This program is a joint undertaking of OWWA and National Livelihood Support Fund (NLSF). to address the economic component of the OFW Reintegration Program.
It is meant to further improve access to entrepreneurial development opportunities and credit facilities to OFWs, their families, and organizations.
Enterprises may 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 OWWA-NLSF Livelihood Development Program currently has the Collateral Loan Window for individual and group borrowers.
Acceptable Purposes of Loan
1. Working capital – for purchase of merchandise goods and/or raw materials
2. Business assets acquisition (except lot) – for purchase of machines/equipment
3. Business site construction or improvement
Eligible Borrowers
1. Member-OFWs and former member-OFWs
2. Their immediate family members (one family member per one OFW)
3. For married OFWs: spouses or children of legal age
4. For single OFWs: parents or siblings of legal age
5. OWWA LDPO beneficiaries with good repayment records
6. Legally organized groups of OFWs (partnerships / corporations, OFW organizations / associations / cooperatives & Federations)