MANILA – Typhoon-hit families of Filipino migrant workers who are active members of the Overseas Workers Welfare Administration (OWWA) may avail themselves of the agency’s calamity loan.
OWWA Administrator Carmelita Dimzon said the P10,000 calamity loan is available to qualified borrower with no interest.
"This is OWWA's response to the urgent need of its members, when many households are suffering in the wake of widespread destruction brought by Typhoon Ondoy," said Dimzon in a press statement.
Dimzon said the loan will be payable in 24 monthly installments with a grace period of 120 days from release.
"We note that a large number of those affected are OFW families, especially those residing in towns and cities declared as calamity areas by the National Disaster Coordinating Council (NDCC) in Metro Manila, the province of Rizal and Region 3," Dimzon said.
She added that requirements to whose who want to themselves of a loan include active OWWA membership, certification from the local government unit that applicant was affected by "Ondoy," and a promissory note or affidavit of undertaking of the OFW-member.
OWWA welfare offices and staff in affected regions have been instructed to quickly process loans for early approval and release.
Interested applicants may visit the nearest OWWA regional office or contact the OWWA Operations Center at 0917-8986992 (TXTOWWA), or 5511560.
(abs-cbnnews.com)
URL(http://www.abs-cbnnews.com/pinoy-migration/09/29/09/owwa-offers-interest-free-calamity-loan-members)
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