The Overseas Workers Welfare Administration (OWWA) is encouraging overseas Filipino workers (OFWs) in Western Visayas to avail of the enterprise development and loan program of the department to help them in putting up their business.
OWWA partnered with the Landbank of the Philippines for the program, which is a “package of enterprise development interventions and loan facility, [which] aims to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income stream and create employment opportunities in their community”.
OWWA Director Albert Valenciano presented the said program among 175 OFWs and their families who took part in the three-day agri-business investment forum last month.
The program would help ease the capital needed by the OFWs for their business, said Valenciano.
“There are those OFWs who really wanted to engage in business, however, sometimes they are short of the capital requirement so, they can loan to fulfill their needed capital,” he said.
OWWA can provide up to a maximum of PHP2 million.
Valenciano also encouraged the OFWs to venture into coffee and cacao production due to the high demand for these commodities.