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| Loan beneficiaries pose for photo with Department of Trade and Industry Secretary Christina Roque, Small Business Corporation (SB Corp.) President Robert Bastillo, and Department of Migrant Workers Secretary Hans Leo J. Cacdac |
Three OFWs became the latest to receive loans under the OFW Negosyo Fund program of the Department of Trade and Industry (DTI).
Given during the “Bagong Pilipinas Bayanihan para sa
Balikbayang Manggagawa” National Reintegration Network (NRN) and Job Fair held
at the QC M.I.C.E. Center at Quezon City Hall on April 6, the beneficiaries were
Jonahlou Bilaro who received P100,000.00 for her Events Management Service,
Marie Anduyon who was given P200,000.00 for a Water Refilling Station, and Dan
Zeus Almarines who received P580,000.00 for the expansion of his pharmacy
business.
DTI Secretary Christina Roque, Small Business Corporation
(SB Corp.) President Robert Bastillo, and Department of Migrant Workers
Secretary Hans Leo J. Cacdac led the distribution of the investments.
The OFW Negosyo Fund was launched on March 11, 2026, with a
total funding of Php2 billion from SB Corp., to help OFWs who were forced to
return home due to unforeseen circumstances to start or grow their own
businesses.
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According to Secretary Roque, the program has a very low
interest rate, no collateral required and a one-year grace period during which
the principal or interest of the loan will not be charged, to give sufficient
time for the business to grow.
Under the program, OFWs can borrow from ₱30,000 to ₱20
million, with no collateral required for
loans up to ₱5 million.
The loan can be repaid over a period of up to five years.
Eligible to borrow are returning or repatriated OFWs,
including those displaced by global conflicts (such as the Middle East) and their
immediate family members (who may apply on behalf of an OFW who is still
overseas.
Loan applications can be submitted online through the SBCorp
Money App (download from here: https://play.google.com/store/apps/details?id=ph.sbcorp.app.twa&hl=en&pli=1)
or the web-based SBCorp Loan Portal (https://sbcorp.gov.ph/),
or in-person at any of the 1,431 DTI Negosyo Centers nationwide, which provide
for hands-on assistance and mentoring.
