Press Release
March 3, 2017

Villar helps OFWs manage savings; Financial literacy training held

Overseas Filipino Workers (OFWS) need to learn to properly manage their hard-earned monies when they return to the country and decide to stay here for good, Sen. Cynthia A. Villar said Tuesday.

Villar, a warrior of OFW welfare and protection, emphasized overseas workers must be armed with the right know-how on how they can grow and use their savings to ensure the good future of their families.

'They worked hard and sacrificed their time with their families so they will have a bright tomorrow. It will be disheartening, and more so frustrating, if they do not use their savings wisely, ' Villar said.

'Our workers need all the help and support when it comes to handling their savings. It is heartwarming to hear their success stories, and it is with pride that I align myself as among the many protectors and supporters of our OFWs', she added.

To help OFWs manage their earnings, the Villar SIPAG organized on Tuesday a financial literacy seminar that sought to guide former workers from abroad on how to set up small businesses, teach them the advantages of investing their monies and detecting investment scams, among others. Financial Education courses were facilitated by Mr. Ronnie Billones, Ms. Joy Sanchez and Mr. Nolan Ray Lazaro of The Global Filipino Investors (TGFI). They talked about Budgeting, Steps on Growing Your Money and Personal Finance Planning.

The seminar, entitled 'Seminar on Socio-Economic Reintegration and Financial Education for OFWs', also helped attendees understand how money works, how to manage it, and how to earn or make it.

It likewise taught OFWs available reintegration programs that are implemented by both GOs and NGOs and offer livelihood opportunities for self-employment and as a means of income generation for the family. Ms. Ma. Theresa Capa, Chief - Programs Services Division and Mr. Zandro Almendrala, Head - Reintegration Unit of Overseas Workers Welfare Administration (OWWA) NCR and OIC Division Chief Elizabeth Zambrano of the National Reintegration Center for OFWs (NRCO) presented their programs and services that can be accessed by OFWs and their families.

Villar SIPAG, through its Sagip OFW Program, partnered with the Blas Ople Policy Center & Training Institute, and the Global Filipino Investors Inc. (TGFI), in organizing the seminar.

The seminar was held at Villar SIPAG in C5 Extension Road, Pulanglupa Uno, Las Piñas City.

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