The 2-Billion Reintegration Fund has continuously encouraged OFWs to become entrepreneurs since its launch in June 2011.
Carlo Domingo Cania Casinto is a land-based migrant worker working as Course Director of the Royal Commission–Jubail University, Kingdom of Saudi Arabia (OFW) for three (3) years now.
Like any OFW who hopes to provide better future for his family, Casinto makes sure he keeps up with his financial goal. Part of the goal is to put up his own business, a pharmacy franchise. This became true in July 2012 when his pharmacy store was established out of his own earnings in Piapi Street, Davao City. His objective in setting up the business is to have a “safety nest economically”, in case his overseas work will no longer sustain their needs. Incidentally, his pharmacy store was the first in the area. His wife manages the store while he is abroad.
During his vacation in 2012, Casinto learned about the 2-Billion Reintegration Program. He saw the potential of putting up another branch of pharmacy store. He visited RWO-XI and applied for loan to realize his second venture.
For him, availing of the program “is not an option but a need”. “Here, it is not just about having access to financing institution but knowing how to manage one’s finances wisely”, he added.
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