Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

Livelihood Development Program for OFWs

Program Objective: To help OFWs and their families start or sustain their own business through access to credit, capability building, market linkage and other forms of livelihood or entrepreneurial assistance

Target Clients:

• All active and former member-OFWs of the Overseas Workers Welfare Administration (OWWA)
• OFWs' immediate family members (but only one family member per OFW can avail)
• Former OWWA LDPO borrowers with good records of repayment

Loan Purposes and Repayment Period:

• For short-term operating capital of new or existing business -two-year revolving credit line to be availed of via 30 to 180 days promissory notes.
• For permanent working capital for purchase of stock inventory or cost of franchise - 3 years repayment including one-year grace period on the principal
• For asset acquisition or construction (except for purchase of land) - payable in 3 to 5 years including one-year grace period on the principal

Terms/Requirements

Loan Amount:

• Individual Borrower - maximum loan of P200.000
• Organized and Registered Group of at least five members -maximum of P1.0 Million.

Interest Rate:

• NLDC to Program Partners Interest: 3% per annum to be amortized with principal
• Conduits to OFW borrower Interest: 9% per annum to be paid on maturity of short term loan or amortized with principal in case of 3-5 year loans

Contact Details:

National Livelihood Development Corporation
4th Floor, Hanston Building, F. Ortigas Jr., Road Ortigas Center, Pasig City 1605
Phone: (632) 914.7290 to 97 • (632) 631.2955/57 Fax:     (632)631.2953/54
e-mail: nlsf-info@nlsf.gov.ph
Web: www.nlsf gov ph