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OWWA Loan Requirements

OWWA Loan and Reintegration Program

OWWA Loan and Reintegration Program

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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.

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52 Responses to “OWWA Loan Requirements”

  • RACHELLE ROSARIO says:

    I am a wife of an OFW i would like to avail this loan program ,
    Pls send me link or site where i can download information .

    best regards,
    Rachelle

  • Juby Trijo says:

    bakit po ang laki ng interest rate nyo?hindi naman po kayo banko pera po ng ofw ang pinauutang nyo,papano po kayo makakatulong nyan.

  • Rico says:

    Nadito po kami pareho ng asawa ko sa dubai at parehong may trabaho. 5yrs na ako at 2yrs naman ang asawa ko , tanong kolang po sana kung pwede kami makapag loan sa POLLO OWWA dubai uae kung sakali at ano anong requirments po . pls give me some idea poh. thanks.

  • Roger Castillo says:

    Paalala lng po n pera nming OFW ang gagamitin d2 kya nd nyo dpat tubuan ng malaki ung mga hihiram. Tandaan nyo wla kyong pera d2 puro pera ng myembro lhat, n nd nman nppkinabangan ng lhat ng OFW. ngbibigay nga ng loan kso phihirapan nyo nman ng husto hanggang mawalan k n lng dn ng gana n mgkaroon ng sariling negosyo. Im sure maipapasa ung batas pra iabolish itong OWWA at POEA? pra mawalan n kyo ng kita s mga OFW

  • june says:

    Dear Sir / Madam,

    Nabasa ko po lahat ng mga message nila na padala tungkul po sa pag avail ng loan at bakit po wala po atang mga reply o kasagutan ang mga sulat nila na pinapadala sa inyo para nmn sana malaman namin na kung anung dapat na gawin namin.oh nga pala bakit po may patong pa pag nag loan kami tama cla kc pera nmn namin yong hiniram namin sana po wala po kayong kinikilingan sa mga OFW na humihiram kaya nga lumapit kami sa inyo kc po sa sapat ang kinikita namin d2 sa abroad at yan lang alam namin na madiling naming malapitan tapos ganun pa pahirapan pa ninyo kami na maka avail ng loan paano po yong mga walang collateral na kagaya so wla ng pag asa po kami wawa namn..kami..tanong ko po hangang ilang libo po ba pinaka malaki na mahiram ng isang OFW dependi po sa income namin nako wawa nmn ako baka limang lobo lang ma loan ko pamasahi ko wla ng natira,…wawa talaga hintayin ko nlng yong kay napole’s baka may maambunan pag nahuli ng yong mga nangurakot…joke lng po…sana po reply nmn po kayo sa mga tanung namin po thank you.pogi

    • ariel says:

      tama lahat namn ng kagaya natin puro hirap at nasa knala ang sarap!

      • ariel says:

        mahirap magutang s pera na malaki ang tubo!insted n maka2long ang loand lalo lang malulubog s utang kasi tubo natin tubo ng iba sa knila napupunta asan n ang 2long n nasabi nila!tau ang nagpapasok ng malaking pera s pinas n dapat bigyan nila ng importansya pero sa maling bulsa napupunta!LIKE that NGO!for 10 BILLON!!!!!!!!!!!!!! marami n sanang na2longang mahihirap!marami n sanang butil ng bigas ang naipamahagi! mas masarap po mamuhay ng matiwasay at mapayapa!

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