ou can alo According to an FB Wall post of PIA-NCR, the Overseas Workers and Welfare Administration (OWWA) is offering cash loans to repatriated OFWs or to returning OFWs who wants to stay in the country for good and wants to become entrepreneurs.
Those who want to apply for the loan needs to show documents to prove that they used to work as OFWs. They are also required to undergo a financial learning seminar and present a business plan with the help of the Department of Trade and Industry (DTI).
The cash loan that OWWA will provide will depend on the business plan. The loanable amount can range from Php300, 000 up to Php2 million. The cash loan is payable in five (5) years with a grace period of two years. The interest is 7.5% every year. For more information, you can send an SMS to OWWA at 0917-8986992. You can also visit http://www.owwa.gov.ph