OFW Forum
Most of the nearly million overseas Filipinos who have gone home after losing their jobs abroad due to COVID-19 are in bad shape financially and need meaningful and sustainable aid from government, not simply dole outs.
What they need most are practical and accessible aid – not simpl
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Metro Manila (CNN Philippines, May 28) – An attached agency of the Department of Trade and Industry is offering interest-free and no-collateral loans to help micro, small, and medium enterprises, and repatriated overseas Filipino workers affected by the COVID-19 pandemic.
The Small Business Corporation (SB Corp.) was mandated under Republic Act 11494 or the Bayanihan to Recover as One Act to provide these loans through the Bayanihan COVID-19 Assistance to Restart Enterprises (CARES) Program.
SB Corp. spokesperson Azel Solano said those who will apply under the Bayanihan CARES Program have a grace period of one year to pay for their loans.
sila sa pag-recover