OWWA Program for OFWs is a concrete response from the national government to assist owwa members in preparing them to start a livelihood income back home in the country.
OWWA provides micro-loans to overseas Filipino workers who wish to start a new or finance an existing business. Overseas Workers Welfare Administration has a proper coordination to all regional offices to implement this progam wherein thousands of beneficiaries were catered to avail this livelihood program.
Terms and maximum loan
Depending on the purpose of the loan, the terms are from two to five years with a maximum loan of P200,000 and interest rates of up to 9%. The loans must be secured against acceptable collateral.