REWARDS OFW Cooperative Bank
As originaly envisioned by Overseas Contract Workers & Family Credit Cooperative (OCWFCCI) to have an OCW Bank that Exchange Rate are fixed in a denomination of Gold Standard weather an international financial crisis hits the Dollar value. The remittance of OFW members and family will not be affected.
Now, the same mission are putting into action that 3 to 5 years from the founding of jRMC it will establish the first Overseas Filipino Worker (OFW) Cooperative Bank, by the OFWs, and for the OFWs, by pooling resources of Filipinos all together by making a monthly savings of US$100 each from the original target of OCWFCCI 10% of the 5 Million overseas contract workers in 1987 at that current exchange rate PhP 14.00 to a Dollar. PhP 700 Million could be raised.
Currently as of this writing we have 12 Million Overseas Filipino Workers around the world.
Now, the same mission are putting into action that 3 to 5 years from the founding of jRMC it will establish the first Overseas Filipino Worker (OFW) Cooperative Bank, by the OFWs, and for the OFWs, by pooling resources of Filipinos all together by making a monthly savings of US$100 each from the original target of OCWFCCI 10% of the 5 Million overseas contract workers in 1987 at that current exchange rate PhP 14.00 to a Dollar. PhP 700 Million could be raised.
Currently as of this writing we have 12 Million Overseas Filipino Workers around the world.