NC Butuan conducts entrepreneurship dev’t training to OFWs

BUTUAN CITY, Aug. 10 — A total of 19 Overseas Filipino Workers (OFWs) and OFW dependents recently participated in the Enhanced Entrepreneurship Development Training (EEDT) conducted here.

Engr. Renato Corvera, DTI Agusan del Norte Provincial Coordinator for the Small and Medium Enterprise Roving Academy (SMERA) and Negosyo Center (NC) Butuan Manager, facilitated the entrepreneurial mind setting.

The training covered the concept of business, how to understand a business venture, and how to differentiate “poor mind and rich mind”.

Corvera also helped them determine their personal entrepreneurial competencies to check their strengths and possible weaknesses in handling a business.

Engr. Corvera also asked the participants to present their business ideas. After validation and clarifications, the participants filled out their respective draft business plans.

The business plan preparation session was a hand-holding activity where the entries were discussed in detail with the business plan owner. The format used was fitted to the requirement of the financing institution which the Overseas Workers Welfare Administration (OWWA) also partnered with, in this case Land Bank of the Philippines (LBP).

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In addition, Corvera presented common mistakes encountered by some businessmen and how they overcome them.

Since they will be applying for a loan to finance their business, the participants were given bonus topic on how to manage business money.

As a follow-through, the participants agreed to email the final draft of their business plan for comments and suggestions.

The training is an implementation of OWWA’s partnership with the Department of Trade and Industry (DTI), in order to help OFWs understand the world of business and obtain other inputs as required by the EEDT.

EEDT is part of the social preparation given by OWWA to applicants of the OFW-Enterprise Development Loan Program (OFW-EDLP), an enterprise development intervention and loan facility of OWWA. This is in partnership with LBP that intends to support enterprise development among OFWs and their families.

The activity was held at the OWWA Conference Room, Butuan City. (DTI-Agusan del Norte/PIA-Agusan del Norte)

Source: PIA Feed