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Land Bank of the Philippines said it continues to strengthen its commitment to overseas Filipino workers seeking to permanently return home and achieve financial security through its Overseas Filipino Workers Reintegration Program .
It aims to enable OFWs to pursue business opportunities in the Philippines as an alternative to overseas employment. Under the OFW-RP, eligible OFWs may avail of loans for working capital or acquisition of fixed assets at a minimum amount of P100,000 and up to P2 million for a single proprietor borrower, and P5 million for a group of OFW borrowers, with a fixed interest rate of 7.5-percent per annum.
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