Posted by: tigergrassroots | June 23, 2011

Clarificatory Guidelines on the 2-Billion Reintegration Program

OFWs and families wishing to avail of the 2 billion reintegration program, commonly known as livelihood loan, of the Overseas Workers Welfare Administration (OWWA) should keep in mind that the venture is not simple as filling up the application form and showing one’s true intent to go into business. From the guidelines given by the Land Bank of the Philippines, OWWA’s finance partner which contributed one billion pesos to the reintegration program, projected business ideas or existing businesses being applied for the loan should have the potential to grow big. In fact, the businesses being applied  for should be legitimate and truly income-generating. To shell out hundreds of thousands of pesos for qualifiers certainly means going through credit investigation by the finance institution and other background check. The whole process will be tedious requiring lots of preparatory training for the prospective borrower both in business management and skil.

Here are the details to guide prospective borrowers of the livelihood program.

  • Eligible borrowers are OVERSEAS FILIPINO WORKERS
  • Eligible projects are business ideas or setups with confirmed market and with purchase order that will generate net monthly income of at least P10,000
  • Loan should be used as working capital and/or fixed asset acquisition
  • Project Cost Sharing: borrowers equity is minimum of 20% of the total cost project; 80% to be loaned
  • Loan amount is minimum of P300,000 and two million maximum
  • Interest rate is 7.5 % fixed for the duration of the loan
  • Loan repayment is maximum of one year for short term loans; for term loans, repayment is based on cash flow but not to exceed seven years and inclusive of maximum of 2 years grace period on the principal


  • OWWA certification that borrower is a bonafide overseas worker and has completed Enterprise Development Training
  • Borrower should have credit history
  • A specific project that will generate income for OFW and his/her family
  • With contract growing agreement, purchase order or service contract
  • Certificate of Registration with DTI
  • Bio-data of applicant
  • Mayor’s Permit
  • Income Tax Return (last 3 years)
  • Financial Statements (last 3 years, BIR-filed if applicable)
  • Latest interim financial statement, if applicable
  • Statement of Assets and Liabilities

Interested parties may call 8340719, OWWA’s Reintegration Unit. However, it is advisable to visit the nearest OWWA office for further clarification of the program.



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