An Act Establishing a Pre-Employment Loan Assistance Program for Overseas Filipino Workers, Appropriating Funds Therefor, and for Other Purposes
The bill would create a government‑run loan program that gives OFWs up to ₱100,000 to cover costs before they leave the Philippines. The loan would be interest‑free for the first year (or up to 18 months for first‑time workers) and would be repaid from their overseas earnings, with a required financial‑literacy class.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-1696. Status changes over time; check the link for the latest.
SBN-1696 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.