Description
A program that will provide opportunities for OFWs to engage in business as alternative to overseas employment
Eligible Borrowers
OFWs certified by OWWA on membership and capacity building program attended
Eligible Projects
Viable projects that will generate a net income of at least equal to the poverty threshold set by NEDA.
Loan Purpose
Working Capital
Fixed Asset Acquisition
Amount of Loan
Minimum of P300,000
Maximum of P 2 Million
Term of Loan
Based on cash flow but not to exceed 7 years (inclusive of 2 years grace period)
Loan Security
REM
Chattel on Machinery & equipment
Hold-out on deposit
Deed of Assignment on inventory & receivable
SOURCE
.jpg)
No comments:
Post a Comment