More good news for overseas Filipino workers (OFWs)!
The Overseas Workers Welfare Administration (OWWA) recently allocated Php300 million to finance various livelihood programs by OFW organizations.
The agency launched Tulong Pangkabuhayan sa Pag-Unlad ng Samahang-OFWs (Tulong Puso), a program that aims to provide assistance to OFWs through accredited OFW organizations to ensure that the best outcomes.
According to OWWA, the Tulong Puso program provides OFWs with the tools and equipment needed to start or revive a business or enterprise. Coursed through accredited OFW organizations, the program aims to ‘encourage’ them to become more than just social media groups but to expand to community-based ventures.
“The livelihood assistance is a one-time grant that ranges from P250,000 to P1 million relative to the requirements of the business project, and the number of members of the OFW organization applying for the grant,” revealed OWWA Administrator Hans Cacdac.
He added, “We will be conducting enterprise development training and other social preparation interventions to equip the OFW groups with the right knowledge and skills to ensure the success of their chosen livelihood projects.”
To ensure that the OFWs will use the grant for a livelihood project, OWWA partnered with the Department of Trade and Industry (DTI) and the Department of Agriculture (DA).
Not all OFW groups can avail of this program. They must first be registered and accredited by the Securities and Exchange Commission (SEC), the Department of Labor and Employment (DOLE), or the Cooperative Development Authority (CDA).
According to Cacdac, interested applicants can send their project proposal and documentary requirements to OWWA’s regional offices across the Philippines.
What are the Requirements?
- business project proposal
- sketch of project site
- business permit issued by local government unit
- board resolution designating a business manager authorized to file a notarized application for Tulong Puso program
- copy of DOLE/SEC/CDA registration
- certificate of entrepreneurship development training (for start-up/formation)
- organizational profile with individual personal information
