OFWs are our Modern Day Heroes. They sacrifice to work abroad just to give a better life for their family in the Philippines. And as a contingency plan, they save up money to start businesses when they go home.
This process is now made easier thanks to the Overseas Workers Welfare Administration (OWWA). OWWA has allocated P300 Million to finance livelihood programs of OFW organizations.
Dubbed as “Tulong Pangkabuhayan sa Pag-Unlad ng Samahang-OFWs, or Tulong PUSO program”. It allows your OFW organization to finance your raw materials, equipment, tools and jigs, and other support services to start or restore their enterprises.
OWWA aims to turn your organization from just an avenue for social connection to a full-pledged community-based business endeavor.
“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,” OWWA Administrator Hans Cacdac said.
OWWA partners with DTI (Department of Trade and Industry) and DA (Department of Agriculture) to provide technical aid for those availing the program.
“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,” Cacdac said.
How to Apply
If you or your organization is interested in applying, you just need the following:
- Certificate of entrepreneurship development training (for start-up/formation)
- Copy of DOLE/SEC/CDA registration,
- Organizational profile with individual personal information;
- Business permit issued by the local government unit;
- Business project (indicating or showing proponent capacity to put up an equity equivalent to at least 20 percent of the total project cost) and
- Sketch of the project site; and
- Board resolution designating a business manager (on behalf of the group/organization) authorized to file a notarized application for Tulong Puso program.
You can then submit the proposal with the documentary requirements to OWWA’s 17 Regional Welfare Offices. Cheers to the start of a better future!