KORONADAL CITY, South Cotabato, Oct 6 (PIA) – OFWs and their families who intend to pursue micro, small and medium enterprises (MSMEs) will be given assistance by the Overseas Workers Welfare Administration (OWWA), in partnership with the Department of Trade and Industry (DTI).
According to OWWA 12 OIC Marlyn Jamero, qualified OFWs and
their dependents will be given Enhanced Entrepreneurial Development Training (EEDT) to equip them with knowledge on how to properly handle their business enterprise.
“This is in line with the implementation of the enhanced reintegration program or the Enterprise Development and Loan Program (EDLP) of OWWA”, Jamero added.
The trainings will be conducted in DTI’s Negosyo Centers in different cities and municipalities across the region.
The first tranche of EEDT was held on October 4-5 at DTI- Negosyo Center General Santos City and participated by 16 prospective OFW entrepreneurs.
Participants were given training- workshops on choosing the right business appropriate to their skills and passion as well as inputs on financial management.
They were also taught on how to craft a simplified business proposal.
The OFW-EDLP, formerly known as OFW-Reintegration Program (OFW-RP), is an enterprise development intervention and loan facility of OWWA in partnership with Landbank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) intended to support enterprise development among OFWs and their families.
A memorandum of understanding (MOU) has been signed by the DTI-Regional Operations Group (ROG) and the OWWA last September to formalize their partnership in implementing the Enterprise Development and Loan Program (EDLP) for returning OFWs.
Under the MOU, OWWA will sustain the promotion of MSMEs as part of the entrepreneurship development component of its Reintegration Program for OFWs.
It will also organize entrepreneurship development trainings, refer prospective OFW-investors to the DTI and offer its business loan program for expansion or start-ups done by OFWs.
The DTI, for its part, will package priority MSME business models to be offered to prospective OFW-entrepreneurs and investors and provide resource persons for OWWA-organizes entrepreneurship development trainings and related activities. (ORVRivera-PIA12 with report from OWWA 12)