Sum­mit aims to make OFWs fi­nan­cially smart

Manila Bulletin - - News - By DHEL NAZARIO

Se­na­tor Cyn­thia Vil­lar on Fri­day called on over­seas Filipino work­ers (OFWs) to join the 8th OFW and Fam­ily Sum­mit this month as it will fo­cus on top­ics that will guide them and their fam­i­lies on mak­ing their money grow.

Sen. Vil­lar, di­rec­tor of the Vil­lar So­cial In­sti­tute for Poverty Al­le­vi­a­tion and Gov­er­nance (Vil­lar SIPAG), said the 8th OFW and Fam­ily Sum­mit will be held on Novem­ber 21 at the World Trade Cen­ter in Pasay City.

“We all know a story about an OFW who, af­ter years of toil­ing abroad, comes home with lit­tle or no sav­ings. We want th­ese tragic sto­ries to end and want hap­pier end­ings for all our OFWs,” Vil­lar said.

With the theme, "OFW: Perang Pi­naghi­ra­pan, Palaguin," the sum­mit will cen­ter on ways to ad­dress the needs of the OFWs and their de­pen­dents. It will be open to all OFWs and their ben­e­fi­cia­ries such as spouse, chil­dren, par­ents, or sib­lings.

“This sum­mit will pro­vide the tools that will make our OFWs fi­nan­cially smart. We have lined up ex­perts to teach fi­nan­cial lit­er­acy and to share point­ers on in­vest­ment and start­ing a busi­ness. Lack of fi­nan­cial lit­er­acy is one of the rea­sons why Filipinos, in­clud­ing many OFW house­holds, can­not es­cape poverty. We want to help ad­dress this prob­lem,” she added.

Reg­is­tra­tion is free upon pre­sen­ta­tion of a pho­to­copy of passport, proof of re­mit­tance, sea man's book, job con­tract, and proof of kin­ship to OFW such as mar­riage and birth cer­tifi­cate.

Ad­min­is­tra­tor Hans Leo Cac­dac of the Over­seas Work­ers Wel­fare Ad­min­is­tra­tion will also be in­vited to speak on the Na­tional Rein­te­gra­tion Pro­grams for OFWs, and Toots Ople of the Ople Cen­ter will speak on hu­man traf­fick­ing and il­le­gal re­cruit­ment.

An open fo­rum will be held with Ad­min­is­tra­tor Bernard Olalia of the Philip­pine Over­seas Em­ploy­ment Ad­min­is­tra­tion; Roel Mar­tin, of­fi­cer-in-charge of the Na­tional Re-in­te­gra­tion Cen­ter for OFWs; and Jus­tice Un­der­sec­re­taryEm­me­lineAgli­pay-Vil­lar, as pan­elists.

Suc­cess­ful en­trepreneurs were also in­vited to share their ex­pe­ri­ences and in­spire OFWS to wisely spend their hard-earned money.

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