(PAGASA 24-HOUR PUBLIC WEATHER FORECAST as of Saturday, 22 June 2024) Southwest Monsoon affecting the western sections of Southern Luzon and Visayas. 𝗙𝗒π—₯π—˜π—–π—”π—¦π—§ π—ͺπ—˜π—”π—§π—›π—˜π—₯ π—–π—’π—‘π——π—œπ—§π—œπ—’π—‘: Butuan City, Agusan del Norte, Agusan del Sur, Dinagat Islands, Surigao del Norte and Surigao del Sur will experience partly cloudy to cloudy skies with isolated rainshowers or thunderstorms due to Localized Thunderstorms. Possible flash floods or landslides during severe thunderstorms. 𝗙𝗒π—₯π—˜π—–π—”π—¦π—§ π—ͺπ—œπ—‘π—— 𝗔𝗑𝗗 π—–π—’π—”π—¦π—§π—”π—Ÿ π—ͺπ—”π—§π—˜π—₯ π—–π—’π—‘π——π—œπ—§π—œπ—’π—‘: Light to moderate winds coming from Southeast to South will prevail with slight to moderate seas (0.6 to 2.1 meters).

Saturday, February 26, 2022

OWWA Caraga hosts 1st webinar on enterprise development, loan program for 2022

BUTUAN CITY -- In line with the objective of the Overseas Workers Welfare Administration (OWWA)'s Reintegration Program under its Social Services and Family Welfare Service, OWWA Regional Welfare Office-Caraga, in partnership with the Landbank of the Philippines (LBP), and Department of Trade and Industry (DTI)-Caraga, recently conducted a webinar on Enterprise Development and Loan Program (EDLP) via Zoom. 

Account office of LBP Agusan del Norte Rey Kenneth Isaac Correos discussed the Loan Features for the most part during the morning session followed by an afternoon session with the Trade and Development Specialist of DTI-SDS Jan Lehven Mantiza, who discussed the Business and Marketing Plan to the 79 participants of the webinar.  

The EDLP, which was formerly known as OFW – Reintegration Program (ORP), is intended for Filipino migrant workers who want to establish a business enterprise as they decide to stay for good in the Philippines. This program is an enterprise development intervention and loan facility by OWWA. This is a good option for OFWs who own a start-up business but do not have the necessary capital to expand or continue. 

Being its partner implementer of this program, the LBP provides the financing and facilitates the assessment of the applications. 

The qualified applicants can avail of a loan amount of PhP100,000 up to PhP2,000,000 maximum once the presented requirements passed the evaluation, which will be used for additional capital to any legal business type. This loan program is on a collateral basis, hence, to become an eligible borrower, the OFW must present legit proof of any asset. (OWWA-Caraga/PIA-Caraga)