Livelihood Development Program for OFW

Program Title: Livelihood Development Program for Overseas Filipino Worker (OWWA-NLSF LDPO)
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.

Eligible Borrowers:

  • 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)
    • For married OFWs: spouse or children of legal age
    • For single OFWs:  parents or children of legal age
  • Former OWWA LDPO borrowers with good records of repayment

Loan Purposes:

  • 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 (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 and Requirements:


  • Individual Borrower – maximum of P200.000.00.
  • Organized and Registered Group of at least five members -maximum of P1.0 Million.

Interest Rates:

a. NLSF to Program Partners

  • Interest:  3% per annum to be amortized with principal
  • Service Fee: 1 % per annum to be deducted upon loan release and every start of succeeding year based on outstanding balance

b. 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
  • Service Fee: 2% per annum payable upon loan release and at the start of every year thereafter based on outstanding balance
  • Facilitation Fee: 3% one time for the entire term of loan (to cover for CI/BI, appraisal and processing expenses)

Security:   Loans shall be 100% collateralized by any or a combination of the following unencumbered assets/rights: Real estate

  • Chattel properties
  • Stock inventories
  • Receivables
  • Insurance/pre-need policies
  • Other types of collateral acceptable to the NLSF conduit

Loan Requirements for OFWs

  • Proof of OWWA contribution
  • Business Plan/Project Feasibility Study
  • Business permit/license for on-going projects
  • Financial statements in case of existing business Documents to establish borrower’s relationship with the OFW (for beneficiaries)
  • Collateral papers/ownership titles, etc.

Contact Details:

Overseas Workers Welfare Administration
7th St. cor. F.B. Harrison St., Pasay City
Tel.(02) 891-7601 to 24
Email: /

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