OFW loans in the Philippines

President Noynoy Aquino recently announced that he is instructing the Overseas Workers Welfare Administration (OWWA) to set aside P1 billion (US$23.5 million) as “reintegration fund” from which returning Overseas Filipino Workers (OFWs) can borrow money. The goal is definitely noble but it is our hope that the loans program be managed efficiently so that it …

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