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Bacolod City, Philippines Wednesday, October 14, 2015
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OFWs get assistance
to start businesses

A seminar on entrepreneurship and business planning for Overseas Filipino Workers and their dependents in Negros Occidental was conducted at the Negosyo Center in Bacolod City yesterday.

Romel Amihan, DTI Senior Trade and Industry Development Specialist, said this was part of a regular program of the Department of Trade and Industry in coordination with the Overseas Workers Welfare Administration.

This takes place every other Tuesday as part of OWWA's social reintegration program to help OFWs start their own businesses or sustain their existing ones, Amihan said.

This is an alternative source of livelihood if they opt not to work abroad, he said.

The OFWs can create a business plan they can submit to Landbank, that will evaluate and see if the business is viable, he said. If it is, the OFWs will be given seed capital that ranges from P300,000 to P3 million, payable in seven years at 7.5 percent interest with a diminishing balance, he added.*KDP

 

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OFWs get assistance to start businesses