82 thoughts on “Loan Assistance to OFWs

  1. Sir

    I just want to ask kung what agency po ang pwede kung lapitan to help me with my placement fee Im going To UK i already have the job acceptance from the company but hinihingian na po kasi ako from my processing of visa.. so meaning wala pa po kasi ako document to show like “contract” . Sabi ng agency I need to give them atleast 1/4 of the whole placement so ung 1/4 po is amounting Php 65,000.00 pesos then para ma process ang entry visa, after daw po nun another 1/4 ulit (65,000.00) para sa iba pang document,poea document etc. then pagdating daw po ng “working visa” ko dun na po ung last payment of 130,000.00.. (pero pwede ko na raw eloan sa bank ung 130,000.00 kasi daw po may working visa na ko to show them as proof.. So sir may masusuggest po ba kayo lending institution na makakapag pahiram po ng 130,000.00 sa akin maski wala pa po ang working visa ko.. pls help po thanks sir

    Jovs

  2. Sir ask k lng mag loloan sana kmi sa owwa para sa business magtatayo pero bkit need nmin ng colaterral atleast 3yrs n nagbabayad ng ITR ehhh kaya nga magloloan pr mag put ng business diba sir yun yung hinihinging recquirement baka may masusugest kyu n dapt gwin..

    • Rico,

      Iyan din ang maraming tanong ng ating mga kahanay na bakit masyadong mahaba at maselan ang mga requirements ng OWWA. Pero wala po tayong magagawa dahil iyan po ang inaprobahan ng mga Board of Trustees ng OWWA. Kaya palagi kong sinasabi dito sa blog, dapat isang totoong OFW ang nasa OWWA Board para at least naman ito ay may pusong OFW at kaya po ninyang ipagtangol ang kapakanan ng isang ordinaryong OFW.

      Check below requirements about Government’s OFW-Reintegration Program:

      The program provides returning OFWs with the following: (1) counseling on saving and financial management to help them manage and sustain their overseas earnings; (2) skills training, retooling, and upgrading to promote their employability and competitiveness; (3) employment facilitation services to help them in their job search, locally or overseas; and (4) livelihood and enterprise development assistance for OFWs who want to set-up businesses.

      OFWs who are members of OWWA who want to avail of business loans under the OFW-RP are required to complete entrepreneurial development training (EDT), conducted every Thursday at the NRCO, OWWA Bldg., Intramuros, Manila.

      Tornea said the training orients participants on various business opportunities, and on the basics of starting a business and preparing a business plan. It also assesses the participants’ capability to manage any business enterprise to help them find out and address their weaknesses before implementing their business plan.

      She added that interested OFWs are required to submit business plans to the LBP and DBP, which will evaluate the viability of the business enterprise they want to set up.

      The other requirements OFWs should submit to partner banks in applying for the reintegration loan assistance are the following: An OWWA certification that the borrower is a bona fide OWWA member, has completed EDT, and has good credit history; and biodata.

      For a start-up business, other requirements are: a certificate of registration from the DTI, and a Mayor’s permit. For existing business enterprise, other requirements are: certificate of registration from DTI, Mayor’s permit, Income Tax Return (last three years), financial statements (filed with BIR in the last three years), latest interim financial statement, and statement of assets and liabilities.

      Interested eligible borrowers may proceed to the nearest OWWA-Regional Office and LBP branch, or contact the NRCO at Tel. No. 526-2633 / 526-2392.

      Bong

      • gudpm ako po ay wife ng isang ofw -seaman po xa,kung skali po ng gusto nming mgloan mgasawa n pang start ng isng maliit n business maari bng ako ang mag file ang loan at umatend ng isng business training on his behalf?

        thanks po ng marami.,..

        michelle

        • Puwede po kayong mag apply ng OWWA loan on behalf of your husband at kung livelihood program ng OWWA kayo mag apply dapat po kayong mag seminar for this purpose. Meron din pong OWWA OFW Business Loan under Govt. Reintegration program. Please visit OWWA office in your area or LDB, DBP and inquire for more complete info.

  3. Dear Sir,

    D po b pede mgloan s owwa n wala s purpose of loan nila..Pambayd din po kc ng mga utang nmin since umalis un husband papuntang Singapore..

    Thanks,

    Jovi

  4. Magandang araw sa inyo,

    Maari po akong magloan ng pera, tas meron po akong title ng lot na nkapangalan na po sakin, gagawin ko pong colateral para mkapagloan, sabi ng kaibigan ko loan sa pangkabuhayan lang po kayo. Gusto ko sana malaman kung mkakapgloan ako ng pera gagawin ko na colateral ang title para pampagawa ng bahay po. OFW po ako sa saudi, anu po ba ibang requirements na kailnagn kong dalhin pag uwi ko ng pilipinas para sa OWWA loan ko.

    Maraming Salamat po

    • Julius,

      Makapag-loan po kayo sa OWWA at sa mga banko na may loan facility ang isang OFW. Dalhin mo lang ang lahat ng dokumento such as: contract, copy of passport at iba pang makapagpatunay like re-entry visa na ikaw ay isang OFW at babalik sa KSA. Dalhin mo na rin ang Certificate of Employment mo na may nakasaad kung ano ang iyong trabaho at sweldo.

      Bong

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