Kwentong OFW

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

KwentongOFW - The Place Where OFWs United.

Follow us on Facebook

How To Avail OWWA Tulong Pangkabuhayan sa Pag-unlad ng Samahang OFWs (Tulong-PUSO)

Spread the love
     

The OWWA Tulong PUSO Program (Tulong Pangkabuhayan sa Pag-unlad ng Samahang OFWs Program) is another excellent program for OFWs who want to start their own business. Besides attracting qualified OFWs who want to expand their businesses, this program is also beneficial to those who wish to revive bankrupted businesses. In this program, OFW groups can apply for up to P150,000 in financial assistance, which is not a small amount.

Overview

DOLE-OWWA Tulong-PUSO is a financial grant program that supports both the start-up and expansion of OFW groups through a one-time livelihood financial grant. A DOLE, CDA, and Securities and Exchange Commission (SEC)-recognized business plan has been submitted to support the start-up and expansion of OFW groups. Among the benefits of the program are:

  • Livelihood Start-up: Establishing a business for the first time.
  • Livelihood Expansion: Enhancing the viability and sustainability of an existing enterprise.
  • Livelihood Restoration: Reestablishing bankrupt businesses.

Qualified Applicants

OFW groups that have been duly registered with the DOLE, CDA, and SEC are eligible for benefits.

OWWA members and/or their families must make up at least eighty percent (80%) of the OFW group. Undocumented/irregular OFWs and/or their families may make up the remaining twenty percent (20%). Those who have previously been awarded Tulong Puso grants pursuant to Memorandum of Instruction No. The Tulong Pangkabuhayan sa Pag-Unlad ng Samahang – OFWs (Tulong Puso) will no longer be eligible for the program as described in the Guidelines and Procedures in Implementation of the Tulong Pangkabuhayan sa Pag-Unlad ng Samahang – OFWs (Tulong Puso).

Preferred Livelihood Projects For The Program

  • Viable and marketable products (i.e processing of food and other consumer products)
  • Key industries for generating employment (i.e information technology, wholesale and retail trade, health and wellness, tourism, etc.)
  • Utilization of local resources and materials (i.e handicraft, specialty, souvenir items)
  • Contributes to the creation of local jobs (farming, bamboo propagation, livestock, manufacturing and aquaculture)
  • Products that are environmentally friendly; preferably ‘green’ products (agriculture-based products)
  • Franchise (food, health, wellness, medical and sanitary related business)
  • Providing online sales and delivery services
  • Priority products of the Department of Trade and Industry (i.e cacao, coco coir, coffee, home styles, food processing and wearable)

The Program Supports the Following Categories:

  • Micro-sized OFW groups of up to 10 members may avail up to maximum of Php 150,000.00 grant.
  • Small-sized OFW group of 11 to 15 members may avail up to maximum of Php 250,000.00 grant.
  • Medium-sized OFW groups of 16 to 30 members may avail up to maximum of Php 500,000.00 grant.
  • Large-sized OFW groups of 31 or more members may avail up to maximum of Php 1,000,000.00 grant.

Requirements

  • Completed Application Form
  • DOLE, CDA, or SEC registration certificate
  • At least 80% of OFW members and their families are OWWA members
  • An audited financial statement from the Association/Group’s Treasurer and Auditor, if applicable
  • Signature of the President of the OFW Group indicating the names and addresses of authorized representatives for each phase of the program (maximum three)
  • OFW Group’s Affidavit or Undertaking of Management and Growth
  • A business proposal and feasibility study with proof of a minimum 20% equity stake, including bank statements, bank accounts, and similar documentation.

Steps on How To Avail Tulong-PUSO Program

Step 1: Apply through the Online Appointment System (appointment.owwa.gov.ph)

Step 2: Join the Webinar pre-orientation and social preparation

Step 3: Documents are evaluated and reviewed

Step 4: Evaluation of the business proposal

Step 5: Committee Review

Step 6: Release of the Grant

Step 7: Monitoring and Evaluation

Source OWWA


Spread the love
     
 
      
Share
Tweet
Google+
Prev Article
Next Article

Related Articles

Spread the love5.2K    5.2KSharesFour Filipinas have been facing charges of bringing …

4 Filipinas Facing Charges as Drug Mules, 1 Acquitted While 3 Others Found Guilty

Spread the love     Mocha Uson Broadcasts The Recent Improvements At Ninoy …

LOOK: Live Internet speed check in NAIA hits almost 50 MBPS

Spread the love     Some Overseas Filipino Workers (OFW) going to Saudi …

OFWs Inoculated With Sinovac Can Enter Saudi Arabia – Sec. Bello Confirms

Spread the love3    3SharesA certain MICHELLE KAYE YU-TAN sending below email to …

Singaporean Employer Accuses Filipino Maid of Repeatedly Stealing Her Money

Spread the love     Overseas Filipino workers (OFWs) in Saudi Arabia are …

Saudi oil company to lay off workers, including OFWs

Spread the love     In the Philippines, the overseas Filipino workers (OFWs) …

OFW refused medical attention by PhilHealth and OWWA, dies of liver cancer

Tags:OFW OFW NEWS OWWA OWWA Projects Tulong Pangkabuhayan

Share Your Comments

Comments

One Response

  1. Liza Alviar

    I am interested:
    I have flower ships in Oman.

    August 28, 2022

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 (1,486)
  • Exchange Rate (57)
  • kwentong OFW (1,396)
  • OFW JOBS (94)
  • OFW TIPS (262)
  • PINAS NEWS (300)
  • tulang OFW (20)
  • WORLD NEWS (316)

Most Popular -Day

  • DMW Pushes The Launching of Digital App For OECs To Oct. 27
  • How To Apply For The OWWA HEROES (Helping the Economy Recover thru OFE Enterprise Start-ups) …
  • How To Avail OWWA Tulong Pangkabuhayan sa Pag-unlad ng Samahang OFWs (Tulong-PUSO)
  • ISSUANCE NG OFW EMPLOYMENT CERTIFICATE, PAPERLESS NA SIMULA OCT. 15

Most Popular – Week

  • How To Apply With OWWA Balik Pinas! Balik Hanapbuhay! Program
  • How To Apply on OWWA Rebate Program
  • President Marcos Inaalam Ang Bilang Ng Mga OFW na Gustong Umuwi Sa Pilipinas
  • OFW Finds Meteorite, Returns Home With Approx. PhP170 Million

Most Popular – Month

  • How To Apply With OWWA Balik Pinas! Balik Hanapbuhay! Program
  • How To Apply on OWWA Rebate Program
  • President Marcos Inaalam Ang Bilang Ng Mga OFW na Gustong Umuwi Sa Pilipinas
  • OFW Finds Meteorite, Returns Home With Approx. PhP170 Million
Copyright © 2023 Kwentong OFW
All Rights Reserved KwentongOFW