Logo of Phnom Penh Post newspaper Phnom Penh Post - Agricultural agency to offer loans to displaced Filipinos in Middle East

Agricultural agency to offer loans to displaced Filipinos in Middle East

Content image - Phnom Penh Post
Agriculture Secretary William Dar. PHILIPPINE DAILY INQUIRER/ANN

Agricultural agency to offer loans to displaced Filipinos in Middle East

Returning overseas Filipino workers (OFWs) displaced by the conflict in the Middle East may avail themselves of loans from the Philippines’ Department of Agriculture (DA) to finance alternative means of livelihood.

In a statement to the press, DA said it was willing to provide emergency loan assistance at zero interest worth 25,000 pesos ($500) each to returning OFWs from Iran and elsewhere in the Middle East.

“They may opt to avail themselves of a bigger amount under the recently approved DA-Agricultural Credit and Policy council Micro and Small Agribusiness Loan Program, where they can borrow from 300,000 pesos up to 15 million pesos at zero interest, payable in five years,” Agriculture Secretary William Dar said.

With rising tensions between the US and Iran, the Philippine Embassy has mandated the evacuation of some 1,600 Filipinos in the conflict-ridden country, but this was eventually lifted by Labour Secretary Silvestre Bello III after a few days.

The country’s three major domestic airlines have also committed to assisting the government in bringing home Filipinos living in the Middle East by offering free flights.

The DA, for its part, has opened its doors to OFWs who would decide to stay in the country following the conflict. The loans offered could be used to invest in agro-fisheries ventures.



  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as

  • Flights from Indonesia, Malaysia cancelled

    A Ministry of Health official has warned of the possibility of Covid-19 spreading through community transmission after the total infected cases in the Kingdom rose to 225. Ministry spokeswoman Or Vandine told reporters on Saturday that the possibility of community transmission cannot be overlooked and that

  • Man in quarantine dies of ‘overdose’

    The Ministry of Health on Thursday said a Cambodian migrant worker who died while being isolated at a quarantine centre in Tbong Khmum province’s Kroch Chhmar district may have died from syncope or overdose of tablets. In a statement, the ministry said the 21-year-old

  • Ministry set to reopen 20 schools in August

    The Ministry of Education, Youth and Sport will allow 20 high-safety-standards schools to reopen next month despite new cases of Covid-19 in the country. Ministry spokesperson Ros Soveacha wrote in a Telegram message on Wednesday that the schools are in Phnom Penh, Siem Reap and Battambang.