Housing loan pwede ba sa OWWA? | Bandera

Housing loan pwede ba sa OWWA?

Liza Soriano |June 08,2019
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Housing loan pwede ba sa OWWA?

Liza Soriano - June 08, 2019 - 12:15 AM

MAGANDANG araw po sa Aksyon Line. Ako po ay Princess Beth Reyes graduate po ako ng midwife dyan sa atin sa Pilipinas pero ngayon ay nagtatrabaho dito po sa Dubai bilang baby sitter.

Dalaga pa po ako pero malapit na rin mag-asawa pagdating ko po sa Pilipinas next year pero dahil mabait naman ang amo ko ay gusto ko pa rin po na bumalik dito.

Gusto ko po sana na itanong sa OWWA kung maari po ako makapag-avail ng loan para naman pag nag asawa na ako ay may sariling bahay na kami ng mister ko.
Nag-usap naman po kami na tutulungan niya ako sa pagbabayad.
Kung wala pong housing loan, ano po ang loan na pwede kung ma-avail?
Sana po ay matulu-ngan ako ng OWWA at masagot ang aking katanungan. Salamat po.
Princess Beth Reyes

REPLY: Hindi ginagamit ang loan sa OWWA sa pagpapatayo ng bahay dahil sa business loan sa ilalim ng reintegration program na itinataguyod nito.

Narito ang iba pang detalye:
Overseas Filipino Workers – Enterprise Development and Loan Program (OFW-EDLP), formerly known as OFW-Reintegration Program (ORP), is an enterprise development intervention and loan facility of OWWA, in partnership with Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) intended to support enterprise development among OFWs and their families.

(FOR NCR Members, there will be an orientation on EDLP, Mondays to Fridays, at 2:00PM. Please call 834-07-19 for more details.)

Eligible borrowers:

OFW who is a certified OWWA member, active or non-active

Has completed Enhanced Entrepreneurial Development Training (EEDT)

OFWs working abroad, or about to leave may be presented by the following:

–If OFW is married, by the legal spouse

–If OFW is single, widow, widower, or separated-in-fact:

Parents not more than sixty (60) years old

Children who are at least eighteen (18) years old

Eligible Projects:

Franchising business

Contract tie-up with top 1000 corporations;

Agri and non-agri production/manufacturing

Construction/rental business

Service/trading business

Transport service

Any viable project whether existing or new

The enterprise should generate a cash flow sufficient to pay the projected amortization of the loan

Interest Rate: 7.5% per annum for the entire duration of the loan

Loan Purpose: Working Capital and Fixed Asset Acquisition

Project Cost-Sharing: Borrower’s Equity: minimum of 20% of the Total Project Cost (TPC)

Loan Amount: The loan amount shall depend on project needs and amount of equity participation of the borrower:

A. For Individual Loan Borrowers (single proprietorship)

a. Minimum – P100,000.

b. Maximum – P2,000,000.

B. For Group Loan Borrowers (partnerships, corporations, cooperatives)

a. Minimum- P100,000.

b. Maximum – P5,000,000.

Loan Repayment:

–Short-Term- max of one (1) year;

–Term Loan: based on cash flow but not to exceed 7 years, inclusive of maximum of 2 years grace period

Loan Security/Collateral:

–Object of financing

–Mortgageable project assets (machines or equipment) and other assets of the borrower

Availment Process:

–Interested OFWs submit business plans and are advised to undergo EDT seminar at OWWA regional offices. The seminar will orient them on financial and business management, on various business and income-generating livelihood undertakings, and other pertinent information they need in setting up and sustaining an enterprise.

–Loan applications are endorsed to Land Bank for evaluation and processing based on the criteria set by Land Bank (borrower’s credit worthiness and project viability).

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– Loan evaluation, packaging and approval shall be completed within 45 working days upon receipt of complete loan requirements.
OWWA OP CENTER
TEXT- (0917) TXT OWWA
OR
(0917) 898-6992
Trunk line- 8917601-24 local 5516/5517
Fax Number- (+632) 804-06-38
Email- [email protected]
Website- www.owwa.gov.ph

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