Numerous OFWs and their families are quick to find out about this Reintegration Program set by the Overseas Workers Welfare service (OWWA) for abroad Filipino specialists (OFWs). This OFW Reintegration Program (OFW-RP) is for returning OFWs and their families, giving them help for elective methods for work and employment undertaking. OFWs can profit by this by their ofw loan philippines program, for those looking for budgetary help and enterprise preparing, and for the individuals who plan on beginning their own companies.
OWWA declared that recipients for this program are those OFWs who paid $25 to the office after handling their work contracts with the POEA, including the individuals who enrolled and paid their OWWA participation commitments to the Philippine Overseas Labor Office. These OFWs are the individuals who probably finished their business contract abroad or the individuals who can’t any longer work outside the nation.
The primary target of this reintegration program is to give some assistance to OFWs so as to accomplish a steady and economical life in the Philippines so they may not work in different nations any longer. Likewise, this program plans to persuade and help their families to search for different methods for employment that they won’t be absolutely reliant on OFW settlements.
OWWA has joined forces itself with some service offices to help encourage this task, similar to: National Livelihood Development Corporation (NLDC) who will encourage in the loan program for OFWs to begin them off with their venturesome plans; the Department of Trade and Industry (DTI) who will give enterprise loanment preparing which will concentrate on advising, business arranging, and innovative direction; and the Department of Labor and Employment (DOLE) who will make a Micro Business Incubation Center for burdened OFWs who are anxious to start life once more.
The loan program is proposed to energize OFWs and their families to take part in any job venture and miniaturized scale business. This loan must be benefited for these reasons: as a working capital, acquisition of supplies for the arranged business as well as extension, redesign, and development of the structure for the business.
OFWs can take up a loan from P300,000 to P2 million, payable for a long time with a loan cost of 7.5% per annum. OWWA has set an elegance time of two years for OFW borrowers to concede its installments so as to concentrate on building up their companies as opposed to feeling forced on paying for their loans.
For Entrepreneurial Training, a wide scope of occupation and business programs are offered for OFWs, for example, hoard cultivating, palay exchanging, LPG exchanging, opening dental research center, web bistro, rec center or music school, giving spa/knead treatment services, and building dwelling/rentable spaces.
To find out about the Reintegration Program you can contact or visit OWWA’s local workplaces so they can help you simultaneously.