KIDAPAWAN CITY – The local government unit of this city has allotted funds for livelihood assistance to returning overseas Filipino workers (OFWs) who want to stay in the Philippines permanently.
The Public Employment Services Office (PESO), the lead unit tasked to assist OFWs, said an OFW can borrow from the city at least P100,000 worth of livelihood project.
The assistance can go as high as P2 million as long as the city LGU finds the OFW capable of paying his or her debt.
The project, jointly organized by the city LGU and the Overseas Workers Welfare Administration (OWWA) from Region 12, aims to help OFWs start a new life should they decide to stay in the country for good.
Aside from OWWA-12, City Mayor Joseph Evangelista has sought assistance from the Department of Trade and Industry (DTI) and Landbank of the Philippines to implement the project.
The assistance is part of OWWA’s Entrepreneurial Development Assistance Program.
Family members of returning OFWs can also avail of the loan, according to Evangelista. The loan, which would be paid at Landbank of the Philippines, has an annual interest rate of 7.5 percent. —Malu Cadelina Manar/KBK, GMA News