Loanable Amount
10,000 - 100,000
- Details
- prev
- next
Description
- A P500-Million special window under the P3 CARES Program catering to land-based and non-professional repatriated Overseas Filipino Workers (OFWs) who will start their own small business
- A component program of the Pondo sa Pagbabago at Pag-asenso (P3) fund under the Department of Trade and Industry (DTI) and aimed at helping repatriated OFWs rebuild their lives by providing opportunity to become entrepreneurs
- Loan proceeds should strictly be used for working capital to start and sustain the business operations.
- OFWs may borrow a minimum of P10,000 to maximum of P100,000 free of interest and collateral. A service fee of 6% will be charged to loans with 24 months payment term and 8% for loans with 36 months payment terms (inclusive of 12 months grace period).
- Application process will start with the pre-registration on the on-line training with the Philippines Trade Training Center (PTTC)
Requirements
- Accomplished Loan Application Form
- One (1) Government-issued ID with photo
- OWWA Certification or proof of being repatriated OFW
- AVP of Business Plan
- DTI Registration
- Certificate of completion of an on-line training session for enterprise start-ups conducted by PTTC