po ni nanay nasa bharain kung panu po mkakaavail sa ofw reintegration program para po mkapagsimula kami ng negosyo dito sa pilipinas, mtagal npo kc cya dun subalit hindi po mkaipon dahil may pinaparal n mga apo, panu po ba yun program ninyo na yun.
please po pki send sa aking email add. maramaing salamat po at God bless!
Good day. Iam OFW working here in KSA. Iam Planing to put up business and i would like to avail this reintegration program for OFW. kindly advise me full details, how, when and where. thanks
Gud day po ask ko lang kung pd pong akong magloan nasa abroad po ang asawa ko at nid ko din po sana ng pangsuporta para po makapagtayo ng business dito sa PI please email mo further infos sa sta rosa city, laguna po location ko saan po ako pwedeng magpply dito salamat po contact number 09078424203
hello, inquire q lng bakit ang tagal ng release ng loan s calabarzon ng mga displaced worker..ung mga kasabayan me s pampanga release n loan nila.. my pondo b talaga s laguna o iniipit lng nila ang pondo? paki follow up naman po…tnx..
good day,gusto ko lang po malaman kung pwede ako mag loan para mkapagsimula ng negosyo.bale umuwi na po ako galing dubai wala po ako ipon para makapagsimula ng negosyo at wala din po ako inaasahan trabaho dito.may asawa po ako pero hindi kasal may 2 ako anak na kelangang suportahan sa pagaaral.bale nasa saudi po ang ama ng mga anak ko kaso maliit din po ang sahod at di sapat sa aming mga pangangailangan.ano po ang mga requirements na kelangan ko maipakita para maaprubahan ng loan?
gud day!ask ko lang if pwede ako mgloan para pambayad sa nautang kong pang placement fee dito sa taiwan.i’m here now working as factory worker with3years contract.gusto ko sana magloan para mabayaran ung nautang kong pang placement fee laki kc ng inabot ng interest.hope for your response!tnx!