The peso-dollar exchange rate has always been so vulnerable and constantly changing but most of the time, peso value falls down compared to dollar rate. In correlation to this effect, many seamen and overseas Filipino workers are having a hard time earning more. The fact is, if the peso-dollar exchange rate is low, chances are, the dollars these workers are earning from overseas jobs will pay them low also.
Because of this trend in the industry of money remittance, many Filipinos choose not to send their working dollars to the Philippines but instead go for what is called as the OFW loan or a Seaman's loan if they work in the maritime industry. If this trend continues, Pinoys will surely be looking for other channels to send money to the Philippines and one good way to do that is by allowing their allotee or salary recipients to get the money they receive to apply for the said loan types mentioned above.
If you are an OFW or a seaman looking for loan, you can view basic ofw loan requirements or contact this person for more information. - You can make free inquiry by calling Sam Casuncad (loan consultant) (home phone: 366 36 45) or Sun Cellular No at (0932 - 872 5532).
You may also email me at samcasuncad.ofwcashloan@gmail.com. If you TXT me or send me an email, don't forget to write your name and your email address so I can send you back a reply note regarding your inquiry or specific loan concern... Note that as of now, 2012, our company only offers loan to seaman and seawoman for the overseas Filipino worker category... OFWs will have to wait for further notice.
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OFW and Seaman's Loan in the Philippines
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banking finance
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