Ofw Financial Welfare | Loans | Interest

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  FINANCIAL WELFARE of OFWsResearch paper presented to:Ms. Jobelle Marra GarciaGeneral Matheatic !eacher  b :Lalaine #$%%ane C$eJohn &a'e C$stodioMonica An(ela EstabilloGl del Espara(o%aAnal n &enie(aAira &e G$ia Nathaniel &eleonJohn Cristian &i%onCAR!)*)+ October ,*)-  CHAPTER 1INTRODUCTION !his st$d iplies and deterine the iportance and ri(hts of O'erseas FilipinoWorers. In this st$d / the researchers 0ill identif on 0hich Lendin( Copanies do the OFWsdeser'e and 0hich is ore reliable to $se. !his st$d 0ill deterine the ri(hts/ iportance/ andthe ri(ht treatent for the 0orers. !his st$d 0ill also help $s to identif and $nderstand thead'anta(es and disad'anta(es of the Lendin( Copanies bein( copared. !he researchers 0illable to see 0hich one can 0e endorse and 0hich one deser'es the best lendin( copan for arecoendation. !his st$d sipl states that OFWs has their o0n ri(hts to choose on 0hichLendin( Copan is reliable for the to loan. OFWs are the person of   Filipino ori(in 0ho li'eso$tside of the +hilippines. !his ter applies to Filipinos 0ho are abroad indefinitel as citi%ensor as peranent residents of a different co$ntr and to those Filipino citi%ens abroad for aliited/ definite period/ s$ch as on a 0or contract or as st$dents. Most of the are doestichelper/ constr$ction 0orer/ seaan/ edical 0orer/ en(ineer/ factor 0orer and entertainer.+recisel / the are the one 0ho sacrifice their tie and happiness 0ith their failies to 0or inforei(n co$ntries. Instead of spendin( their tie for their lo'ed ones the 1re still 0orin( for the 2$st to li'e the life the need. 3$t that1s not the onl proble the are facin(. Financial proble/ is one of the proble that OFWs are coonl facin(. One of the reasons the 0antedto 0or abroad is that other co$ntries offers hi(her ao$nt of one / b$t soe of the stille4perience financial probles despite ears of hard 0or d$e to inefficient one ana(eent b$t/ there are lendin( copanies that are 0illin( to help the OFWs.  CHAPTER 2DATA GATHERING INSTRUMENT !he researchers $sed a s$ar 5$estionnaire to (ather responses fro the differentlendin( copanies. 3elo0 are the follo0in( 5$estions bein( ased to the respondents:).Wh do o$ choose to 0or abroad6,.Wh do o$ choose to 0or in other co$ntr instead of 0orin( here in the+hilippines67. What t pe of lendin( copan do o$ prefer in loanin(6 8.In 0orin( abroad/ are o$ satisfied on the salar o$ recei'e69.What inspires and oti'ates o$ to 0or in abroad6 -.What are the probles that OFWs are coonl facin(6 And also/ here are soe 5$estions for the lendin( copanies: ).What are the ad'anta(es and disad'anta(es on choosin( this lendin( copan 6,.Is this a sec$red lendin( copan 67.o0 lon( is the pa ent period68.What is the lo0est interest rate and fee cobination that o$ offer6 9.o0 lon( 0ill I be repa in( the loan6 Is there an penalt for pa in( off the loanearl 6-.Will there be fees in application or processin(6;.Will  loan be appro'ed e'en 0ith bad credit records in the past6<.Is there a penalt for pre=pa ent6>.Can I borro0 an ao$nt of one 6)*.o0 can I appl 6 !hese are the 5$estionnaire that the researchers $sed to (ather the data fro the respondents.  CHAPTER 3 DATA GATHERED FROM THE RESPONDENTS IN!ER?IEW OF 7 +ER#ON# FOR EAC LEN&ING COM+AN@First +erson  Nae: Nathalie #abinianoA(e: 7<&a s of 0orin( abroad: 8 earsCo$ntr : &$bai Wor: Factor Worer ).What ind of loan do o$ prefer0ant6 I prefer a loan that is a hi(h sec$red. ,. What lendin( copan do o$ loan6+a(asa lendin( copan .7.o0 $ch is the interest rate of this copan 6)9B8.o0 lon( is the pa ent period6), onths9.o0 $ch do o$ loan in e'er onth6)9*** ₱ -.Wh do o$ choose to 0or abroad6I chose to 0or to raise  o0n fail . ;.Wh do o$ choose to 0or in other co$ntr instead of 0orin( here in the+hilippines6It is better to 0or in other co$ntr beca$se there are lots of opport$nities.<.In 0orin( abroad/ are o$ satisfied on the salar o$ recei'e6@es I a satisfied on the salar that I recei'e onthl . In fact I can still sa'e one for  f$t$re needs.>.What inspires and oti'ates o$ to 0or in abroad6 M h$sband and  children inspires and oti'ate e to 0or here in abroad/ the (i'e e stren(th and co$ra(e.)*.What are the probles that OFWs are coonl facin(6