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What kind of loans can I get with OWWA?
In fact, OWWA has two types of OFW loans. One is called the OFW Reintegration Program, and the other one is in partnership with the Landbank of the Philippines, called the OFW Enterprise Development and Loan Program (OFW-EDLP). Let’s take a closer look at both these business loans to better determine which one is the right OWWA loan for you.
Are there any OFW loan programs in the Philippines?
The OFW-EDLP program is where OWWA provides loans to OFWs, whether they are about to retire or are still working abroad. This is done in partnership with Land Bank of the Philippines (LBP). This program is a little more complicated than the OWWA Reintegration Program, but it also allows you to loan a larger amount.
How to apply for an OWWA OFW-EDLP loan?
How to apply for an OWWA OFW-EDLP Loan? Submit a business plan showing the complete description of your business, which shows you can earn or are earning at least P10,000 a month; Undergo an EDT Seminar at OWWA regional offices, and get an EDT Certificate of Completion; Submit a completely filled out OWWA Information Sheet
What is the livelihood assistance program for OWWA?
The livelihood assistance is up to P10,000 with technical and/or entrepreneurial training, starter kits/goods, and other services that will enable the former OFWs to start their own business or livelihood. 2. The OFW Enterprise Development and Loan Program (OFW-EDLP)
Last Update: Oct 2021
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