DBP-Smart OFW I-net Negosyo—Negosyo Mo, Taya Ko

A P1-billion livelihood program has been launched by the Development Bank of the Philippines and Smart Communications which is programmed for overseas Filipino workers. The livelihood program bannered with “Smart OFW I-net Negosyo-Negosyo Mo, Taya ko” is yet another way to enhance the reintegration and enterpreneurship of OFWs thru DBP financing of Smart Bro Computer Station, the Smart Bro Business-in-a-Box package.

The OFW I-net package includes:
* Brand new Pentium 4 3.0 personal desktop PC
* 1 year unlimited Smart Bro Internet connection
* Smart load retailer kit with Php 500 worth of load
* Free Smart cellphone (LG KU2050 or Nokia 6070)
* Free streamers and flyers for promoting your business

“Our Smart Bro Computer Station package is very affordable for start-up entrepreneurs. OFWs and their beneficiaries can start their own one-PC mini-Internet rental shop. A bonus is an e-loading business, which we have conveniently bundled with this livelihood package. Beneficiaries will also be able to use the Internet to keep in touch with their loved ones abroad more often. We have subsidized the rate to encourage our OFWs to become entrepreneurs. Eventually, they can increase the number of PCs, if they wish to expand the business,” reported Darwin of Manila Times as quoted by Mr. Danilo Mojica, Smart head for wireless consumer division.

Moreover, DBP President and Chief Executive Officer Reynaldo David believed that through the program, OFWs will be able to invest their hard-earned money in a potentially lucrative business that will prepare them for their eventual retirement. Their beneficiaries back home will also become more self-sufficient with the additional income from the business, aside from the monthly remittance.

The livelihood program is payable in 12 easy monthly installments which will be paid by the OFW himself from wherever he is worldwide through the DBP EC Remit program. The loanable amount includes the subscription to Smart Bro, affordable interest rates, and mortgage redemption insurance. Monthly payments may be coursed through DBP partner remittance and exchange companies.

To qualify, an OFW must have at least one year of guaranteed work contract or a work visa that is valid for the next 12-month period. Other needed documents include POEA registration document and/or OWWA membership ID; photocopy of valid passport; and photocopy of valid work visa. The forms and documents should be submitted to the Negosyo coordinators or DBP overseas marketing representatives in the country where they are working.

To apply for the loan package, OFWs may visit the DBP Remittance Center at the DBP Head Office in Makati City, or the bank’s subsidiaries and tie-ups abroad.

For more info you can call the DBP Remittance Center at 8189511 up 19 local 2224 or 2226 or 8938885.

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