Our Overseas Filipino Workers (OFWs) have been an economic lifeline of the Philippines, with their remittances contributing nine percent of the country’s Gross Domestic Product (GDP).

For decades they have supported millions of households and have powered the Philippine economy, until the pandemic struck. Over 300,000 OFWs have been sent home in the wake of the COVID-19 pandemic. Many of them have been unemployed, with their savings slowly diminishing.

Helping the Economy Recover thru OFW Enterprise Start-ups (HEROES) is a program of the National Government that provides an opportunity for displaced, repatriated, or returning OFWs to rebuild their lives here in the Philippines by helping them establish their start-up businesses.

FOR REPATRIATED AND RETURNING OFWS WHO WANT TO START THEIR OWN BUSINESS

  • Loanable amount from PhP30.0 thousand up to PhP100.0 thousand
  • With grace period of up to 12 months
  • No collateral required
  • No interest

DOCUMENTARY REQUIREMENTS

  1. Certificate of Completion of Training issued by PTTC
  2. Scanned copy of passport
  3. Video presentation (Applicant will be given guidance during the PTTC training)
  4. Business Model Canvass (For loan amounts above PhP50.0 thousand)

HOW TO APPLY

  1. Complete a free one-day online training with the Philippine Trade and Training Center (PTTC). Register at http://bit.ly/HEROESRegistrationForm
  2. Upon completion of the training, prepare the following requirements for your loan application:
    • Scanned copy of passport
    • Video presentation (applicant will be given guidance on how to prepare the video during the PTTC Training)
  3. Go to https://brs.sbgfc.org.ph/heroes to proceed with your loan application.