Displaced Caraganon OFWs undergo financial literacy training

  • July 13, 2017

BUTUAN CITY, July 13 -- Thirty-five member-Overseas Filipino Workers (OFWs), who were displaced due to various adversities during their employment abroad, attended the one-day orientation and financial literacy training for the newly-enhanced Balik Pinas, Balik Hanapbuhay Program of the Overseas Workers Welfare Administration (OWWA) Caraga on July 10, 2017 at the OWWA Training Hall here.

During the orientation, Programs and Services Division OIC Ma. Ireen C. Cambaling conveyed that the program’s goal is to enable the beneficiaries to be multi-skilled through access to training services. “Among the objectives of this program is to assist the target to plan, set-up, start & operate a livelihood undertaking by providing them with ready-to-go rollout self-employment package of services, consisting of short-duration trainings, business counseling and technical and marketing assistance,” the program head added.

Meanwhile, financial literacy training was also given out by Overseas Workers Welfare Officer II Jean Mary Ronquillo-Ladion, focal person for the program. The conduct of the training facilitates entrepreneurial mindset among OFW participants and promotes the utilization of their acquired skills in choosing their livelihood venture.

The one-day training encompasses the background of the program and financial literacy but also includes constructing a business plan which will serve as the beneficiaries’ guide during the implementation of their chosen trade endeavor.

Currently, the Balik Pinas Balik Hanapbuhay Program is already made available not only for active but also for inactive OFWs who have not finished their employment contacts. The Program can be availed only once by eligible beneficiaries and within three years after his/her return to the country.

Beneficiaries will now receive a cash assistance of P20,000.00 upon evaluation of the business plan/proposal and inspection of the project site/address by the project officer. And to ensure that the livelihood projects are implemented, an initial monitoring will be done a month after the release and will be monitored every six months.

Among the required documents are the duly filled-up Application Form, Certificate of Entrepreneurial Development Training (EDT), Business Plan/Proposal approved by RWO Director indicating the sustainability/feasibility of the chosen livelihood undertaking, Proof of repatriation or return to the Philippines.

For further information and/or queries regarding the program, kindly visit OWWA Regional Welfare Office Caraga located at Nimfa Tiu Bldg.2, J. Rosales Ave., Butuan City or contact us at (085) 342-6178/815-1894. (OWWA-Caraga/PIA-Caraga)

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