1,356 OFWs and Dependents eyeing OWWA’s business loan took EDT from February to April at RWO-NCR

Successive conduct of the Entrepreneurial Development Training (EDT) sessions in the NCR from February 25 to April 25, 2012 drew 1,365 participants, a figure almost half of the 2,855 that underwent orientation for the OFW Reintegration Program (ORP) of the same period. The conduct of both the EDT and ORP orientation were divided into 17 and 78 batches, respectively.

Business Plan workshop is one of the core activities during EDT. Approval or denial of loan proposals is based largely on the data presented in the submitted plan aside from the credit-worthiness of the applicant. Credit/background investigation of the applicant is done by Land Bank of the Philippines upon the endorsement of NCR’s welfare officers.

The OFW Reintegration Program, commonly known as OFW business loan, grants from P300,000 to P2M based on the amount proposed in the applicant’s business plan after successfully complying with all the documentary requirements imposed by the OWWA and Land Bank of the Philippines (LBP). Within the same period, 77 applicants were given the certificate of eligibility after complying with OWWA’s preliminary requirements and were endorsed to the LBP for further processing that includes background/credit investigation.

RWO-NCR’s conduct of the one-day EDT seminar is divided into five parts: accomplishment of forms to be submitted to OWWA and Land Bank, Basic Entrepreneurship, which discusses the rudiments of going into business including personal evaluation and assessment of one’s competencies and skills and the procedures in joining the formal business sector; Business Plan workshop; Q&A portion on ORP, and distribution of EDT certificates.

Occasionally, private business groups engaged in franchising with products to promote are given slots to introduce their business. The purpose is not necessarily to lure them to the promoter’s business brand but more of motivating them further on the liberating experience of entrepreneurship than in working abroad. Also injected in the program are basic computer courses offered for free by OWWA’s Microsoft Tulay’s such as “Learn and Earn through Information Technology” and Digital Media Arts for participants who would also want to enroll.

Comprising the EDT regular facilitators are NCR’s Welfare Officers in the Reintegration Unit and Administrative and Finance Chief Zenaida Ramos and Administrative Officer V Martel Desayon for the Business Plan. Beginning March, Ms. Minda Narciso, Project Officer of the Land Bank of the Philippines took the task of answering common questions and issues about the program. Director Emma Sinclair and Programs Services Chief Ma. Teresa Capa personally hand the EDT certificates to the participants. /strong>

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  1. #1 by alvin c. eno on August 15, 2012 - 2:25 pm

    good day puwede po ba ako mag loan dati po akong galing sa abroad dati 6 years po ngayon po sept papunta po akong canada para mag trabaho,kailangan ko po mag loan pang debut ng kapatid ko at pang negosyo salamat po

    • #2 by OWWA RWO National Capital Region on August 29, 2012 - 8:40 am

      Para sa business loan na nasa ilalim ng OFW Reintegration Program, makipag-ugnayan po kayo sa OWWA regional office kung saan kayo nakatira para sa proseso ng programa. Kung kayo ay nasa NCR, umatend po muna ng orientation na isinasagawa araw-araw, 10:00AM at 2:30PM sa OWWA Center, FB Harrison Pasay City. Doon niyo na malalaman ang details ng programa at mga susunod na hakbang.

      Salamat po.

  2. #3 by evan mariano on September 6, 2012 - 9:18 pm

    hi po would like to apply po sana for the reintegration program for ofw.. my husband is a seaman and i wanted to help him in preparing the future of our family by earning extra here and this program is goin to be of great help to ofws wife who wish to grow old with their loved ones who are working abroad..

    • #4 by OWWA RWO National Capital Region on September 7, 2012 - 8:56 am

      If you live within National Capital Region, please attend the daily orientation regarding business loan program at 7th floor, OWWA Center, FB Harrison, Pasay City, 10am or at 2:30pm.

  3. #5 by Marilou Noche on September 20, 2012 - 5:37 pm

    I just want to ask how i can avail the.loan for Ofw i want to build a business to Philippines. Please help me. thanks in advance.

    • #6 by OWWA RWO National Capital Region on September 21, 2012 - 9:00 am

      If you are based in the National Capital REgion, you can attend the orientation on the 2B Peso Reintegration Fund or business loan held daily at RWO-NCR office, 10AM and 2:30PM where all the details of the program are discussed such as qualification/eligibility of borrower, documentary requirements, etc.

      But if you are out of the country at the moment, you may ask your legal spouse (if you’re married) or parents (if you’re single) to attend the said orientation on your behalf. RWO NCR is at 2nd Floor, OWWA Center, FB Harrison, Pasay City.

      Thank you for writing.

  4. #7 by Carl on September 23, 2012 - 12:57 pm

    I am currently working in Oman and been an OFW for about 9 years. I wish to open a business here abroad and avail the OWWA Business Loan. Please let me know how and what to do. Thanks po :))

    • #8 by OWWA RWO National Capital Region on September 24, 2012 - 10:07 am

      If your family is based in Metro Manila, please tell your parents (if single) or wife (if married) to attend the orientation at 7F, OWWA Center, FB Harrison, Pasay City held daily, M-F, 10AM and 2:30PM for the details (qualification, eligibility, requirements).

      Thank you.

      • #9 by ronald allan d. matias on September 25, 2012 - 2:03 pm

        Need po ba collateral

  5. #10 by Madelyn Piezas on November 24, 2012 - 4:49 pm

    Hi good day! Im a daughter of an ofw.My father work abroad as a seaman before and now he is in the Philippines as stand by of almost 3 years.He is only 58 y.o..He lives in Tubigon,Bohol region 7.He would like to join the seminar.How much does it cost?

  6. #12 by Ana de venecia on December 15, 2012 - 11:29 am

    hi dati rin po ako ofw seaferer pero stop na ko almost 7yrs na gusto ko rin magloan for business saan po ako pwede magseminar residence po ako ng talrlac city

  7. #14 by Rene lanoy on July 21, 2013 - 4:56 am

    Ofw po ako now nsa abu dhabi gsto ko pong mg business nlang po sa pinas ,, tanung ko lang po ilang buwan po ba makuha ang loan amount ko matapos ma submit ko qng lahat ng mga requirements ko sa owwa plss reply to my ym address

    • #15 by OWWA RWO National Capital Region on July 21, 2013 - 7:40 pm

      Depende po yan sa evaluation ng Land Bank of the Philippines. Ang OWWA po at taga-endorso lamang ng inyong mga kumpletong dokumento. Papuntahin niyo na lang sa OWWA Regional Office ang inyong asawa o magulang kung kayo ay interesado sa loan program.

      Salamat po.

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