It is in the aims of the Overseas Workers Welfare Administration (OWWA) to help OFWs to one day have the capacity to restore themselves into the standard business life of a Filipino.
Together with the Department of Trade and Industry, they will help Filipinos in making their own particular organizations.
The Memorandum of Agreement has formalized the association of OWWA and DTI to mutually lead formative trainings under OWWA’S Entrepreneurial Development Training (EEDT) and other related exercises. Every one of this was by official statement last Thursday, September 8, from the administration organization.
The reformulated advance office of OWWA now includes the loanable measure of Php 100,000.00 to a most extreme of Php 2,000,000.00 for single proprietorship and Php 5,000,000.00 to gathering advance borrowers.
The advance still bears the same financing cost of just 7.5 percent for every annum altered for the term of the credit.
“OFW-EDLP is part of OWWA’S commitment to continually develop and implement welfare programs that respond to the needs of OFWs and their families. With this partnership, and OFWs dream of owning his/her own enterprise is just a step away”, OWWA Administrator Calzado said amid the joint signature of the MOU with DTI.
The EEDT incorporates business-arranging, venture particular abilities introduction, and vital learning that the returning OFWs and their families ought to have before they begin a business.