The dream for an OFW Bank
That’s the vision founders of OFW Net Foundation and OFW International Holdings shared to invited guests and community leaders in Jeddah who attended its first meeting in Harry Ramsden Restaurant on Thursday night.
The OFW Bank, when in operation in 2006, will be “fully owned and patronized by OFWs themselves… it is envisioned to be the ’sweetest fruit and nectar’ of the sweat, and sacrifices of Filipinos who ventured to work outside of their mother country because of economic hardships.”
http://www.theofwonline.com/STORIES/z_ofw_bank.htm
A leader of an umbrella organization of licensed recruitment agencies on Monday asked lawmakers to carefully study the proposals to put up a bank for overseas Filipino workers.
Lita Hizon, chairman of the Federated Association of Manpower Exporters, expressed her reservations to the pending bill at the Senate and House of Representatives for an OFW bank.
Hizon said she fears that the propose OFW bank would suffer the consequence that befell other commercial banks […]
Original post by Don Kishote