OFW Cash Loan

Sa mga paalis ng Pilipinas para magtrabaho abroad at gustong may maiwanang pera sa pamilya, mayroon pong offer na OFW Cash Loan ang isang lending company na kung saan ay maaari kayong makapag loan ng hanggang 200% ng inyong sahod base sa inyong pinirmahang kontrata. Nakalista po sa ibaba ang mga qualifications, documentary requirements na kailangang ninyong isubmit, at iba pang detalye tungkol sa nasabing OFW Cash Loan.  

Basic Qualification Requirements:

• Must be Filipino Citizen
• Between the age of 21 to 59 years old upon loan maturity. 60 years old and above must possess Special Power of Attorney
• Must be scheduled for deployment abroad
• With legitimate contact numbers 
• Documented source of income
• With available co-borrower (must be immediate family member)

Documentary Requirements to be submitted:

1. Completely filled up application form
2. POEA validated latest contract
3. Overseas Employment Certificate
4. Valid Passport
5. E-Ticket
6. Visa
7. 2 valid primary IDs (government issued ID's)
8. Water or electric bill - (doesn't have to be under borrower's name but must have same address as 2 valid primary IDs
9. (if Balik Manggagawa) provide all BM docs

Co-maker Requirements:

- Must be immediate family member (husband, wife, parent)
- Latest original electric or water bill if not living under the same house with OFW applicant
- 2 valid primary I.D.'s 

Maximum Loan Amount: As much as 200% of basic salary specified on your contract

Loan Term: 3 months to 12 months

Percent Interest: 5% monthly interest

Loan Processing Time: 5 to 7 days

Mode of Payment: PDC (Post Dated Checque). Once your loan gets approved, their company will give you referral to one of their accredited banks so you can easily apply for a checking account.

If you are interested in the OFW Cash Loan they offer, you can CALL NOW!!! Their mobile numbers are 0915-592-9654 for GLOBE subscribers and 0949-857-2250 for SMART. You may also email them or send your requirements via email to maricarlapuz@gmail.com. 

OWWA OFW-Dependents Scholarship Program (OFWDSP)

OWWA or Overseas Workers Welfare Administration provides the OFWs or their Beneficiaries, the opportunity to acquire vocational, technical or specialized skills through the OFWDSP or OFW-Dependents Scholarship Program. The OFW-Dependents Scholarship Program offers financial assistance to qualified dependents of OFWs who are earning a monthly salary of not more than US$400.00 and who shall enroll in any four-year or five-year baccalaureate course or associate course leading to a baccalaureate degree or associate degree in a state college or university. OFW-Dependent Scholarship Program is being implemented nationwide with each province, including the National Capital Region (NCR), given automatic scholarship slots.

TESDA Accredited Training Centers Nationwide

TESDA or Technical Education and Skills Development Authority began through the enactment of Republic Act No. 7796 also known as the Technical Education and Skills Development Act of 1994. This Republic Act was signed into law by then President Fidel V. Ramos on August 25, 1994. This Republic Act otherwise known as the TESDA Act aims to encourage the total participation and mobilization of the industry, labor, local government units and technical-vocational institutions in the skills development of the country's human resources through various TESDA Accredited Training Centers Nationwide.

As a whole, TESDA puts together the manpower and skills plans, devise appropriate skills standards and tests through various TESDA accredited training centers nationwide. TESDA also coordinates and monitors manpower policies and programs, and provides policy directions and guidelines for resource allocation for the TVET institutions in both the private and public sectors. To view all the TESDA Accredited Training Centers Nationwide, just visit their website at www.tesda.gov.ph or leave your Email address at the comment section at the end of this article and we will furnish you with all the TESDA Accredited Training Centers Nationwide.

The POEA

The POEA or Philippine Overseas Employment Administration is a branch of the Philippine Government that acts as a one stop service for Overseas Filipino Workers. At present, the Philippine Government has an employment-driven emigration policy that highlights temporary labor migration, worker protection and maximizing the development impact of remittances. And to implement its activities, the POEA receives funding from the Department of Budget and Management, in addition to raising its own funds. Currently, the POEA remains one of the top revenue earners for the Philippine Government.

The POEA is the one who implements Philippine migration policies, monitors the departure of migrant workers, educates potential migrants (both land-based and seafarers) on their rights and the possible dangers (in particular, human trafficking), and provides pre-employment orientation in cooperation with local government units and legal assistance to OFWs.

In addition, the POEA regulates private Philippines-based recruitment agencies, through a licensing system, to enter into legally enforceable work contracts in behalf of workers seeking employment abroad. The POEA approves these contracts, monitors malpractices and prosecutes violators of Philippine recruitment standards.

As a requirement of the POEA processing of applications, an OWWA membership fee has to be paid. This fee can be charged to the employer of the OFW. Migrant workers pay an application fee of US$ 25 and are required to sign-up for medical insurance, costing 900 pesos and which provides coverage for up to one year. Migrants then receive pre-departure training on social and working conditions abroad. Incentives are provided for migrants who return, including loans for business capital at preferential rates and eligibility for subsidized scholarships.

For a more detailed info, visit the website of the International Labor Organization at www.ilo.org or click HERE.