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Monday, April 10, 2017

Here are the Top 10 Reasons Why Your Loan was Not Approved


Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS

Are you an OFW and looking into acquiring a loan? Whether you are planning to start a small business, purchase a new car or raising funds to  buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing  loans from banks, financing companies or even a close friend. 
To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly.
Why do loan applications are declined? 
There are various reasons  why loan applications are being disapproved. 

 Here are the 10 main reasons that might cause your loan application  to be declined:


Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS
 Failure to submit pre-qualifying requirements.
In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application.

Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS

Not resolving bad credit.

Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time.
Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS

Not doing enough research.

 Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. 

Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS
Error in credit report.
Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined.

Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS
 Thinness of credit file.
Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the  better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company.

Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS

Having too much debt.
One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. 
OFWs who are availing loans can be disapproved due to the following reasons: 
Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS

 Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS

 Whether you are planning to start a small business, purchase a new car or raising funds to buy a new house or do a major house renovation, it may not take forever to raise it just from the savings you get from your salary. Many people resort to availing loans from banks, financing companies or even a close friend. To avail a loan, you can always apply anywhere but there will be no guarantee that your loan application will be approved instantly. Why do loan applications are declined? There are various reasons why loan applications are being disapproved. Here are the 10 main reasons that might cause your loan application to be declined: Failure to submit pre-qualifying requirements. In applying for any loans, you need to provide the needed requirements. Failure to do so can surely compromise the transaction and may lead to disapproval of your loan application. Not resolving bad credit. Bad credits reflects bad paying habits. Nobody will ever lend any amount without the assurance that you will be able to pay it on time. Not doing enough research. Doing a research about the company background and some information about people who already had their loan approved in a certain financing companies may help you get a positive result. Error in credit report. Not declaring or not disclosing about your credit history may lead to denial of loan. The finance companies has a wide network and they are using every bit of information to check if you are really worth they trust. If you fail to provide the information they needed, your loan application could be declined. Thinness of credit file. Good credit records can be useful in dealing with loan applications. The more good credit transactions you have, the better. It will speak for you and get the loan you wish if you have enough good transactions from various credit or loan company. Having too much debt. One thing lenders look at when they’re reviewing loan applications is your debt-to-income ratio. If your monthly salary could not balance well with your debts, you are most likely to be declined of your loan application. OFWs who are availing loans can be disapproved due to the following reasons: In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan. Sources: Smart Asset, Loan Solutions OFWs, contrary to the common notions, are not rich and they do not have a lot of money. Some OFWs even return home broke after several years of working overseas. Financial literacy seminar and entrepreneurship trainings are being conducted for the OFWs to be aware of their financial status and to do something to improve their lives by means of generating other sources of income aside from the salary they are getting from the job they currently have while working abroad. Some OFWs plan of putting up a business or venture out in investment opportunities like real estate, stocks, and any other possible means to get them ready for their return in the Philippines for good. A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses. As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. Does OWWA have an existing program for OFWs who want to start their own business? Yes. The Overseas Workers Welfare Administration (OWWA) has two existing programs under the reintegration program for those who want to start their own business. What are those? In the first program, OWWA can give a 'grant' for OFW spouses who want to start even a small scale business. How much is the amount of funds OWWA can provide under this program? The fund that can be granted under this program depends on what kind of business they want to start. However, the maximum amount is only P20,000. What is the other program? The other program is called a 'special loan program'. this loan program is through partnership with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. How much can an OFW spouse can avail on this program? OFWs and their spouses can avail a loan amounting from P300,000 up to P2,000,000. How much should be the net income of an OFW to avail of this loan? For an OFW to avail of this loan, he/she must be earning a net monthly income of at least P10,000 to avail the loan amount of P3,000 up to P2 Million. How much will be the interest rate? The loan will have an interest rate of 7.5% annually. What will be the mode/frequency of payment? Depending on project's cash flow, the OFW can pay it on monthly, quarterly or annual basis. Where should the OFW wife/husband apply to avail these programs? They can apply at any OWWA Regional Welfare Office (ORW) nearest to them. What are the eligibility requirements for the OFW to be qualified to avail? 1. The OFW must be an active OWWA member. 2. OFW husband/wife who want to avail must have completed the Entrepreneurial Development Training (EDT) conducted by NRCO and OWWA ORWsin cooperation with the Department of Trade and Industry/Philippine Trade Training Center (PTTC)/ Bureau of Micro, Small and Medium Enterprise Development (BSMED). 3. They must provide 20% equity. 4. The project or business must generate a net income of at least P10,000 for the OFW. For details and information regarding these program, you can contact OWWA Regional Offices in your area. *These information is based on the answer provided by OWWA Deputy Administrator Josefino Torres. Source: BanderaInquirer.net Recommended: 2017 Top 10 IDEAS for OFWs to Invest A Filipina based in Waikato, New Zealand has now been sentenced to 11 months and 2 weeks of house arrest after she was convicted for 284 immigration fraud charges involving her visa scam back in October 2015. A 180 hour community service also comes with the sentence. Loraine Anne Jayme, 35, a resident of Te Aroha, Waikato has a dual citizenship. For every OFW who wish to come to New Zealand, she charges $2,250 each. It took some time for the scam to be uncovered because Immigration New Zealand (INZ) didn't initially realise a large portion of the workers were processing their application through the alleged ringleader. However, Immigration Minister Michael Woodhouse said that more than a thousand Filipinos who might have entered the country illegally using fake visas could stay. Mr. Woodland said that they could stay to avoid potential damage to the dairy industry and the rebuilding of Christchurch. There are 38,000 OFWs working on dairy farms in New Zealand and they are living with pretty good reputation with regards to their work ethics and they are worried about what it could mean to them. "We're law abiding people. We like to see the law of our land upheld and proper process done," Mr Lewis said. "So yeah, I have to give credit to Immigration New Zealand for doing it and hopefully they'll be back on deck next week processing them within their required rules," he added. The authorities are now auditing farms around the Waikato, Canterbury and Southland. Source: TVNZ, NewsHub, Inquirer RECOMMENDED: The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The mother of a 12-year old girl who mysteriously died while on her father's care in Jeddah, Saudi Arabia sought the help of the Philippine government, particularly on the Presidential Action Center to help her forward the case to the DFA to allow the Philippine Consulate in Jeddah to transmit the autopsy report conducted on her daughter.Bliss Mendoza, an OFW in Canada was working in Jeddah as a nurse together with her husband and daughter "Tipay" before she worked in Canada and left her daughter with her husband's care in Jeddah. The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. He said that as he visit the countries where there are OFWs, he has heard sad stories about them: sexually abused Filipinas,domestic helpers being forced to work on a number of employers. "I have been to many places. I have been to the Middle East. You know, the husband is working in one place, the wife in another country. The so many sad stories I hear about our women being raped, abused sexually," The President said. About Filipino domestic helpers, he said: "If you are working on a family and the employer's sibling doesn't have a helper, you will also work for them. And if in a compound,the son-in-law of the employer is also living in there, you will also work for him.So, they would finish their work on sunrise." He even refer to the OFWs being similar to the African slaves because of the situation that they have been into for the sake of their families back home. Citing instances that some of them, out of deep despair, resorted to ending their own lives. The President also said that he finds it heartbreaking to know that after all the sacrifices of the OFWs working abroad for the future of their families they would come home just to learn that their children has been into illegal drugs. "I made no bones about my hatred. I said, 'If you do drugs in my city, if you destroy our daughters and sons, I'll just have to kill you.' I repeated the same warning when i became president," he said. Critics of the so-called violent war on drugs under President Duterte's administration includes local and international human rights groups, linking the campaign on thousands of drug-related killings. Police figures show that legitimate police operations have led to over 2,600 deaths of individuals involved in drugs since the war on drugs began. However, the war on drugs has been evident that the extent of drug menace should be taken seriously. The drug personalities includes high ranking officials and they thrive in the expense of our own children,if not being into drugs, being victimized by drug related crimes. The campaign on illegal drugs has somehow made a statement among the drug pushers and addicts. If the common citizen fear walking on the streets at night worrying about the drug addicts lurking in the dark, now they can walk peacefully while the drug addicts hide in fear that the police authorities might get them. Source:GMA {INSERT ALL PARAGRAPHS HERE {EMBED 3 FB PAGES POST FROM JBSOLIS/THOUGHTSKOTO/PEBA HERE OR INSERT 3 LINKS} ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS The OFWs are the reason why President Rodrigo Duterte is pushing through with the campaign on illegal drugs, acknowledging their hardships and sacrifices. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS A wife of an OFW asked OWWA about what sort of business she can start as a spouse of an OFW who is an active member. Samantha Natividad said that her husband is an OFW for a long time and she wants to start a business to help her husband as their children are growing up as well as their expenses.As a helpful information for other OFW spouses who also want to help their OFW partners, we made this info graphics regarding this topic. ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS
In order to have a successful loan application, you need to consider the above-mentioned points to make sure that you would get the approval for your loan.
Sources: Smart Asset, Loan Solutions




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