Wednesday, May 27, 2009
OWWA 7 is offering loans to displaced OFWs
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CEBU CITY - The Region 7 office of the Overseas Workers Welfare Administration (OWWA) 7 is offering loans for displaced overseas Filipino workers (OFWs) who need start-up capital for their business ventures.
Ma. Benidez Dayo, OWWA 7 Information Officer, said that the OWWA 7 is offering loans of up to P50,000 loans to the workers displaced by the global financial crisis.
Dayo said that as of Feb. 6, the regional office of OWWA 7 has registered 281 overseas displaced workers, and most of them were deployed in Taiwan.
"Based on our records and the records of Philippine Overseas Employment Agency (POEA) 7 most displaced workers came from Taiwan because most of them were previously working in electronics companies, which were badly hit by the economic crisis," she said.
Dayo also said that aside from the loan which is payable in two years and which has no collateral, OWWA 7 is also offering free scholarships to the displaced workers who can meet the requirements.
"We are offering vocational scholarships to interested displaced workers," she said.
She said that each scholarship grant amounts to P14.500, which will be used as tuition fee, among others.
Dayo said that OWWA 7 scholars can choose any vocational course they want to enroll in and they can choose any school as long as it is accredited by the Technical Education Skills and Development Authority (TESDA).
Ma. Benidez Dayo, OWWA 7 Information Officer, said that the OWWA 7 is offering loans of up to P50,000 loans to the workers displaced by the global financial crisis.
Dayo said that as of Feb. 6, the regional office of OWWA 7 has registered 281 overseas displaced workers, and most of them were deployed in Taiwan.
"Based on our records and the records of Philippine Overseas Employment Agency (POEA) 7 most displaced workers came from Taiwan because most of them were previously working in electronics companies, which were badly hit by the economic crisis," she said.
Dayo also said that aside from the loan which is payable in two years and which has no collateral, OWWA 7 is also offering free scholarships to the displaced workers who can meet the requirements.
"We are offering vocational scholarships to interested displaced workers," she said.
She said that each scholarship grant amounts to P14.500, which will be used as tuition fee, among others.
Dayo said that OWWA 7 scholars can choose any vocational course they want to enroll in and they can choose any school as long as it is accredited by the Technical Education Skills and Development Authority (TESDA).
Labels: OWWA, philippine news online, TESDA, vocational scholarships
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