4 Reasons Why You Need to Apply for OWWA Loan

Being an Overseas Filipino Worker is not forever. No matter how long you work abroad, there will always be a bigger possibility of going back and settling in the Philippines. If you happen to work in countries that are experiencing war or political conflict like Syria, the Philippine government will order mandatory repatriation, forcing you to go home.

To prepare for that, many OFWs decide to open up their own business, no matter how small it is, to help them earn money for the family. Apparently, not many OFWs have enough capital that will help in starting your own business.

This is where OWWA Loan Program comes in.

1) A reliable business partner. The government recognizes the hard work of all OFWs. Despite earning in dollars, they know that you will need extra help when the time comes and you will decide to open your own business. The The OWWA Loan for OFW helps finance your business needs for up to P2 million so you can get back on your feet and have a sustainable source of income for your family. This way, you don’t have to go back abroad to work.

2) The Enterprise Development Training. Apart from the amount you will receive to finance your business, you will be required to undergo Enterprise Development Training or EDT. In fact, this is one of the mandatory requirements you need to comply with to get your loan approved.

This training covers what you need to know about starting, managing, and sustaining a business. You will also have project-specific training or immersion according to the business you plan to put up and make a business plan, which will be submitted together with other requirements for OWWA Loan. The EDT ensures that you are equipped with the necessary knowledge and skills to help you succeed in your entrepreneurial journey.

Read more about EDT here.

3) Variety of business allowed. Another good thing about OWWA Loan is that it is applicable to various kinds of business. Construction, rental services, service or trading, franchising, transport, and health care are among the allowable businesses. Aside from that, you will also have a better understanding of your chosen field through the Enterprise Development Training.

4) Specifically tailored for OFWs. There are various banks and lending institutions that have facilities for OFWs. Apparently, there are few that caters to OFW and their business needs. The Philippine OWWA Loan is one of them and it is intended to support every OFW’s ability to succeed in the field of entrepreneurship.

Keep in mind that OWWA Loan for OFW is there to assist you in starting your business. The success will depend on you, so make sure you choose a field that will suit not just your needs but your interests as well.

61 Replies to “4 Reasons Why You Need to Apply for OWWA Loan”

    1. I have visited many times in OWWA Office trying to avail this program but the answer is always negative. It looks like this are only for advertisement but in reality this are all propaganda. I did not hear any of my friends OFW that are able to avail in this program. The govt. is only fooling us.

      1. Hi Jaime! We’re sorry to hear about this. OWWA only has a limit of P2 billion, which is why they screen all the applications. Don’t worry. There are lenders (like Balikbayad) who could assist you, sans the hassle 🙂

  1. im ofw here in Brunei i like to go back to manila and have business fir the reasin that no more project here in Brunei soo er or later everyone nid to repatriated i want to have business loan where can i have this EDT in Brunei while working.
    thanks & regards,

  2. Hi! I’m Chico. I am living in the Philippines. I am looking for some loan to build my own small business and house. I am an OFW but I want to make a loan for buying home as well for my kids expenses. I kept on searching this weekend and found some OFW loan company and I think it’s good enough, I just want to make some option.

  3. Hi… I’m Celsa …I’m currently working here in Malaysia. . Ano po ang mga requirements para mg apply owwa loan?. Babalik na po aq ng pinas end contract po. Gusto q po sana mg start ng business pgdating q s pinas. May owwa office po ba as Cebu? I need your assistance…thank you

  4. I asked mt mother to inquire,kya lang dpt dw meron collateral,akala q po ba oka lang walang collateral basta may guarantor/,co-borrower po,nag start na sana c mama to secure some requirements,d nya po tinuloy kc need pa daw mag exam bout sa training,then don dw magiging base kung magkano pfe ibigay sau ng banko,naguluhan po aq kaya di q na lang punatuloy muna,may instructions po kc tapos pagdating sa owwa,parang iba namn nangyayari,pls clarify po ma’am,thank u

    1. Hi Liezl. Collateral is needed to secure a loan and it can be in the form of property, co-borrower, or receivables if the business is existing already. Baka po mas nirerequire na ngayon ni OWWA na property ang collateral kaya po ganoon. Anyway po, you can check this post as a guide for step-by-step procedure on how to apply for OWWA Loan – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

      Maaari niyo din po i-consider ang private lenders to help you put up your business such as Balikbayad.

  5. I will be on my annual leave this coming March 2018. Since I read that OWWA is assisting OFW in order to start a business I am so eager to know how and what are the process. The business that I’ve been dreaming of is a water refilling station with a 24 hours convenient store on the side. I am interested to put it put in Gen. Trias Cavite.. any advise you share with me? Hoping to hear from you! More power.

    1. Hello there. The water refilling station with convenient store is a good business to start. You need to start attending the Enterprise Development Training first, so please contact the OWWA Regional Office near you for the schedule. From there, you may proceed with loan application process including the submission of requirements.

      Please check this post to know more about the step-by step procedure in applying for OWWA Loan – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

  6. Hi I just want to ask where can I apply owwa loan I’m planing to do business in the philippines while in abroad I’m working in Kuala Lumpur malaysia

  7. Hay ,I’m Romer P. Bautista currently working as computer operator here in prestigious Company Consolidated Construction International Company Doha Qatar for morethan 10years!

    What is the requirements to avail OWWA Loan ?

    1. Hello Romer. The first requirement is to attend the Enterprise Development Training or EDT. This helps OWWA in determining whether the business you are proposing is viable. Once completed, you will be asked to submit the requirements such as Certificate of Employment, passport, proof of income, and the like.

      You can check this post for a detailed process on how to apply for OWWA Loan – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

  8. Hi,
    I am currently here in KSA and I also work in Taiwan for 2 years and South Korea for almost 5 years and stayed in the Philippines for almost 5 years and because of life difficulties I decided to go back abroad and I am currently here in Khobar KSA. Am I qualified to avail the business loan if I go back to the Philippines for good?

    1. Hi Allan, yes you are qualified, but we suggest that you avail of a loan while your employment contract is still in force. OWWA and other lenders that offer loans for OFWs require Overseas Employment Contract as part of the requirements. Once your contract expires, you might not be able to enjoy the benefits of OFW Loan.

  9. Hi its Jay, since 2015 I attended the EDT seminar, As per the seminar, on the 1st day, they will discuss about the program and some viable business that we can start with, also the DTI representative they will discuss on how to acquire permit,and they allow as to choose what are the viable business on our area, they conditioned our mind that we all can have or can avail the OWWA laon. On the 2nd day of seminar LandBank/DBP rep. will discuss on how to secure the loan, however on the last part they will ask you what is your collateral for the amount you want to secure. So frustrating and time consuming since you have to spend 2 days for the seminar.

    1. Hi Jay. Thank you for giving us an insight on what happens during the EDT (since we often get questions about this as well). Apparently, OWWA Loan requires collateral as a form of security, although based on their website, not necessarily real property. May we know if you continued with the training?

  10. gusto ko po malaman panu makaavail ng ofw loan ng owwa at ang mga requirements needed po…maraming salamat(ofw-middle east)

    1. Hi Ieme. Existing member po kayo ng OWWA? This is the first step to avail of OWWA Loan. Kailangan niyo din umattend ng Enterprise Development Training, which usually lasts for 3 days. After ninyo makumpleto ang training, saka pa lamang kayo makakapag-submit ng requirements sa Landbank. Usually, 40 days ang loan processing saka pa lamang malalaman kung aprubado ang inyong loan or hindi. You can also check this post for detailed process ng pag-apply sa OWWA – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

  11. greetings!
    how long does this loan process needs… does it take 3months or longer?
    I was an OFW and My husband is an OFW up to present, we did apply for the said loan but its was all complicated and felt so small every time i go to Landbank where we were told to submit our application. i am always told they still have clients and have their clients as priority. can we have a priority number? coz i felt to be 2nd or 3rd class citizen.

    1. Hello Jessica. We’re sorry to hear about what happened. The processing of OWWA Loan usually takes less than two months since as soon as you attended the training and submitted the complete requirements, Landbank needs 40 days to verify and process your loan application. Unfortunately, we are not affiliated with Landbank nor OWWA and we cannot offer you a priority number. Nonetheless, you can try other lenders like Balikbayad since we make loan processing easier and more convenient – without the hassle of submitting too many requirements. You can submit your loan application here for pre-approval – https://www.balikbayad.ph/apply-now


  12. Hi ako poh si ronald jason luega .gusto ko sana mag loan ofw ako last abroad ko sa dammam umuwi last may 25 2017 . Pwede kya ako makaloan gusto ko mag start mag business. Please help me ano ung mga requirements.

    1. Hello Ronald. Ang OWWA Loan ay ino-offer ng OWWA sa mga OFWs na may existing overseas employment contract. Hindi po kami sigurado kung pinapayagan nila ang mga former OFWs. Kung papayagan. mag-uumpisa muna ito sa Enterprise Development Training or EDT. Once you’re done, you can submit your requirements and Land Bank will process the application within 40 days. You can check this post po for a detailed process of OWWA Loan application – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

    1. Hi Alfie. First, may we know if you are an OFW? The OWWA Loan is specifically intended for overseas Filipino workers only. If yes, then you can start with attending Enterprise Development Training. We don’t have a schedule of their trainings, so we suggest that you contact OWWA directly on this. Once you completed the training, that’s the time you can proceed with the submission of requirements. You can check this post for a detailed procedure on how to apply for OWWA Loan – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

  13. Hi my name is Tess kasalukuyang ofw sa HK for 26 years puede po kaya ako maka avail sa ofw loan para pang tubos sa rice field namin na naka sanla since para narin naman syang negosyo kasi nagka cropping twice a year.
    Thank you

    1. Hi Tess! The OWWA Loan is exclusively for business purposes only. You can still try your luck by attending the Enterprise Development Training. We don’t have a schedule since this is only released by OWWA, so we suggest po that you confirm with OWWA Regional Office near you kung kailan ang schedule. You can check this post for a step-by-step procedure on how to apply for OWWA Loan – http://www.ofwloans.ph/step-by-step-procedure-on-how-to-apply-for-owwa-loan/

  14. hi im working in dubai for 8 years and my visa will finished this april 16 2018. i didnot renew my visa and will go back to philipppines for good. can i apply for a loan for additional support of my soon to be business? thank you

  15. Hi I’m Leonardo Ruano working in Dubai for 8 years and already finished my visa and planning to go back to Philippines for good soon. Can i avail this loan?
    Thank you.

  16. Hi papanu po makapagapply ng owwa loan im currently ofw here in hongkong and gusto q po sana magloan to start a business car washing and car tint ang asawa q po kc marunong magtint at marunong sa sasakyan at kasalukuyan din po xa empleyado ng suzuki kya yun yung business n gusto nya hangat dto q

    1. Hi Ruselle. Pwede po kayo mag-issue ng SPA authprizing ang inyong asawa to transact on your behalf. Since nasa ibang bansa po kayo, kailangan consularized ang SPA na ipapadaala sa Pilipinas. Salamat.

  17. It’s nice to know that you have this kind of help assistance for all of OFW’s like me… I went in Qatar last December 2016 but suddenly when the food crisis arises in my work location, I decided to go back in here in our country last July 2017. Now as long as there’s government institutions who can help a person like me to start small business that will lead me to stay here for good I want to cut my urge to become an OFW again. Thank you… I hope I can avail your loan.. More power:)

  18. Gud pm ask ko lang po kung pwede akong mag apply ng loan ex OFW po ako. Umuwi po ako ng Pinas last November 2016. May property naman po akong nabilii during the time na nasa abroad ako. Gusto ko po sanang bumili ulit ng property for renting. Ano po ba ang dapat kung gawin. Salamat po God bless

    1. Hi Mhe! The purpose might not be approved by OWWA since it entails buying a property. You can try applying for a housing loan if that is your intention. Thanks!

  19. Hi im ofw here in bahrain. I will finish my contract on march 11,2019 and im planning to go back to philippines for good. Nlaman q po ang tunkol dito s owwa loan for ofw. Ask q lng po pwd po aq mgavail. Wala pa po aq existing business plan q plang po bumili ng isang tricycle pngpasada dhil ang aswa q po ai tricycle driver so ito naisip q business. Wala po aq l
    Png collateral pro ang sure po kpag nkabili aq unit tricycle mg iincome po ito mhgit 10k a month. Pwd po ba aq mkapagloan n wala collateral?

  20. Hi I am an ofw from Saudi Arabia. I have no plan of going back abroad. I want to apply for transport business like grab. Please tell me how .


    1. Hi Jonathan. OWWA Loan is not intended for educational purpose. For business purposes lang po. You might want to apply for a personal loan po if you need immediate cash for your kids’ educational expenses.

  22. hi po,tanong ko lng po kung pwede po kmi lumapit sa balikbayad para po mgloan para sa uumpisahan pa lng nmin na negosyo? ofw po ang asawa ko at natapos po nya ang2yrs na kontrata nya sa saudi.umuwi po xa this september 2018.bago po xa umalis nung 2016 ay nakahiram po kmi ng pera sa balikbayad at natapos naman po namin itong byran in due time..mkkahiram po ba kmi uli sa balikbayad kht hndi na xa mg-a-abroad uli at gagamitin na lng ang pera sa pgnenegosyo?..salamat po sa pagtugon sa aking mga katanungan..

    1. Hi Lenelyn. Good to know that you’re interested in Balikbayad again. You can apply again po by filling out the online application form para po ma-check ng Balikbayad representatives ang inyong account. Salamat.

  23. paano po magloan kung magsart pa lang mag bussiness. at sari sari store ang naisip na bussiness need pa ba mag training at kailangan ng business permit agad sa requirement para makaloan? at magkano pwede maloan sa owwa gaya ng sari sari store

    1. Hi Lorena. The loan amount depends on the borrower’s capacity to pay po. We suggest that you try private lenders po since they are more relaxed sa requirements and mas mabilis po ang approval 🙂

    1. Hi Mariven. We suggest that you try private lenders instead since OWWA can be strict po when it comes to requirements. There are lenders po who are more relaxed when it comes to requirements. Thanks!

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