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OWWA conducts 3 Sessions of Phase 1 EDLP

June 15, 2017

Butuan City - The Overseas Workers Welfare Administration, in partnership with the Department of Trade and Industry and Landbank of the Philippines, conducted three sessions of Phase 1 Enterprise Development and Loan Program (EDLP) to Overseas Filipino Workers (OFW) on May 5, 2017 in Agusan del Sur; on May 17, 2017 in the Province of Dinagat Island and another one on May 22 at OWWA Regional Office, this city.

 

OWWA currently implements the Enterprise Development and Loan Program, formerly known as 2 Billion OFW-Reintegration Program, under its Family Support and Reintegration Services, a loan facility which is intended to support enterprise development among OFWs and their families.

 

“This program aims to provide assistance among active and returning OFWs in order to improve their socio-economic well-being and their reintegration in the mainstream society and aid them in starting off and expanding income generating livelihood which promotes productivity and self-reliance,” bared Jean Mary Ronquillo-Ladion, OWWO II and in-charge of the EDLP.

 

With its revamped design, the agency made sure that the orientation will be easily accessible to the interested OFWs through its mobilization. The first of the three was conducted at Brgy. 5, San Francisco, Agusan del Sur with fifty-six (56) attendees from around the province, while Twenty-three (23) OFWs and dependents from the provinces of Dinagat, San Jose and Cagdianao joined during the phase 1 of EDLP held at DTI Negosyo Center in the Province of Dinagat Island. To cater to the OFWs living in Agusan del Norte and those who failed to attend in the previous sessions, another orientation was held at OWWA Training Hall at the Regional Office with sixty-six (66) loan applicants from all over Caraga.

 

The first phase of EDLP includes program orientation, financial literacy and personal entrepreneurial assessment. The phase intends to present and clarify among the participants the program scheme and availment procedure.

 

OFW loan applicants must complete a Program Orientation and Business Appreciation Course, an Enhanced Entrepreneurship Development Training (EEDT) conducted by the agency alongside DTI and LBP. After completing phase 1, interested applicants will then undergo an Entrepreneurship Training and Business Immersion and Business Plan Workshop.

 

The enhanced loan facility provides a minimum of Php 100,000.00 and a maximum of Php 2,000,000.00 for individual borrowers and from Php 100,000.00 to Php 5,000,000.00 for group loan borrowers at an annual interest of 7.5% for the entire duration of the loan.