http://globalnation.inquirer.net/news/breakingnews/view/20080504-134546/OWWA-suspends-pre-departure-loan-program-for-OFWs

OWWA suspends pre-departure loan program for OFWs

By Margaux Ortiz
Philippine Daily Inquirer

Posted date: May 04, 2008

MANILA, Philippines–The Overseas Workers Welfare Administration (OWWA) has suspended its pre-departure loans after incurring an estimated P70 million in losses.

“We granted P70 million in loans to overseas Filipino workers, but only 30 percent have been paying us,” Labor Secretary Marianito Roque said in an interview.

Roque said the Department of Labor and Employment had originally allocated P100 million for the program.

He said OWWA also tried to collect payment from the co-makers of the borrowers. Instead the agency heard the OFWs were not going to repay their P40,000 loans since the OWWA already collected a $25 membership fee from them.

“While it is stipulated in the Migrant Workers Act of 1995 that the OWWA should allocate pre-departure funding for OFWs, the mere fact that it failed to recover the investment is enough basis to discontinue the project,” Roque said.

He said OWWA gave OFWs and their co-makers one year to repay their loans at minimal interest.

“At the moment, OWWA is in the process of going after the borrowers to recover the P70 million,” Roque said.

He clarified, however, that despite the loss, the agency remained financially stable.

The DoLE chief said the current total assets of the OWWA stood at P10.2 billion, of which P8.2 billion was in various investments while the rest was being used for worker welfare assistance programs such as livelihood projects, scholarships, training and repatriation funds.

REFERENCES:
OWWA loses P70M in loans, stops aid to OFWs
House panel OKs bill creating loan facility for OFWs
OWWA berated for overcharging OFWs in 2007
OWWA chief assailed for ‘cruel’ remark on murder of Ifugao lass in Canada

7 Responses to “News: OWWA suspends pre-departure loan program for OFWs”

  1. mico Says:

    paano nman dun sa former ofw na dati pang nag aabroad eh pano kung kni nman ang kailangan ng tulong san kmi pupunta eh naghbabayad nman kmi

  2. mico Says:

    thats unfair not om;ly to me but to all thats good and paying ofw’s

  3. Don Kishote Says:

    That is true… Tayong mga registered OFWs eh hindi naman sicguro nagdadamot na matulungan ang ating mga kababayan na na-distress. Pero bakit parang naparusahan pa tayo kesyo inubos ng POEA/OWWA pera ng OFWs?

    Dapat ma alis sa pwesto ang mga taong di na manage ng mabuti ang pondo ng OFWs.

  4. Isabel Says:

    Ganun naman talaga sila eh. Yong kanilang incompetence, iba ang pinaparusuhan. Madali silang magdesisyon basta hindi sila ang naapektuhan. Bakit nga ba hindi nagbayad yong nangutang? Baka hindi rin naman siningil? Or baka naman mga multong OFW ang nangutang?

  5. Don Kishote Says:

    Eh kasipo ginawang gatasan ng gobyerno yung OFW funds.

    Pinamasyal daw yata nila nung kasagsagn ng Lebanon evacuation. Di naman nangalahati gamit ng inilaang pondo para Lebanon OFWs, pero di na isinauli ang perang natira. So sino nakinabang?

    Ganito na lang lagi. Mandatory tayong magbayad. Pinagpapasaan naman ng ibang tao.

    Ano ba yan..

  6. kate Says:

    so kailan uli maibabalik ang pre-departure loan na yan? aasa na lang ba tayo lagi? paano na ang mga iiwan nating pamilya habang mag-uumpisa pa lamang tayong magtrabaho sa ibang bansa? sasabihin ba natin na hwag muna silang dapat na magutom para hwag muna silang kumain dahil wla silang pambili ng pagkain?

  7. Don Kishote Says:

    hangga’t si Lola pa rin sa Malacanang, at si Este-ban Conejos sa DFA, Roque sa DOLE, wala muna loan. Malapit na rin 2010 election.

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