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Thursday, May 18, 2017

Enterprise Development and Loan Program - OFW LOAN OF UP TO 2 MILLION PESOS




The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.


Are you interested on availing OWWA loans? The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP).
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.
It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community.

 The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.



The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000.

Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.

 Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector.




HERE ARE THE DETAILS OF THE LOAN PROGRAM
Who are Eligible for a Loan:
  • An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT).
  • OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul):
    • If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment.
    • If married, by the legal spouse
  • If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age).
  • OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application.
  • Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program.
  • Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.
What are the Eligible Projects/Businesses?

  • Franchising Business
  • Contract tie-up with top 1000 corporations
  • Agri- and non-agri production/manufacturing with identified market linkage and raw material sources
  • Construction/rental business
  • Service/trading business
  • Transport service
  • Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.


 Project Cost Sharing

  • Borrower's Equity is at least 20% of the Total Project Cost.
  • Maximum Loanable Amount is limited to 80% of the Total Project Cost.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.

Loan Security/Collateral 
The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as:

  • Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or
  • Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.)
Here are the Steps To Availing an OFW-EDLP Loan:

STEP 1.
Verification of OWWA Registration
  • For OFWs still outside the Philippines
    • Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program
    • The Welfare Officer will verify your registration in OWWA as an OFW
    • Upon verification, the Welfare Officer in the Embassy will refer  the OFW to an OWWA office in the Philippines.
    • Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification
    • This certification will be presented to Landbank.
  • For OFWs already in the Philippines
    • Visit the nearest OWWA office to verify your eligibility to the program
    • If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.

STEP 2.
Enterprise Development Training
  • An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank
  • The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.


STEP 3.
Preparation of Business Plan and other requirements
  • OWWA certification that the borrower is a bonafide overseas worker and has completed EDT
  • Two valid IDs with signature
  • Duly filled-out Application Form
  • Statement of Assets and Liabilities
  • Barangay Certification of residency 
  • Proof of Billing address
  • Sketch of place of residence
  • A business plan on the specific project or business
  • If OFW has existing business prior to loan:
    • Contract Growing Agreement, Purchase Order or Service Contract
    • Certificate of Registration with DTI
    • Mayor's permit
    • Income tax return (last 3 years)
    • Financial statements (last 3 years, BIR-filed)
    • Latest Interim Financial Statement, if applicable
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.


STEP 4.
Submission of Processing Requirements, Review and Inspection
  •  Submit your business plan and other requirements to Landbank for review.
  • Inspection of your business (if already existing) will  be done.
  • Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements.
The OFW-EDLP is an enterprise development interventions and loan facility of the Overseas Workers Welfare Administration (OWWA) in partnership with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). It is a two-component package: Enterprise Development Interventions and Loan Facility. The EDT will empower the OFW on how to manage a business. It will also be the best opportunity to ask questions about the business loan. The aim is to help OFWs and their families in the establishment of viable business enterprises that will provide them with steady income as well as create employment opportunities in their community. The loanable amount for qualified individual borrowers is from Php 100,000.00 up to a maximum of P2 million. For group borrowers, they can borrow up to a maximum of P5 million. The loanable amount carries a fixed interest rate of 7.5 percent per annum for the duration of the loan. It can be used either as working capital or for acquisition of fixed assets needed for business operations. The program requires that the proposed project should have a ready market and should generate a monthly income of at least P10,000. Borrowers can choose a short-term loan, which can be paid within a year, or a long-term loan which is payable based on the cash flow but not to exceed seven years, inclusive of the maximum two-year grace period on the capital. Through DTI’s assistance, OFWs will have access to training and technical support in starting an enterprise, as well as opportunities to attend special events, such as conferences, exhibitions, symposium, caravans, and other promotional activities initiated by DTI and the private sector. HERE ARE THE DETAILS OF THE LOAN PROGRAM Who are Eligible for a Loan: An OFW who is a certified OWWA Member, active or non-active, and has completed the Enhanced Entrepreneurial Development Training(EEDT). OFWs working abroad may be represented by the following (with Special Power of Attorney, authenticated by the consul): If single, widow or widower; or separated-in-fact, by Parents who are not more than sixty (60) years old upon maturity of loan, or by children who are at least eighteen (18) years old at the time of loan availment. If married, by the legal spouse If the OFW or his/her Attorney-in-fact is more than 60 years old upon loan maturity, a co-maker of the loan shall be required. The co-maker may be the sibling or the children (of legal age). OFW returnees may avail of the loan program within three (3) years from the date of arrival to the Philippines, except on cases where the OFW-applicant has an on-going business prior to the time of application. Only one (1) OFW per family, within the first degree of consanguinity or affinity (parent, spouse, child), shall be eligible to apply under the program. Group of OFWs who formed themselves into business entity, either as partnerships, corporations or cooperatives, and has at least 3 years track record of profitable operations, provided that all partners/stockholders/directors/ officers/ members are OFWs who have been certified as OWWA Members and have completed the EEDT. What are the Eligible Projects/Businesses? Franchising Business Contract tie-up with top 1000 corporations Agri- and non-agri production/manufacturing with identified market linkage and raw material sources Construction/rental business Service/trading business Transport service Other viable project, existing or new, that should generate a net cash flow sufficient to pay the projected amortization of the loan Project Cost Sharing Borrower's Equity is at least 20% of the Total Project Cost. Maximum Loanable Amount is limited to 80% of the Total Project Cost. Loan Security/Collateral The object of financing shall be required as loan security, as well as other documents as may be required by LBP/DBP in relation to business approval, such as: Torrens Certificate of Title (TCT), Condominium Certificate of Title (CCT), Tax Declaration (TD) and plans on mortgageable assets of the borrower; or Any loan security acceptable to the bank (OR/CR for Chattel Mortgage, Lease Rental Contract, Receivables, other Contract Agreements for the execution of the Deed of Assignment, Purchase Order, etc.) Here are the Steps To Availing an OFW-EDLP Loan: STEP 1. Verification of OWWA Registration For OFWs still outside the Philippines Email the Welfare Officer of the Embassy that covers your country of work about the OFW Reintegration Program The Welfare Officer will verify your registration in OWWA as an OFW Upon verification, the Welfare Officer in the Embassy will refer the OFW to an OWWA office in the Philippines. Upon returning to the Philippines, the OFW must visit the OWWA office to get the certification This certification will be presented to Landbank. For OFWs already in the Philippines Visit the nearest OWWA office to verify your eligibility to the program If the OFW is eligible, a certification of membership will be issued, which will be presented to Landbank for assessment. STEP 2. Enterprise Development Training An eligible OFW will be advised to personally attend the Enterprise Development Training (EDT) conducted by OWWA, DTI and Landbank The OFW must present the certificate of attendance on the EDT to Landbank as part of the requirement. STEP 3. Preparation of Business Plan and other requirements OWWA certification that the borrower is a bonafide overseas worker and has completed EDT Two valid IDs with signature Duly filled-out Application Form Statement of Assets and Liabilities Barangay Certification of residency Proof of Billing address Sketch of place of residence A business plan on the specific project or business If OFW has existing business prior to loan: Contract Growing Agreement, Purchase Order or Service Contract Certificate of Registration with DTI Mayor's permit Income tax return (last 3 years) Financial statements (last 3 years, BIR-filed) Latest Interim Financial Statement, if applicable STEP 4. Submission of Processing Requirements, Review and Inspection Submit your business plan and other requirements to Landbank for review. Inspection of your business (if already existing) will be done. Loan evaluation, packaging, and approval shall be completed within 45 working days upon receipt of complete loan requirements. STEP 5. Approval of Loan If approved, Landbank will release the fund to the OFW.


STEP 5.
Approval of Loan
  • If approved, Landbank will release the fund to the OFW.


 source: PIA, OWWA, DOLE

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