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Showing posts with label OFW LOAN. Show all posts
Showing posts with label OFW LOAN. Show all posts

Monday, August 27, 2018

Where to Apply for A Personal Loan If You're a Sea-based or Land-based OFW?






In spite of earning big while working abroad, there are times that Overseas Filipino Workers (OFWs) fall short financially due to the many expenses they need to paid or provide for family back home. With Personal Loan from different banks in the Philippines, OFWs may have additional support for the financial needs of the family aside from their monthly salary.



In spite of earning big while working abroad, there are times that Overseas Filipino Workers (OFWs) fall short financially due to the many expenses they need to paid or provide for family back home. With Personal Loan from different banks in the Philippines, OFWs may have additional support for the financial needs of the family aside from their monthly salary. OFW's personal loan may serve many purposes in life. It is a big help if you are doing some upgrades or home renovation. You can also use the money to pay for your children's tuition or education. Other's apply personal loan for a family's dream vacation or for a medical emergency. Whatever your purpose in applying, here are five best bank in the Philippines that offers a personal loan for OFWs including seafarers. 1. BDO OFWs can apply for BDO personal loan thru its Asenso Kabayan Program. Qualifications: At least 25 years old but not more than 65 years old upon the maturity of the loan At least 2 years employed abroad for skilled workers (3 years for domestic helpers/seaman/unskilled workers) Gross monthly income must be P20,000 or its US$ equivalent Loanable Amount — P10,000 Loan Term: Minimum of 6 months Maximum of 36 months Requirements: Photocopy of the latest BIR Form 2316 Original Certificate of Employment and Income (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensation Photocopy of last full month payslip Photocopy of at least two (2) valid IDs How to Apply: You may submit your application at any of BDO branches nationwide. For OFWs abroad, you may download the forms from bdo.com.ph 2. Bank of the Philippine Island (BPI) If you are an OFW, BPI has a Personal Loan for you! Qualification: Must be 21 years old and above to apply and not more than 60 years old upon loan maturity Working abroad for at least two years and earning a minimum of P30,000 per month Loanable Amount — P20,000 to P2 million Loan Term: Minimum of 12 months Maximum of 36 months Requirements: 1. Two (2) valid government-issued photo-bearing IDs 2. Proof of income documents: Agency-based: - Latest and unexpired signed POEA contract; OR - Employment contract with boarding date For Direct Hire - Latest 3 months Proof of remittance - Latest and Unexpired POEA Validated Information Sheet; OR - Latest POEA Overseas Employment Certificate (OEC) AND latest Employment Contract (In lieu of OEC print-out: OEC Exemption Screenshot with OEC BM Online Profile); OR - Consularized COE (If remitter is a permanent resident in the country) How to Apply Completely fill out the application form Scan and email your documents to personal_loan@bpi.com.ph Wait for the email verification that the bank receives your application

OFW's personal loan may serve many purposes in life. It is a big help if you are doing some upgrades or home renovation. You can also use the money to pay for your children's tuition or education. Other's apply personal loan for a family's dream vacation or for a medical emergency.



Whatever your purpose in applying, Banco de Oro (BDO) and Bank of the Philippine Island (BPI) offers a personal loan for OFWs, including seafarers!

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1. BDO

OFWs can apply for BDO personal loan thru its Asenso Kabayan Program.



Qualifications:

  • At least 25 years old but not more than 65 years old upon the maturity of the loan
  • At least 2 years employed abroad for skilled workers (3 years for domestic helpers/seaman/unskilled workers)
  • Gross monthly income must be P20,000 or its US$ equivalent



Loan Term:
  • Minimum of 6 months
  • Maximum of 36 months


  • Photocopy of the latest BIR Form 2316
  • Original Certificate of Employment and Income (COEI) issued in the last three (3) months indicating status, length of service and breakdown of compensation
  • Photocopy of last full month payslip
  • Photocopy of at least two (2) valid IDs

How to Apply:



You may submit your application at any of BDO branches nationwide.

For OFWs abroad, you may download the forms from  bdo.com.ph

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2. Bank of the Philippine Island (BPI)



If you are an OFW, BPI has a Personal Loan for you!



Qualification:

  • Must be 21 years old and above to apply and not more than 60 years old upon loan maturity
  • Working abroad for at least two years and earning a minimum of P30,000 per month

Loanable Amount — P20,000 to P2 million


  • Minimum of 12 months
  • Maximum of 36 months
Requirements:
  • Two (2) valid government-issued photo-bearing IDs 
  • Proof of income documents: 
Agency-based: 
— Latest and unexpired signed POEA contract; OR
— Employment contract with boarding date 

For Direct Hire
—Latest 3 months Proof of remittance 
—Latest and Unexpired POEA Validated Information Sheet; OR 
—Latest POEA Overseas Employment Certificate (OEC) AND latest Employment Contract
(In lieu of OEC print-out: OEC Exemption Screenshot with OEC BM Online Profile); OR
—Consularized COE (If remitter is a permanent resident in the country)


 How to Apply

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This article is filed under personal loan, OFW loan, banks loan, saving account, financial needs, best bank, home loan, car loan, salary loan and loan.

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Thursday, August 16, 2018

Where to Apply for Best Housing, Car, Business and Personal Loan for OFWs



A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. 

 So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph.
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million

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BDO Auto Loan — Best Car Loan for OFWs
  • Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum
  • Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price
  • Loan Term — Payable in two to six years!
Read: PNB Auto Loan for OFWs in Hong Kong & Saudi Arabia

 Who can Apply?
  • At least 21 years old but not exceeding age 70 at the end of the loan term
  • Two years of residence in the Philippines or longer
  • Minimum monthly gross family income: P50,000
  • Two to three years of stable employment abroad

Requirements:
  • Completely filled out loan application form
  • One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.)
Any of the following income documents:
  • Latest three-month payslips or consularized certificate of employment with income
  • Proof of remittance for the past three months
  • Latest Crew Contract for seafarers
How to Apply for a BDO Auto Loan
An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf.
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million
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Pag-IBIG Housing Loan — Best Housing Loan for OFWs

  • Interest Rate — A maximum annual rate of 10% for a-30 year loan period
  • Term Payment — Up to 30 years

For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution.


Requirements:
  • Proof of Income:Employment contract, Original employer’s certificate of income, other proofs of income 
  • Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment 
  • Health Statement form for OFWs over 60 years old
Read: Metrobank Home Loan for OFWs
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 millionRead: Household Workers Can Now Avail Of Pag-ibig Housing Loan


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SSS Salary Loan — Best Personal Loan for OFWs
  • Interest rate — 10% annual interest rate
  • Loanable amount — equivalent to your average monthly salary or twice the amount
  • Terms of Payment — 24 months
Read: How To Apply For SSS Salary Loan

 BDO Kabayan Personal Loan for OFWs
  • Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan
  • Terms of Payment — Up to 36 months
Read: All You Need To Know About OFW and Personal Loan
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million


OWWA Loan — Best OFW Loan for Starting a Business
  • Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program
  • Loanable Amount — P100,000 to P2 million
WATCH:How to Apply for OFW-EDLP Loan from P100K to P2 Million?
A house, a car and a small business for a family back home is OFW's dream to have while working abroad. No doubt Overseas Filipino Workers (OFWs) are earning big for working in foreign countries but sometimes their savings is not enough when acquiring a house, a car or to start a small business for their family back home. This is the reason why OFW Loan is created to help and support OFWs in their financial needs. So if you are planning to apply for a housing loan, car loan or personal loan, you may consider the following banks or agencies as they have the best options for OFWs based on interest rates, loanable amount and payment terms according to moneymax.ph. Best Bank for OFWs to Apply for A Car Loan — BDO Auto Loan Interest Rate — Low annual interest rate ranging from 4.75% to 6.80% per annum Loanable Amount — You can borrow from P100,000 up to 80% of car's purchase price. Loan Term — Payable in two to six years! Who can Apply? At least 21 years old but not exceeding age 70 at the end of the loan term Two years of residence in the Philippines or longer Minimum monthly gross family income: PHP 50,000 Two to three years of stable employment abroad Requirements: Completely filled out loan application form One valid ID (passport, OFW ID, OWWA ID, Seaman’s Book, etc.) Any of the following income documents: – Latest three-month payslips or consularized certificate of employment with income – Proof of remittance for the past three months – Latest Crew Contract for seafarers How to Apply for a BDO Auto Loan An OFW can apply for BDO auto loan by sending an online application. OFW's spouse living in the Philippine can apply for BDO auto loan in his behalf. Best Agencies for OFW to Apply for a Housing Loan — Pag-IBIG Housing Loan Interest Rate — A maximum annual rate of 10% for a-30 year loan period Term Payment — Up to 30 years For an OFW to apply for a housing loan in Pag-IBIG, he or she must be a Pag-IBIG member and has a contribution. Requirements: Proof of Income: – Employment contract – Original employer’s certificate of income – Other proofs of income Special Power of Attorney notarized before departure date or authenticated by the Philippine Embassy or Consulate in the country of employment Health Statement form for OFWs over 60 years old Best Agency for OFWs to Apply for a Personal Loan — SSS Salary Loan Best OFW Loan for Immediate Cash Needs: SSS Salary Loan Interest rate — 10% annual interest rate Loanable amount — equivalent to your average monthly salary or twice the amount Terms of Payment — 24 months BDO Kabayan Personal Loan for OFWs Interest rate — 17.06% to 17.08% interest for secured loan | 39.43% to 41.71% for unsecured loan Terms of Payment — Up to 36 months OWWA Loan — Best OFW LOan for Starting a Business Interest rate — Low annual interest rate of 7.5% under OFW-Enterprise Development and Loan Program Loanable Amount — P100,000 to P2 million
This article is filed under loans, salary loan, personal loan, car loan, housing loan, loan interest, best bank for loans, OFW loan, business loan, loan terms, and loan amount.

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No doubt, buying a brand new car is expensive. But have you ever heard a used car for sale from different banks or financial institutions? Yes, there are many inexpensive and high-quality cars you can choose from the banks. Just, for example, the following used cars below are from Buena Mano's BPI where you can choose a pre-owned vehicle to buy. You can choose from popular brands such as Ford, Kia, Hyundai, Toyota, Nissan, among others. So if you are looking for a personal service vehicle or for your growing business, you may consider buying from cars for sale from the bank. Pictures and information on this article are taken from the bank's website —buenamano.ph. Jbsolis.com is not affiliated nor connected with the bank. This post is for general purposes only. Any interested parties may directly contact the PS Bank.

 Saving money is a challenge especially if you are living from paycheck to paycheck! With the increasing prices of basic goods and services, saving money becomes a less priority nowadays. Some of us even look for a part-time or extra job to make ends meet. In spite of this, we should save money whatever it takes. Our savings is a big help in time of medical emergencies in the family. We can also use our savings to start a small business for an extra income! There are so many things we can do to grow our money if we have enough savings. But the common question nowadays is how to save amid increasing prices of almost everything you buy?

 Every Overseas Filipino Workers (OFWs) should save money for emergencies, retirement or for starting a new investment or small business for families to have a stable income at home. Saving money in the bank is very important to protect your money from thieves and from unwanted expenses. Aside from this, your money in the bank will grow with interest as the time goes by. We all know that working abroad is not forever and saving for the future is a must. If you are looking for a bank that will value your money, consider Metrobank's basic savings account that will ensure your money in an accessible way plus it will earn interest. You can track your balance through passbook and your foreign currency remittance is converted into Philippine pesos. No more hassle for your family to change money into local currency. OFW PESO Savings Account OFWs may choose what kind of deposit — passbook or ATM. Both can be applied with zero initial deposit as well as zero maintaining balance, provided there is at least one valid remittance transaction made to the account within a 12-month period. Balance to Earn Interest — P10,000 Interest Rate — 0.25% per annum OFW Savings Dollar Account This is passbook savings account with zero initial deposit and zero maintaining balance — provided that there is at least one valid remittance transaction made to the account within 12 month period. Your dollar account needs to have $500.00 to earn interest of 0.125% per annum. How to Open an OFW Savings Account in Metrobank? Just visit the nearest Metrobank branches in your area and present a one valid government ID! Metrobank's ATM can be accessed anytime and anywhere in the Philippines via BANCNET ATMs, or abroad via MAESTRO-CIRRUS ATMs. You can also manage your transaction through online banking or MetrobankDireck such as balance inquiry and bills payment.

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Tuesday, March 20, 2018

This OFW Was Able to Loan Up to P100,000 From OWWA! Here's Her Story



She is an Overseas Filipino Workers (OFW) from Barangay New Pangasinan in Isulan, Sultan Kudarat, Maria Gina Balagot Nesperos worked for four years in Taiwan as a caregiver in 1994.



In spite of having a good employer, Gina's dream is to be with her family in their hometown. At that time, constant communication with her husband and children is one of her problems especially in their barangay in Isulan.

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After four years of working, in 1998 they were able to save money to start their own business. Eventually, Gina decided to go back in the Philippines for good and to be with her family. With P20,000 as a capital, she and her husband start their Buy & Sell of Agricultural Products in their area. Just like any other business, it was difficult at first because they have limited capital and getting the trust of farmers in their community is not that easy. But eventually, their business prosper through hard work, patience, and dedication. After 10 years, the business grows and they were able to acquire vehicles and various equipment for their business.

After four years of working, in 1998 they were able to save money to start their own business. Eventually, Gina decided to go back in the Philippines for good and to be with her family. With P20,000 as a capital, she and her husband start their Buy & Sell of Agricultural Products in their area. 



Just like any other business, it was difficult at first because they have limited capital and getting the trust of farmers in their community is not that easy. But eventually, their business prosper through hard work, patience, and dedication. After 10 years, the business grows and they were able to acquire vehicles and various equipment for their business.

 Read: OWWA and Landbank Offers Loan for OFWs from P200K to P2M

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But the greatest challenge of their lives had come in 2010 when his husband got involved in a vehicular accident and suffered a mysterious disease that even doctors cannot diagnose. For his medication, their investment went one by one.



Month after month, Gina's prayer for the well being of his husband got answered but by this time, all their investment are gone. Because cannot get a personal loan, Gina asked assistance from Overseas Workers Welfare Administration (OWWA) and Land Bank of the Philippines in 2012 and applied to its 2B OFW Reintegration Program.











In 2013 her application was approved and she used the money to support their Buy & Sell Business that is still recovering. They used their loaned money from OWWA-LPB as working capital and to purchase another vehicle for delivery. The couple personally managed their business for the second time with prayer and hardship. 



According to the couple, OWWA and Land Bank served as an answered prayer for them. Both agencies continue to support and guide them. According to Samuel, without the support of these two agencies, all their efforts surely faded away.



Today, their business is still growing and considered to be the most promising business in the town. They were able to acquire almost seven vehicles, farmlands, a personal vehicle, a house, provide employment to at least five families and donate a huge amount of money to churches and various charitable institutions. 

They are also active members of OFW New Pangasinan Isulan Sector OFW Association, an award-winning OFC in region XII. They also sponsor various community outreach programs and provide scholarships to poor but deserving students in their community.







This article is filed under: OFW News, OFW Loan, OFW Loan from OWWA, OWWA



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