Guidelines sa pautang ng OWWA

NAGLAAN ANG PAMAHALAAN ng P2 bilyon para sa tinatawag na reintegration program ng OWWA. Ito ay para sa mga kasalukuyang OFW at dating OFW. Maaari ring mag-apply dito ang mga pa-milya o dependent ng OFW.

Ito ay loan o pautang para sa pagtatatag ng maliliit na negosyo at ang pondo ay maaaring gamitin na working capital, pambili ng mga kagamitan o para sa construction, renovation, expansion at repair ng mga gusali o lugar na gagamitin sa negosyo.

Ang pautang ay mula P300,000 hanggang P2 milyon. Mayroon itong 7.5% interest bawat taon. Ang loan ay maaaring bayaran sa loob ng isang taon hanggang pitong taon. Meron din itong grace period na dalawang taon.

Narito ang ilang detalye ng programa:

 

PROGRAM FEATURES

(LBP & OWWA Guidelines)

 

A. ELIGIBLE BORROWERS:

 

a. OFW with at least one OWWA contribution

b. Legal Dependent (if married, legitimate spouse; if single, pa-rents)

 

ELIGIBLE PROJECTS:

Projects with confirmed market or Purchase Order or Service Agreement or Contract Growing Agreement that will generate net monthly income of at least Php 10,000.00

 

LOAN AMOUNT:

a. Minimum – Php 300,000

b. Maximum – Php 2 million

 

INTEREST RATE:

7.5% per annum fixed for the duration of the loan

 

LOAN PURPOSE:

a. Working Capital

b. Fixed Assets Acquisition          PROJECT COST SHARING (DEBT-EQUITY RATIO):

 

a. Borrower’s Equity – Minimum of 20%of the Total Project Cost (TPC)

b. Loan – Maximum of 80% of the TPC

 

LOAN REPAYMENT:

a. Short Term Loan – Maximum of one Year

b. Term Loan – based on cash flow but not to exceed 7 years inclusive of maximum of 2 years grace period on the principal

 

PROCESSING REQUIREMENTS:

a. OWWA/RWO issues Certification that the borrower is a bonafide overseas worker, has completed Entrepreneurship Development Training (EDT), and has credit history (if any)

b. Certificate of Registration with DTI

c. Bio-data of Applicant

d. Mayor’s Permit

e. Income Tax return (last 3 years

f. Latest interim Financial Statement, if applicable

g. Statement of Asset and Liabilities

Ayuda sa OFW
By Ome Candazo

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