P200,000 Loan from OWWA for OFW Reintegration Program
December 8, 2007 by Leo 17,814 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 ·
Gud day po ask ko lng po kung pwde akong mgloan sa owwa kauuwi ko lng po noong
august 5 2009 at hindi na po ako babalik ng aming kompanya sa Saudi. gusto ko pong magbalik business pwede po ba ang walang collateral?
Hello po, gud day po ask q lng po kung pwede n akong umutang sa owwa. 10 yrs na po akong ofw kailangan ko po kasing mg back to business dahil hindi na po ako babalik ng Saudi. Thanks
ask ko lang po pag exit 10 yrs na din as an ofw, ano po bang iba pang requirements para makapagloan..balak ko sa agribusiness ok kaya kumuha ng franchise..thx
hi mam./sir.
pwd poh bang mgloan si mama ko n nasa canada?
we need money po kasi for our education and home..
sana matulungan nyo po kami..
ds is john from tarlac city
a worried son for his family…
thank you poh…
godblesss…
sir/madam:
gud day!ask q lng po sna kung pde po mg loan husband q,nsa new zealand po cia.kung pde daw po cia mgloan pra s education ng mga anak nmin.2 po kc ang college nmin at 1 high school.tnx po, dpo kc cia mrunong mg computer kya aq nlng pinag coment nia s owwa.
good day po!ask ko lng po kung makakapg loan ako para sa pabahay,nasira po kasi ng bagyo ondoy ang bahay ko sa pasig ako po kasalukuyang nagtatrabaho dito sa south korea,salamat po
Gud day..po…tanong ko lng po kung pwede ako mag loan sa OWWA sa para sa calamity loan dito po ako sa Bataan nakatira at active member po ako ng OWWA
hi po gud morning my ini issue po b kyong i.d pra po sa mga tulad nming ofw.?
Gudday,
hi ask ko lang po if pede ako mag avail ng Calamity Loan sa OWWA, am from Muntinlupa nasira po kc yung tahanan ko nung nakaraang bagyo, and working here now in Riyadh City Saudi,
thanks
gud day! tanong ko lng po kung pwede akong mag cash loan? ggmitin ko po para s pag expand ng computer shop ko at placement fee ng wife ko..ofw po ako since 1996 up to the present..
hi!
i would like to know if i can avail a calamity loan?iam from muntinlupa city.
im ofw i’ve working for 6yrs. in kuwait from 2002-2007 ang tanung ko po pwede ko ba po gamitin to sa pagsosyo ko sa tita ko school? at anu po ang dapat ng requirments na pwede ko iproduce?Aasahan ko po ang inyong sagot tnx! God bless you…
@agnes, i think lahat ng current and ex-OFW ay entitled sa loan. tawag ka na lang sa kanilang hotline para sa karagdagang impormasyon.
gandang araw po!
tanong ko lang po kung pwede akong mag avail ng cash loan sa owwa.dati po akong ofw sa saudi pero nung nakaraang taon isa po ako sa natagal sa trabaho dahil sa saudization. ngayon po paalis ako ng kuwait kailamngan ko po ng pera sa placement fee ko gagamitin ko po sa placement fee. salamat po
@Garim, contact owwa immediately, mas mabilis ang proseso ng loan pag gagamitin mo sa placement fee.
I am ofw here in uae and i am planning to go for a vacation in manila in order to set up a business and the i will be back to uae again. what will be the requirements and important documents needed from here in uae for me to bring inorder to apply for the loan.or could i apply for a loan from here in uaea owwa office. would that be possible as well and how long will be the processing.
thanks
Good day po!wife po ako ng isang OFW na up to the present nasa Oman po.Member din po sya ng OWWA.Ask ko lang po kung pd b kmi mg loan sa OWWA kc may pinatayo kming shop ng computer at tapos na.Bale ang aming naipon ay tama lang sa pagpagawa ng building.Pd po b kmi umutang sa OWWA para sa pagbili ng mga PC na ilalalgay nmin as our starting business?PD po b walang collateral?Ano ang mga klangan nmin.Thanks po
@marie venancio, pwede, pinaka mainam siguro na tumawag kayo sa OWWA directly para sa kanila mismo manggaling ang advice at sagot sa iba nyo pang mga katanungan.
Hi
I would like to know if I could loan if I am planning to buy a residential lot.
Thanks.
@sharielzoe, i’m not sure if the loan is available for real estate acquisition. call owwa directly though for immediate advice.
good day po.
tanong ko lang.pwede po ba mag-aplay sa owwa zambaonga city tungkol po sa loan.balak ko kumuha nagloan pag-uwi ko.xcit na po ko by next year.magpapatayo po ko ng cash advance loan sa mga worker.nasubukun kuna malakas un kita dapat malaki laki un puhunan mo.kulang un puhunan ko kaya naisipan ko kumuha sa owwa loan.
@ping, pwede po. makipag-ugnayan kayo mismo sa owwa zamboanga para sa inyong mga katanungan.