For some OFWs, franchising may be the solution to coming back home “for good”.
There are many organizations promoting franchising as a business opportunity for OFWs.
- Royale Business Club Inc. – Official Microfranchise Service Provider of the NRCO (National Reintegration Center for OFWs)
- Philippine Franchise Association
- Association of Filipino Franchisers Inc.
I personally have interfaced with and invested in Royale Business Club through my entrepreneur friend Caloy (http://caloypinoy.blogspot.com/) .
Here’s a news clipping that takes a peek at what Pinoy OFWs are looking for in franchising.
OFW’s Eye Franchising
By MA. ELISA P. OSORIO
The Philippine Star
Overseas Filipino workers (OFW) are looking at becoming entrepreneurs to cope with the strengthening of the peso against the dollar.
“OFWs are now looking at franchising in order to compensate for the appreciation of the peso against the greenback,” said Armando O. Bartolome, president of GMB Franchise Developers, at the sidelines of the book launch of the Association of Filipino Franchisers Inc. (AFFI) at Powerbooks in Greenbelt.
According to Bartolome, OFWs and their beneficiaries are looking at obtaining a franchise that is priced anywhere from P150,000 to P500,000.
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