#CulturePH - Home Credit, OWWA partner to honor OFWs in Western Visayas

At the OFW Family Day Caravan in Western Visayas, Home Credit Philippines, the top consumer financing firm in the nation, in collaboration with the Overseas Workers Welfare Association (OWWA), paid tribute to the heroes of the modern era: the Overseas Filipino Workers (OFWs).

Almost 2,000 OFWs and OFW associations from the provinces of Antique, Capiz, Guimaras, Iloilo, and Negros Occidental participated in the two-week caravan. The initiative was designed to give OFWs and their families a way to get in touch and spend time together.

Aside from family bonding activities, the caravan also opened conversations on financial literacy and education, addressing the common problems of OFWs spending years working abroad only to come home with little to no savings.

“Our main goal for the caravan was to show appreciation for the Filipino migrant workers. We want to empower them to make informed decisions on how to spend and manage their hard-earned money from working overseas. We at OWWA Region 6 support our OFWs all the way, and we want them to succeed and secure a better life for themselves and their families,” said Rizza Joy Moldes, OWWA Region 6 OIC director.

Home Credit guided the conversations on the fundamentals of saving and budgeting throughout the caravan as part of its advocacy initiative to advance financial literacy across the nation. Also, the OFWs received information on secure consumer finance solutions that they might investigate to safeguard their families from debt problems and other financial concerns.

“We at Home Credit honor the modern-day heroes of our country. They are an inspiration to many Filipinos as they serve as examples of strength and perseverance. As they strive to make ends meet for their families, we are committed to providing them with the proper knowledge to handle their finances to avoid financial mismanagement and risks. We will continue to support the OFWs and be their trusted ally Para sa Life,” shares Sheila Paul, Home Credit’s chief marketing officer.

The number of OFWs worldwide has already surpassed 1.83 million, according to the Philippine Statistical Authority (PSA), a three percent rise from the figure revealed in 2020. Remittances sent home by overseas Filipino workers are anticipated to rise together with the volume of labor migration from the Philippines. The data also reveals that the bulk of OFWs are between the ages of 30 and 34, followed by 45 and older, which might be interpreted as parents and other family breadwinners traveling abroad.

Home Credit is dedicated to offering more Filipinos financial options and knowledge so they can live more comfortably and securely. With its flagship financial literacy and CSR programs, Wais sa Home and Alagang Home, Home Credit will continue to be at the forefront of promoting financial freedom and better lives for all.

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