{"id":15829,"date":"2016-09-12T12:13:30","date_gmt":"2016-09-12T12:13:30","guid":{"rendered":"http:\/\/www.pinoy-ofw.com\/directory\/?p=15829"},"modified":"2016-09-12T12:13:30","modified_gmt":"2016-09-12T12:13:30","slug":"what-are-the-loan-packages-and-requirements-under-the-owwa-nlsf-livelihood-development-program","status":"publish","type":"post","link":"https:\/\/www.pinoy-ofw.com\/directory\/what-are-the-loan-packages-and-requirements-under-the-owwa-nlsf-livelihood-development-program-15829.html","title":{"rendered":"What are the Loan Packages and Requirements Under the OWWA-NLSF Livelihood Development Program"},"content":{"rendered":"<p><strong>1. Collateral Loan Window<\/strong><br \/>\n* Individuals or Partnerships with less than five (5) members are entitled to a maximum of P 200,000.00 each member<br \/>\n* Service Fee = Four percent (4%)<br \/>\n* Facilitation Fee = Three percent (3%)<br \/>\n* Total interest rate per annum plus fees not to exceed 16%<\/p>\n<p><strong>Loan Requirements<\/strong><\/p>\n<p><em>For Individual Borrowers<\/em><br \/>\n1. Proof of OWWA Contribution (passport with POEA-LAC stamp, information sheet from OWWA, POEA-attested Employment Certificate, or E-card)<br \/>\n2. Business Plan \/ Project Feasibility Study<br \/>\n3. Financial Statement in case of existing business<br \/>\n4. Business permit \/ license (pre-release condition)<br \/>\n5. Collateral papers (REM or chattel mortgage)<\/p>\n<p><em>Additional Requirements if availee is an immediate family member:<\/em><br \/>\n1. Marriage Contract and consent (for married borrowers)<br \/>\n2. Birth Certificate and authorization (for single OFWs)<\/p>\n<p><em>For Group Borrowers<\/em><br \/>\n1. Proof of OWWA Contribution at least among officers<br \/>\n2. Business Plan<br \/>\n3. Financial Statement in case of existing business<br \/>\n4. Collateral Papers \/ Ownership Titles<br \/>\n5. Promissory Note for Non-collateral Loan Window<br \/>\n6. Registration with Securities and Exchange Commission (SEC) for partnerships &amp; corporations; Cooperative Development Authority (CDA) for cooperatives; and Department of Labor and Employment (DOLE) for associations.<br \/>\n7. Basic organizational instruments:<br \/>\n&#8211; 7.1 Articles of Incorporation for corporations<br \/>\n&#8211; 7.2 Ratified group By-Laws or Mutually Agreed Term for partnerships<br \/>\n&#8211; 7.3 Articles of Incorporation for cooperatives<br \/>\n&#8211; 7.4 Constitution and By-laws for associations<br \/>\n8. Board resolution or group\/partnership resolution specifying intent to undertake a group\/partnership project or expand a group\/partnership project using capital to be borrowed from the OWWA-NLSF-LDPO<\/p>\n<p>Source:\u00a0http:\/\/www.owwa.gov.ph:8080\/wcmqs\/about\/faq\/#loans<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Collateral Loan Window * Individuals or Partnerships with less than five (5) members are entitled to a maximum of P 200,000.00 each member * Service Fee = Four percent (4%) * Facilitation Fee = Three percent (3%) * Total interest rate per annum plus fees not to exceed 16% Loan Requirements For Individual Borrowers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[997],"tags":[998],"class_list":{"0":"post-15829","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-faq","7":"tag-owwa"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/posts\/15829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/comments?post=15829"}],"version-history":[{"count":0,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/posts\/15829\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/media?parent=15829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/categories?post=15829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoy-ofw.com\/directory\/wp-json\/wp\/v2\/tags?post=15829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}