Atikha Overseas Workers and Communities Initiative, Inc. - Reuniting families, Rebuilding communities, Recreating economic opportunities in the Philippines

Grants

Balik Pinas-Balik Hanap-buhay (Php 20,000)

Requirements

1. Application Form
2. Certificate of EDT
3. Business Plan/Proposal approved by RWO Director indicating sustainability / feasibility of the chosen livelihood undertaking
4. Proof of repatriation or return to the Philippines (passport or travel documents, airline ticket)

LDAP – Livelihood Development Assistance Program (LDAP)

10k for undocumented workers

Tulong Pangkabuhayan sa Pag-unlad ng Samahang OFWs (Tulong Puso)

One-time grant assistance and other support services to support formation, enhancement or restoration of livelihood projects/ undertaking of OFW organizations – grant amount – 250k – To be updated after the revision of requirements

Loans

Reintegration Loans
OFW-EDLP with Landbank / DBP
interest rate -7.5%

Working Capital or Fixed Asset Acquisition
20% equity of the Total Project Cost
Individual loan amt – 100k-2M
Group – 100k-5M

Repayment
Short-term – max of 1 year
Term Loan: based on cash flow but not exceed 7 years inclusive of maximum of 2 years grace period

Collateral – object of financing , project assets and other assets of borrower
Eligible projects- franchising business/ contract tie-up with top 1000 corporations / agri-non-agri production / manufacturing / construction / rental business / service / trading / transport / any viable project whether existing or new

Enterprise should generate cash flow sufficient to pay the projected amortization of the loan

Qualification
OWWA member/ active or non-active
Enhanced Enterprise Development Training

Job referrals
Sa Pinas Ikaw ang Ma’am Sir (SPIMS for teacher)

Business Plan Competition for Sea-based – NRCO-ISP Business Plan Competition