OWWA Programs continue to cater the needs of all members in responding their needs.The Philippine government continues to support millions of Overseas Filipino Workers (OFWs) through its promotion of various OWWA Programs.
These programs are being offered by the Overseas Workers Welfare Administration in order to assist the OFWs who are really working hard just to provide a bright future to their respective children and families living in the country.
Moreover, these programs really aim to comfort the OFWs especially those whose monthly salary is not that big. On the other hand, not only do these programs benefit the OFWs but their families as well through different financial, livelihood, and educational assistance programs.
One of the most-sought programs of the agency is the OWWA Loan Program wherein OFWs may ask for financial assistance to start a new business enterprise in the country. Several OFWs have already become successful entrepreneurs who are earning more while living with their loved ones.
Overseas Filipino Workers – Helpful Guide Information
What’s more surprising about this financial program is that it has a smaller annual interest rate in contrast to other financial assistance bonds being offered by private lending agencies. It is also non-collateral, meaning OFWs no longer need to pledge any of their real properties in exchange for their borrowed money from these OWWA Programs.
On the other hand, there are some reminders that OFWs need to know before availing these OWWA Programs. They must be active members of the institution by paying US$ 25 (more or less PHP 1, 174.49) as the standard membership fee. OFWs may pay this amount to the Philippine Overseas Employment Administration or POEA located at Ortegas Avenue, Mandaluyong City, Metro Manila.
Moreover, they must also comply with the documentary requirements like feasibility study and/or business plan in order for their applications to be processed immediately. These documents would attest that OFWs are really serious in applying for OWWA Programs.
This year, the institution celebrates its 38thyears of contribution to various OFWs in different parts of the world through OWWA Programs. In May 1, 1977 that then President Ferdinand Marcos signed the Letter of Instruction No. 537 which established the Welfare and Training Fund For Overseas Workers under the Department of Labor.
This served as the forerunner of OWWA as it delivered a variety of welfare and social services to OFWs such as legal and placement assistance, insurance coverage, remittance services, etc. Rebecca Calzado, the current administrator, assured the public of the institution’s commitment of providing various OWWA Programs.