Internet Philippines.Com

Pinoy forum and online news directory. Providing help to Filipinos here and abroad.

OWWA Loan Requirements

OWWA Loan and Reintegration Program

OWWA Loan and Reintegration Program

Google Advertisements


So what are the different OWWA loan requirements for OFW? How may a member avail of the said loan which may either be an economic or psycho-social components contained in the OWWA reintegration program? What is the OWWA-NLSF Livelihood Development Program?

Please note that this loan is open to all OWWA members (OFWs) and family members for as long as they can comply with the qualifications and requirements.

(source: owwa.gov.ph)

1. Collateral Loan Window

* Individuals or Partnerships with less than five (5) members are entitled to a maximum of P 200,000.00 each member
* Service Fee = Four percent (4%)
* Facilitation Fee = Three percent (3%)
* Total interest rate per annum plus fees not to exceed 16%

OWWA Loan for Libya Workers

OWWA Loan for Libya Workers

Loan Requirements

For Individual Borrowers

1. Proof of OWWA Contribution (passport with POEA-LAC stamp, information sheet from OWWA, POEA-attested Employment Certificate, or E-card)
2. Business Plan / Project Feasibility Study
3. Financial Statement in case of existing business
4. Business permit / license (pre-release condition)
5. Collateral papers (REM or chattel mortgage)

Additional Requirements if availee is an immediate family member:
1. Marriage Contract and consent (for married borrowers)
2. Birth Certificate and authorization (for single OFWs)

For Group Borrowers

1. Proof of OWWA Contribution at least among officers
2. Business Plan
3. Financial Statement in case of existing business
4. Collateral Papers / Ownership Titles
5. Promissory Note for Non-collateral Loan Window
6. Registration with Securities and Exchange Commission (SEC) for partnerships & corporations; Cooperative Development Authority (CDA) for cooperatives; and Department of Labor and Employment (DOLE) for associations.
7. Basic organizational instruments:
– 7.1 Articles of Incorporation for corporations
– 7.2 Ratified group By-Laws or Mutually Agreed Term for partnerships
– 7.3 Articles of Incorporation for cooperatives
– 7.4 Constitution and By-laws for associations
8. Board resolution or group/partnership resolution specifying intent to undertake a group/partnership project or expand a group/partnership project using capital to be borrowed from the OWWA-NLSF-LDPO

We strongly suggest that you also read our post regarding OFW and Seaman’s Loan.

Tags: , , , ,

55 Responses to “OWWA Loan Requirements”

  • grace aquino says:

    Hi good day,
    I would like to inquire on how to avail an ofw loan, individual actually.
    This is grace,

    Thank you…

  • Rolando Pesarit says:

    ofw po ako (seaman) kapwa ko ofw
    Nasubukan niyo nb mkpag carloan ( PUV, Vans) paano at ano ang initial steps. Thanks

1 7 8 9


Google Advertisements

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


BSP Exchange Rate Today:

Google Advertisements: