Watch This: Up to 2 Million OFW Loan Offered by OWWA and DTI

Good news for Overseas Filipino Workers (OFW) especially those who were repatriated from the Middle East as the Overseas Workers Welfare Administration (OWWA) has forged a partnership with the Department of Trade and Industry (DTI) for entrepreneurship programs for OFWs.

Rebecca J. Calzado (OWWA Administrator) and DTI Undersecretary Zenaida C. Maglaya signed the Memorandum of Understanding (MOU) last September 6, 2016 to implement joint projects for OFWs and their families who want to pursue entrepreneurial undertakings.

Under this Memorandum of Understanding , OWWA and DTI will jointly conduct developmental training under OWWA’s Enhanced Entrepreneurial Development Training (EEDT) and other related activities.

According to OWWA, “EEDT is the business development intervention of OWWA for OFWs who intend to venture into micro,small and medium enterprises. It includes business planning and project-specific skills orientation to equip OFWs with the necessary knowledge and skills in pursuing their intended business.”

OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events such as conferences, exhibitions, symposia, caravans, and other promotional activities initiated by DTI and the private sector through the assistance of DTI.

Under OFW-Enterprise Development and Loan Program (OFW-EDLP) those OFW who complete the EEDT may avail the loan amounting to P100,000 up to P2 million pesos.

This is in partnership with the LandBank of the Philippines (LBP) and Development Bank of the Philippines (DBP).

OFWs who are interested to avail this program, just visit the nearest OWWA office near you for more information.

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