OFW Reintegration Program (OFW-RP)

  

Description

A program that will provide opportunities for OFWs to engage in business as alternative to overseas employment.

Eligible Borrowers

OFWs certified by OWWA on membership and capacity building program attended 

Eligible Projects

Viable projects that will generate a net income of at least equal to the poverty threshold set by NEDA.

Loan Purpose

 

  • Working Capital
  • Fixed Asset Acquisition

Amount of Loan

  • Minimum of P300,000
  • Maximum of P 2 Million

Term of Loan

Based on cash flow  but not to exceed 7 years (inclusive of 2 years grace period) 

Loan Security

  • REM
  • Chattel on Machinery & equipment
  • Hold-out on deposit
  • Deed of Assignment on inventory & receivable