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Reintegration Program of OWWA Through OFW Enterprise Development and Loan Program

Overseas Filipino Workers – Enterprise Development and Loan Program (OFW-EDLP) formerly known as OFW Reintegration Program is a development and loan program of OWWA. This program supports the development of OFW and its families that offers projects and businesses.

Eligible borrowers:

a.     OFW who is a certified OWWA member, active or non-active

b.      Has completed Enhanced Entrepreneurial Development Training

c.       OFWs working abroad

Eligible Projects:

a.     Franchising business

b.      Contract tie-up with top 1000 corporations

c.       Agri and non-agri production/manufacturing

d.      Construction/rental business

e.      Service/trading business

f.        Transport service

g.      Other existing or new project

Loan Amount:

For Individual Loan Borrowers

Minimum – Php100,000.00

Maximum – Php2,000,000.00

For Group Loan Borrowers

Minimum – Php100,000.00

Maximum – Php5,000,000.00

Interest Rate: 7.5% per annum for the entire duration of the loan. Loan Repayment for short-Term- max of one year and Term Loan is based on cash flow but not to exceed 7 years. Loan evaluation and approval can be completed within 45days.

Visit any physical office of OWWA for more information.


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2 comments:

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