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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 329 - APPROVING
AN AMNESTY PROGRAM FOR ALL OVERSEAS WORKERS WELFARE ADMINISTRATION
(OWWA) LIVELIHOOD LOANS
WHEREAS,
pursuant to its mandate to promote the welfare of Overseas Filipino
Workers (OFWs) and their dependents, the Overseas Workers Welfare
Administration or OWWA, hereinafter referred to as OWWA, has instituted
a livelihood program designed to provide alternative income sources and
augment the living income of OFWs and their dependents;
WHEREAS, after eleven (11) years of implementation and favorable
indications of success of the program, the OFW program availees have
accumulated loan arrearages which has made difficult their
regularization of loan payments;
WHEREAS, the OWWA Board of Trustees, after a thorough deliberation
during a Special Meeting on 21 May 1999, has approved program changes
and policy recommendations, including the Amnesty Program of all
livelihood loans;
WHEREAS, said program improvements and policy recommendations are in
line with the government’s thrust to alleviate the plight and unburden
the clients;
WHEREAS, the strategy has been proven effective in the recovery of
exposure, which likewise for OWWA, shall increase funding for
livelihood relending purposes and improve the repayment rate;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby approve the Amnesty Program of all OWWA Livelihood Loans in
accordance with the following:
Section 1.
Livelihood loan availees with arrearages as of effectivity of this
order shall apply in writing subject to processing and action as per
governing rules.
Sec. 2.
Sec. 3.
Sec. 4.
a.
b.
c.
d.
Sec. 5.
Foreclosure proceedings shall be suspended during the effectivity of
the Amnesty Program to allow borrowers to avail of the benefits of the
program.
Sec. 6.
Done in the City of Manila,
this 29th day of December, in the year of Our Lord, Two Thousand.
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