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LACK OF FINANCIAL LITERACY IS ONE REASON WHY OFWs CANNOT ESCAPE POVERTY – VILLAR

Senator Cynthia Villar in her capacity as director of the Villar Social Institute for Poverty Alleviation and Governance (Villar SIPAG), has announced the holding of the 8th OFW and Family Summit on Nov. 21 at the World Trade Center in Pasay City.

The annual summit has become the go-to event for trainings and discussions designed to address the needs of the overseas Filipino workers (OFWs) and their families.

With the theme “OFW: Perang Pinaghirapan, Palaguin,” the one-day summit will focus on topics that will guide OFWs and their families on how to make their money grow.

“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,” the seasoned legislator said.

“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.”

“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,” the veteran lawmaker added.

“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.”

The lady senator also encouraged government agencies as well as private organizations to “make it their mission to increase financial literacy among our people.”

The summit is open for all OFWs or their beneficiaries such as spouse, children, parents or siblings. 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 certificate or birth certificate. Online registration can also be done through http://ofwsummit2018.villarsipag.org.

Camille Villar, President of All Home will give the opening remarks while Senator Villar will give the closing remarks.

Experts were invited to speak on different subjects such as financial literacy, business start-ups, franchising and career development program.

Meanwhile, representatives from the Overseas Workers Welfare Administration, Department of Foreign Affairs and the Philippine Overseas Employment Administration were invited to speak on different issues concerning OFWs. Toots Ople of the Ople Center will speak on human trafficking and illegal recruitment.

An open forum will also be held with government officials, including Atty. Emmeline Aglipay-Villar, undersecretary of the Department of Justice, as one of the panelists.

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

Attendees will have the chance to win a House and Lot from Camella, a motorcycle from Star 8 Green Technology Corp., Pangkabuhayan Showcase from All Day Supermarket, and Appliance Showcase from All Home.

 

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