Since its launch in June 2011 up to December 2014, the business
projects of 1,257 members of the Overseas Workers Welfare Administration (OWWA)
were approved under the 2-Billion OFW Reintegration Program, a joint
undertaking of the Land Bank of the Philippines and of OWWA.
The total amount of loan extended to the proponents reached
P865,118,529.80.
The approved business projects are a mix of agricultural and
non-agricultural enterprises. Non-agricultural business projects are slightly
higher than agricultural projects comprising 59% of all the project grantees
during the period. Among these are groceries, apartment construction and
rental, general merchandise stores, UV Express, hardware, water-refilling
stations, internet café, restaurant, auto and motor parts, ready-to-wear,
pharmacy and gas station.
Agricultural projects are mostly linked to the food chain.
These are grains, fruits and vegetables farming, grains trading, livestock- and
poultry-raising, fishery, post-harvest activities like milling, and bakery.
Most of the approved business projects of OFW availees came from
Region 3 followed by Regions 4-A, 6, 12, 5, NCR and 2, 11, 7, 1, CAR, 4-B, 10,
9, ARMM, 8 and CARAGA.
These enterprises generated 5,634 jobs. (ASMD/OWWA)
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