OWWA Loan helps OFWs. A lot of Filipinos are believed to be business-oriented individuals as they aspire to have their own enterprises that are in line with their respective interests. Such is the case of an Overseas Filipino Worker (OFW) couple who never expected that their dream of having a business in the country would come to reality.
OFWs’ Auto Supply Business Grows thru OWWA LOAN – Photo Credit to the rightful owner.
Andy and Slyvia Carrascal, both registered nurses, had worked in various countries in the Middle East so as to provide a comfortable life not only for their own children but for their immediate families as well. Because of their hard work, patience, and thriftiness outside the country, they were able to save up a considerable amount of money which was enough to start a small business in preparation for the future of their fast-growing children.
In early 1990s, Andy and Slyvia started up an auto supply and repair business in the city of Tabaco, Albay. They named it as “Daliwawa,” a word for sunrise in their vernacular language. During this time, the couple’s business was known among many clients not only in their province but also in other adjacent provinces such as Catanduanes. Up until now, their business is being sought out because of their good and quality services and products. As a matter of fact, most of their contemporaneous shops had eventually been closed within a few years yet the “Daliwawa” remains standing and now known as one of the oldest auto supply business in their locality.
In 2012, the couple decided to expand their business seeing that the number of their customers has continuously been growing. Since they were former OFWs, they went to the Overseas Workers Welfare Administration (OWWA) regional office in order to seek financial assistance. They applied for the 2-Billion Peso OFW Reintegration Program which is a joint undertaking of the agency and the National Reintegration Center for OFWs (NRCO).
The couple submitted the necessary documentary requirements as well as the feasibility study of their business. They had also attended a training-seminar on effective business management sponsored by the agency and the Department of Trade and Industry (DTI).
After seeing that their business is really viable, OWWA granted their loan request. The couple used the borrowed capital for the expansion of their business establishment and in acquiring necessary equipment to serve their customers more efficient. They promised that they will continue what the relationship they have formed with their loyal customers.