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The Philippine government recently announced an initiative that will help displaced overseas Filipino workers (OFWs) become entrepreneurs by providing them, through the Overseas Workers Welfare Administration (OWWA), a livelihood loan of P50,000.

The OWWA recently reported that fifty displaced OFWs from Western Visayas have availed of this program from the agency. The loans are intended to be start-up capital for small businesses to be set up by the displaced workers.

OFWs who have availed of the livelihood loans were required to attend the seminars and trainings conducted by the Department of Trade and Industry, to ensure they will have the right skills and mindset when they go into business. Some of the trainings include meat processing, preparation of no-bake pastries, and the manufacture of instant juice drinks.



Vivian Tornea, director of the OWWA’s policy and Program Development Office said that displaced OFWs were still seeking employment elsewhere abroad at first. But as they encountered difficulty in finding new jobs, they decided to avail of the livelihood assistance from the agency. Many of those who have availed of the program plan to put up their own businesses, such as variety stores or small piggeries.

The loan, according to James Mendiola, OWWA officer-in-charge, is payable in two years with an interest of five percent per annum, but with grace period of three months. OFWs who availed of the assistance funds will pay P2,193.75 per month.

There are a total of 129 OFWs from Western Visayas who have reported the loss of their jobs to OWWA regional office as of April 3. They are mostly from construction and worked as board installers, machine operators, welders, factory workers and engineer.

The most number of the displaced workers from Western Visayas were from United Arab Emirates, which 44, while 29 were from Taiwan and 13 were from Qatar. They are further broken down into the following provinces: 71 were from Iloilo, 40 from Negros Occidental, 8 from Capiz, Guimaras,5, Antique 4 and 1 from Aklan.





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This entry was posted on Wednesday, April 8th, 2009 at 8:23 am and is filed under Announcements, Articles, Filipino Entrepreneur, Finance, Government, Motivation, Philippine Business News, Philippines, Self Employment, Start Ups. 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.



6 Responses to “OWWA grants financial assitance to 50 displaced OFWs”

  1. CRISILDA CAGULADA on September 7th, 2009 at 2:08 am

    GOOD DAY PO BKIT PO YNG IBA NA RELEASE NA YNG SA KNILANG LOAN COMPARE NMAN PO SA IBA BKIT WLA PA UNFAIR PO DBA!

  2. CRISILDA CAGULADA on September 7th, 2009 at 2:11 am

    KC PO KNG YNG CNSABI NA WLANG PONDO EH DBA PO NKA BUDGET NA TLAGA YNG PARA SA MGA OFW NA PINAUWI KC PO YNG IBA KC PO MEDRON NA KYA UNFAIR PO TLAGA SANA PO MASAGUTAN NYO YNG MGA KATANUNGAN NMIN

  3. aldrin on October 15th, 2009 at 2:40 am

    totoo po ba nag bibigay ngayon ang owwa ng 10,000.00 pesos sa mga ofw na bumalik ngayong taon para sa calamity support

  4. jovil on March 5th, 2010 at 3:42 pm

    pano ako makaka avail sa sinasabing grant OWWA financial assistance?i’m OFW.

  5. jovil on March 5th, 2010 at 3:45 pm

    sapalagay ko,before pagtuunan ng pansin ng OWWA HOW TO HELP OTHER ,bakit hindi muna nila isipin problem ng mga OFWS…

  6. arfie on June 21st, 2010 at 2:24 pm

    bakit po till now wala kami makuha info sa hot line nr nyo till now wala reply kayo tumutulong po ba talaga kayo sa mga displaced/maltreated OFW bka po wala na kapatid namin bago kayo mkaresponse tao rin po sya na nka pag ambag ng pondo para ating bansa bilang DH WHILE SHE IS IN HONGKONG ON PREVIOUS DAYS , SANA MATULUNGAN NYO SYA, SHE IS NOW IN QATAR DEPORTATION AREA , HIS NAME IS LORNA ESLEIGE

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