Kwentong OFW

Menu
  • HOME
  • STORIES
  • OFW NEWS
  • WORLD NEWS
  • PHILIPPINES NEWS
  • JOBS
  • TIPS

KwentongOFW - The Place Where OFWs United.

Follow us on Facebook

Repatriated OFWs Can Loan As Much As P100k To Start Own Business. Here’s How:

Spread the love
     

Overseas Filipino Workers (OFW) who were recently repatriated are invited to apply for a start-up loan under the Helping the Economy Recover via OFW Enterprise Start-ups program offered by the Small Business Corporation.

Application of repatriated OFWs will still be accepted for the Batch 3 as the deadline is still on September 3, 2020. The said program is part of the Pondo sa Pagbabago at Pag-asenso fund thru the Department of Trade and Industry (DTI). The loan facility is hoping to lend a hand to repatriated Filipinos so they can start with their lives in the Philippines by providing a business opportunity for them.

Here are the requirements for applicants:

  • A video pitch about her planned business, outlining important components such as product knowledge, market opportunity, nature of the business, management capability, financial understanding, competitive advantage, and business continuity.

Loan applicants are reminded that the proceeds must strictly be used as business capital and to sustain the operations of the business. The loaned amount can either be used to acquire, sell products, produce, or buy the necessary equipment and machinery for the operation of the business. It can also be used to pay rent, asset loans, utilities, and payroll of the workers.

How much is the loanable amount?

OFWs can loan a minimum of P10,000 and maximum P100,000 without interest rate and collateral. There will be a minimum payment of a 6% service fee for a 24 months loan term and 8% for the 36-month payment term.

How to start the process?

There will be a pre-registration under the Philippine Trade Training Center (PTTC) which will be done online. After the said training, those who will be qualified will have to adhere to the instructions given to them. They should also submit these requirements:

  • Loan Application form
  • A government-issued ID (1)
  • Proof that you are a repatriated OFW from OWWA
  • An audiovisual presentation about the business plan
  • DTI registration
  • Certificate of completion of an online training session for start-ups to be conducted by the PTTC

Source SunStar


Spread the love
     
 
      
Share
Tweet
Google+
Prev Article
Next Article

Related Articles

Spread the love     Ministries of labor in Gulf Cooperation Council (GCC) …

GCC to blacklist absconding maids employers abusing domestic laborers

Spread the love1.4K    1.4KSharesNais po naming ipabatid sa lahat ng OFWs …

Pangakong Php 20,2000 Na Pamigay Umano Ni Pangulong Duterte Peke!

Spread the love     Cebu Pacific (CEB) flight 5J018 Manila – Kuwait …

Cebu Pacific flight Manila – Kuwait diverted to Bahrain International Airport today, due to heavy fog in Kuwait.

Spread the love     KUWAIT 03 July 2020 – The Philippine Embassy …

PH Embassy in Kuwait Facilitates Repatriation of More than 3,000 Filipinos Since Start of COVID-19 Crisis

Spread the love1.1K    1.1KSharesThe Philippine Embassy reported two Filipina overseas workers …

Domestic Helpers : 2 Pinay, Indian ‘illegally detained’ in Abu Dhabi rescued

Spread the love     The Philippine president is angered over illegal recruiters …

President Duterte Left Strong Words Against Illegal Recruiters Who Sells Filipino Workers as Slaves

Tags:Loan OFW OFW Files OFW loan OFW NEWS OFW Stories Repatriated OFW

Share Your Comments

Comments

Leave a Reply

Cancel reply

Follow @Kwentong_OFW
DMCA.com Protection Status

Kwentong OFW

IMPORTANT LINKS

  • SUBMIT YOUR STORY
  • ABOUT US
  • PRIVACY POLICY
  • DISCLAIMER
  • CONTACT US

CATEGORIES

  • balitang OFW (1,507)
  • Exchange Rate (57)
  • kwentong OFW (1,417)
  • OFW JOBS (96)
  • OFW TIPS (268)
  • PINAS NEWS (308)
  • tulang OFW (21)
  • WORLD NEWS (338)

Most Popular -Day

    Most Popular – Week

      Most Popular – Month

      • Police Raid Prost!tution Dens Managed By Asian.
      • Hong Kong Minimum Wage for FDHs Goes Up to $4,990 Per Month.
      Copyright © 2025 Kwentong OFW
      All Rights Reserved KwentongOFW