is an enterprise development intervention of OWWA in partnership with LBP and DBP. It aims to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income stream and create employment opportunities in their community.
1. The Enterprise Development Interventions are social preparation activities that include the conduct of business appreciation seminar with entrepreneurial skills self-assessment, referral to partner institutions for project-specific skills-training or business-relevant orientation/seminar, referral to individuals/institutions for immersion, conduct of seminar on business plan preparation and other relevant interventions.
2. Loan Facility – after the OFW-applicant has completed the Enhanced Enterprise Development Training (EEDT), he/she can avail of the loan facility. Loanable amount per borrower is Php100,000.00 up to a maximum of Php2M for individual loan borrowers and up to a maximum of Php5M for group loan A 7.5% interest rate per annum is fixed for the duration of the loan.
OFWs may avail of the loan facility within 3 years from the date of arrival to the Philippines, except in cases where the OFW-applicant has an on-going business prior to the time of application.