The Overseas Workers Welfare Administration (OWWA) will now offer monetary assistance to returning overseas Filipino workers (OFWs) who wish to set up business.
OWWA will start offering an “enhanced” livelihood program that consists P20,000 (Dh1,450) cash assistance and entrepreneurship development training.
The “Balik Pinas! Balik Hanapbuhay (BPBH) livelihood program previously covered non-cash inclusions such as free entrepreneurial training and a “starter kit”.
“The essence of BPBH is to teach OFWs to be their own ‘own bosses’ hence teach them the value of ‘self-reliance’ and, eventually, ‘self-esteem,’” OWWA Administrator Hans Leo Cacdac said in a statement.
BPBH beneficiaries may also benefit from potential marketing linkages and partnerships with other government institutions such as the Department of Trade and Industry and the Department of Agriculture.
“Since the businesses will be their own, they should be able to sustain the ‘interest’ to make it as their means of livelihood thus making the most out of the revolving capital,” Cacdac said.
The BPBH program targets to assist returning OWWA members, OWWA members displaced by political conflicts, distressed workers, and victims of illegal recruitment.
Paano po maavail etong package na eto para sa kagaya ko na ofw na gusto na lng mag umpisa ng negosyo dito sa pinas?