|Participants listen on how they can access the 2B Reintegration Program of OWWA, 8 July 2011, DOLE RO IV-A WODP Center, Calamba City, Laguna.|
The Department of Labor and Employment (DOLE), through the Overseas Workers Welfare Administration (OWWA), launched the P2 billion overseas Filipino workers (OFW) Reintegration Program in line with President Benigno Aquino III’s agenda of providing sustainable business to OFWs and their families.
The program is being implemented in cooperation with
the Land Bank of the Philippines and an aide to upcoming or existing business to OFWs and their families.
According to RWO IV-A OIC Ms. Cynthia Lamban, eligible borrowers are OFWs with
|Regional Welfare Office IV-A OIC Cynthia Lamban shares that OFW may apply for a minimun loan amount of 300,000 to 2M|
existing employment contracts and in the absence of the OFW, the legal dependents may apply on their behalf.
A minimum amount of P300, 000 up to the maximum amount of P2M can be borrowed to be used as working capital for construction, renovation, expansion, repairs of buildings for business use and for acquisition of equipment. Former OFWs with verified proofs of deployment are also eligible. All prospective borrowers are required to attend a one day Entrepreneurial Development Training (EDT) to prepare them for eventual management of their business ventures.
As of July 26, 2011 there are 570 OFWs who have attended the orientation 168 of which have undergone the EDT and are due for endorsement to the Land Bank of the Philippines.
Orientation for the Reintegration Loan program is being held from Mondays to Fridays 10am and 3pm at the Regional Office located at Hectan Commercial Center, Chipeco Ave., Halang, Calamba City.
By: Sol Ebron
Labor Communications Officer, RWO IVA