Business forum highlights Region 8 celebration of OWWA's 25th anniversary
Tacloban City (April 29) -- In line with its mandate as the lead government agency tasked to protect and promote the welfare and well-being of Overseas Filipino Workers (OFWs) and their dependents, the Overseas Workers Welfare Administration (OWWA), will conduct a business forum for Overseas Filipino Workers, their families and their dependents on May 2, 2007 at the SMED Center, Capitol Grounds, Tacloban City.
This was learned from Mr. Albert Penaflor who was guest during the recently conducted Harampang Ha PIA.
The Business Forum is one of the activities scheduled in connection with the 25th Anniversary celebration of OWWA, Mr. Penaflor revealed. This is aimed at educating the OFW and his family and dependents the various programs of OWWA which are aimed to help them.
One of the programs of OWWA is organizing of OFW family circles and providing the economic component which includes social preparation programs for livelihood projects or community-based income generating projects, skills training and credit facilitation and lending.
Mr. Penaflor said that at present, the economic component has two (2) loan programs: the OWWA-NLSF Livelihood Development Programs for OFWs (LDPO) and the OFW Groceria Project.
The OWWA-NLSF LDPO Project is a joint undertaking of OWWA and National Livelihood Support Fund (NLSF). to address the economic component of the OFW Reintegration Program. This is aimed to further improve access to entrepreneurial development opportunities and credit facilities to OFWs, their families, and organizations. Possible enterprises include: (a) trading (general merchandise and buy and sell, etc.), (b) services (repair shops, restaurants, parlors, etc.), (c) manufacturing (meat/fruit processing, shoes, etc.) and (d) agri-business (tilapia culure, piggery, poultry, etc.).
The OFW GROCERIA Project is aimed at improving the socio - economic situation of the overseas Filipino workers and their families by providing livelihood and self-employment opportunities through the establishment of 1,000 grocery stores nationwide.
The project is an interest-free loan assistance package extended in the form of merchandise goods worth P 50,000.00 per qualified OFW Family Circle (OFC) beneficiary nationwide. (PIA 8) [top]