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The Department of Labor and Employment (DOLE) is in talks with Land Bank of the Philippines to lower the government’s micro-lending facility for overseas Filipinos (OFs) from the current Ph100,000 minimum loan to Ph50,000 so that more OFs could avail of the program.
This, according to Overseas Workers Welfare Administrator (OWWA) Hans Leo J. Cacdac, who said discussions are also underway regarding collaterals.
“We have ongoing talks with Land Bank President Alex V. Buenaventura para magkaruon ng micro-lending window that will complement the current lending window na Ph100,000 to Ph2 million to bring it to as low as Ph50,000,” Cacdac said on his Facebook page.
“We are also discussing matters of collateral para mapabilis yung processing ng loan,” Cacdac added.
In a related development meanwhile, Labor and Employment Secretary Silvestre H. Bello III has, for his part said his office would extend the microfinance loans worth P50,000 to P300,000 to repatriated OFs to help them re-establish sustainable living for their families.
“As one of the directives of President Duterte, DoLE, together with OWWA, shall ensure the reintegration of our repatriated OFWs by helping them and their families through various livelihood opportunities and other income-generating means,” the government-run Philippine News Agency (PNA) recently quioted him as saying. (JD)
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Jobs
[/et_pb_text][et_pb_code admin_label=”Code” max_width=”58px” module_class=”tft-sborders” custom_css_main_element=”margin:0 !important;padding:0 !important;||border-bottom: 4px solid #6c2eb8;||position: relative;||top: -23px;” disabled=”off” /][et_pb_code admin_label=”Jobs Custom Shortcode” disabled=”off” saved_tabs=”all” global_module=”51259″]<button class="prev">«</button><!– [et_pb_line_break_holder] –><button class="next">»</button><!– [et_pb_line_break_holder] –><!– [et_pb_line_break_holder] –><div class="any-class"><!– [et_pb_line_break_holder] –> <ul class="jobs-jcl-ul"><!– [et_pb_line_break_holder] –> [shortcodename]<!– [et_pb_line_break_holder] –> </ul><!– [et_pb_line_break_holder] –></div>[/et_pb_code][et_pb_image admin_label=”Image” src=”https://filipinotimes.net/wp-content/uploads/2017/05/unnamed-5.jpg” show_in_lightbox=”off” url_new_window=”on” use_overlay=”off” animation=”off” sticky=”off” align=”left” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid” disabled=”off” url=”http://www.smartshelter.ae/” saved_tabs=”all” global_module=”51397″ /][et_pb_image admin_label=”Image” src=”https://filipinotimes.net/wp-content/uploads/2017/05/jobb.jpg” show_in_lightbox=”off” url_new_window=”on” use_overlay=”off” animation=”off” sticky=”off” align=”left” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid” disabled=”off” url=”https://filipinotimes.net/jobs/” saved_tabs=”all” global_module=”51398″ /][et_pb_text admin_label=”Editors Choice Header” background_layout=”light” text_orientation=”left” module_class=”tft-txt-header” header_text_color=”#000000″ text_font=”Happy Monkey||||” use_border_color=”off” border_style=”dashed” custom_margin=”|||” custom_padding=”11px||13px|” custom_css_main_element=”font-size: 24px;||color: #000;||border-bottom: 1px solid #eee;||height: 50px;||font-family: Georgia !important;|| ” disabled=”off”]Editors Choice
We listed over 1,000,000 jobs from United Arab Emirates monthly.
[/et_pb_text][et_pb_search admin_label=”Search” background_layout=”light” text_orientation=”right” exclude_pages=”off” exclude_posts=”off” include_categories=”2,3,9,10,11,4254,12,1,13,4259″ hide_button=”on” placeholder=”ei. Nurses, Engineer, Accountant, Sales…” field_bg=”#ffffff” placeholder_color=”#7c7c7c” module_class=”jobs-search” input_font_size=”14px” input_letter_spacing=”0px” input_line_height=”1em” button_font_size=”14px” button_letter_spacing=”0px” button_line_height=”1em” custom_css_input_field=”height: 50px !important;||max-width: 436px;||text-align: left !important;||float: left;||margin-left: 20px;” disabled=”off” /][/et_pb_column][et_pb_column type=”1_3″][et_pb_image admin_label=”Image” src=”https://filipinotimes.net/wp-content/uploads/2017/04/tft-rent.png” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”off” sticky=”on” align=”left” max_width=”164px” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_width=”1px” border_style=”solid” custom_css_main_element=”float: left;||position: relative;||top: 37px;||left: 20px;” disabled=”off” /][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” max_width=”280px” max_width_last_edited=”off|desktop” header_font_size=”28px” text_font_size=”20px” use_border_color=”off” border_style=”solid” custom_padding=”0px|||” custom_css_main_element=”margin-top: 123px;||font-family: Georgia;||margin-left: 20px;” disabled=”off”]Accomodation option available in the market.
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