We overheard that returning OFW's and their families can now avail of livelihood loans.
These loan assistance ranges from 100k to 2million pesos.
This was announced by Silvestre H. Bello III
This is a joint undertaking and addresses one of the eight point labor and employment agenda.
The OWF-Enterprise Development and Loan Program(OFW-EDLP) is implimented in partnership with landbank.
The loanable amount has an interest rate of 7.5 percent per annum for the duration of the loan.
The amount approved can be used as a working capital or for acquisition of fixed assets.