The government has set aside a total of P2 billion for a program aimed at helping returning overseas Filipino workers (OFW) set up their own businesses in the country.
The 2 Billion Pesos Reintegration Program, launched on Tuesday at the first National Congress of OFWs and Families, is a joint venture of the Department of Labor and Employment (DOLE), Overseas Workers Welfare Administration (OWWA), Land Bank of the Philippines (LBP) and the Development Bank of the Philippines.
“The program offers different enterprises flexible and easy loan term payments for its OFW availees,” OWWA said in a statement.
The state agency added that the loan program is in support of the president’s desire to give sustainable business to the OFWs and their families.
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