PLGU loan program helps overseas job applicants

By Juliet B. Saley

BONTOC, Mountain Province - - Here’s a good news for   applicants seeking work abroad who are in need of money for their placement fees.

The Provincial Overseas Filipino Worker (OFW) Loan Assistance Program of the provincial government   has still P1, 754,231.00 available for overseas worker applicants in need of financial assistance.

Qualified applicants may loan certain amount with a very minimal annual interest of five percent payable in 12 monthly installments starting a month after the overseas worker’s arrival at the country of destination.

A three percent service fee is also charged and is deducted immediately from the loaned amount. The amount to be loaned by an applicant depends on the placement fee set by the placement agency and the destination country.

To ensure the effective implementation of this program, applicants are required to have co-makers who must be permanent employees of the provincial government. A memorandum of agreement shall be entered into by and between the provincial government, the applicant and co-makers.

LaireLigligen of the Office of the Provincial Governor bared that since the program started in 2011, there are already 241 overseas workers in the province who were assisted.

Most of the beneficiaries landed jobs in Hongkong and in the Middle East. Some are nurses, construction workers, care givers and skilled workers.