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Jan 28 2009

OWWA’s Livelihood Assistance Package for Displaced OFWs

Posted by Leo in News-Articles 4,770 Views

The OWWA came out with the Filipino Expatriate Livelihood Support Fund (FELSF) as safety net for their displacement due to the global financial crisis. After OFWs have availed of assistance from the National Reintegration Center for OFWs (NRCO) for the initial assistance package, any interested OFW may avail of the FELSF, which offers a Non-collateral Loan Window where the displaced OFWs can loan up to fifty thousand pesos (Php50,000.00) with a very low interest of five percent (5%) per annum, payable in 24 months. Government banks can also extend loans through their collateral windows if worker decides to expand his business enterprise.

For program details, workers may contact the NRCO at telephone numbers 528-0848 and the DOLE at 527-8000 or at any of the regional welfare offices (RWO) of the OWWA (www.owwa.gov.ph).

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13 Responses
  1. jeff says:
    January 26, 2010 at 6:57 am

    pumunta ako sa OWWA regarding sa business loan, ang sabi nila wala raw silang loan para sa ma OFW, WTF pero lagi nilang inaanunsyo sa lahat na isa itong benefits ng mga OFW pero wala naman pala.. sana sa mga taga OWWA wag nyong gawing gatasan ang mga OFW magaling lang kayo sa pag hingi ng OWWA fee pero pag kayo ang hihingan ng tulong ng mga sinasabing nyong bagong bayani wala kayong maibigay… PANAY KAYO PRESS RELEASE..

    Reply
  2. Jose Jesus V. Buenagua says:
    November 20, 2009 at 4:22 pm

    hello to everyone, i returned from KSA Dammam since August 15 of 2009 and i dont have job. I want to avail the loan program of 50,000 because i want to start a business (like a canteen) a place is being offered to me but unfortunately i dont have money. Can somebody help me please? whom to contact with in the POEA? please email me at waterholebench04@yahoo.com or text me at 0926-7583210

    thank you

    Jose

    Reply
  3. Heidi says:
    November 19, 2009 at 12:30 pm

    Actually my husband Mr.Delfin L. Dizon Jr.,is working abroad for about eight (8)years now but still we could not start a business because of Collateral Loans. hoping that you could start a program a non collateral loans even if he is not displaced OFW. please inform me if we could avail the non collateral loan as soon as possible. Thanks and God Bless.

    Reply
    • Mar Miranda says:
      November 20, 2009 at 10:37 pm

      While your husband is still working abroad, you can start a small business which can grow bigger later. You can start it for just below 10k capital, you dont have to wait for a loan. You can contact me at (02)8391810 ar 09173463792 if you’re interested.

      Reply
  4. ramon orquejo says:
    August 1, 2009 at 9:48 am

    Need financial assistance fro my one month old business please email me at orquejod@yahoo.com or you may contact met at +63 917 3050 566

    Reply
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    HAVE A GLASS OF SUCCESS!!!

    Reply
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    February 7, 2009 at 11:39 am

    hello!im interested to franchise,you can email me for details

    Reply
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