A total of 569,462 OFWs had been repatriated last year and more than 100,000 OFWs are expected to be returning home in the coming months. This is not a small number. OFWs support their families back in the Philippines. With no work, these returning OFWs are feared to add more socio-economic problems in the country.
The Department of Trade and Industry (DTI) is extending livelihood assistance to OFWs through collateral-free capital of up to ₱100,000 for them to start a business. OFWs are encouraged to avail of this loan assistance from the SB Corp., the microfinancing arm of the DTI.
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