NAVAL, Biliran - A newly launched job-generating intervention program by the provincial government here that is bearing tangible results is the Overseas Workers Assistance Program (OWAP).
Emmanuel V. Sibayan, Cooperative Development Specialist, disclosed this saying that this assistance program launched last June 2008 is a livelihood enhancement in addition to the "Dagdag Puhunan Pangkabuhayan" program that Biliran Gov. Rogelio J Espina is pushing, and it has already sent 19 migrant workers abroad.
Sibayan said that OWAP was conceptualized by Espina to help Biliranons, who are ready to go out and work abroad - but are hindered by financial difficulties, so that they would not fall prey to loan sharks.
"Usually, most problems of those about to go and work abroad is the money to be left with their family for sustenance, while they (breadwinners) take chances in foreign lands," said Sibayan.
The amount extended to each applicant or person depends on their respective needs - but it ranges from P30,0000 to P50,000 per applicant.
Sibayan said it was started with a capital infusion of P350.000, due to a remarkable repayment of 90 percent, the amount has grown to P660, 000.
For this year the amount available for loans is P500,000. The loan has an interest of 10 percent per annum on diminishing balance, said Sibayan, which means that for the good payers, the interest gets lesser and lesser every payment.
by Jack Gaidangan, Manila Bulletin
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