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Turning job seekers into entrepreneurs

Posted on March 11th, 2009

In these times where talks of the effects of the global recession just wouldn’t subside, especially with the hundreds of OFW’s who were displaced because of their employers being severely affected by it, the country is once again faced with the rising unemployment problem.

To add up to the displaced OFWs are the local workers who were also displaced as multinational companies have closed shops. Adding still to the growing number of the unemployed population are the graduating college students this March.

While the government is really doing its best to cope up with the problem by initiating programs and inviting more investors to the Philippines that would generate employment, the unemployed are still much larger in number than the jobs they could generate.

The best and obvious solution to this mounting problem is to turn these job hunters into entrepreneurs, that is why aside from job-generating programs, the government has also strengthened its efforts to provide livelihood trainings to the displaced workers.

The Technology Resource Center (TRC), the official livelihood training arm of the government, have produced a great number of alumni who are now established entrepreneurs. They look forward to an even busier year ahead as they are coordinating with the Overseas Worker’s Welfare Administration (OWWA) in providing livelihood assistance for the displaces OFWs.

With the programs, qualified OFWs can attend the free two-to-three-day livelihood training seminar at TRC and are entitled to receive P10,000 worth of livelihood package. Aside from that, OWWA members can also avail of up to P50,000 loan without collateral, payable in two years at a 5 percent interest per year which they can use as working for their business.

Some of the business that they can enter into which are qualified for the program are food business, junk shops, hardware store, swine production, laundry shop, and perfume and cologne manufacturing.

Turning job seekers into an entrepreneur is in fact a two-prong solution for the problem. One, this would lessen the number of unemployed as they become businessmen, and once their business has become established, they would hire additional employees to cope up with the growing enterprise.

For more information on this program as well as with the other training programs available at the center, you can go directly to TRC at TRC Bldg., 103 J. Abad Santos cor. Lopez Jaena Sts., Little Baguio, San Juan, with telephone numbers 7276205 local 208 and 209.

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This entry was posted on Wednesday, March 11th, 2009 at 6:14 am and is filed under Announcements, Articles, Entrepreneur Philippines, Filipino Entrepreneur, Finance, Government, Money, OFW, Philippine Business News, Philippine Business Opportunity, Self Employment, Small Business, Sole Proprietorships. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Turning job seekers into entrepreneurs”

  1. chyzmozah on March 24th, 2009 at 2:09 am

    We are the official micro franchise of DOLE-NRCO endorsed by Senate President Manny Villar as livelihood program, micro business for OFW’s, retirees and employees. If you know someone (ofw,retirees,employees etc.) you like to help earn and avail the franchise (food cart) / dealership with pangkabuhayan package at d same time earn as much as PHP5,000 to PHP50,000 commission plus rebates of 1% to 3%. Kindly email me chyzmozah_11@yahoo.com or text me 09228252967 for more info

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