Overseas Filipino Workers (OFWs) who want a better future decide to leave their families temporarily and work abroad. Most of them dream of starting their own business that will serve as an additional income-generating source. One way to fast-track this dream is to secure an OFW loan for Filipinos. This type of loan is able to assist numerous families of OFWs in putting up their business ventures.
Popular Food Business Ideas for OFWs
- Sari-Sari Store or Mini- Grocery
This is the simplest and easiest business to set up. A simple Sari-Sari store requires a minimal amount of investment especially if you use an unused area of your home and the family members are working together. The capital investment will be higher if you are going to rent a space or construct your own store. Projected starting capital is between P50k to P100k.
- Food Cart Business
Filipinos love food especially all-time favorite fishball, kwek-kwek, fries, burgers, pizza, siomai and a lot more. These foods are found in almost every corner of the neighborhood, malls, parking lots, university belt areas, MRT stations and other crowded places. The capital investment to franchise a food cart business starts at P25k up to P300k. If you do not have enough money, get help from borrowing an OFW loan thru a fast cash loan provider in the Philippines.
- Franchise a Restaurant
A restaurant franchise of a known brand assures the potential return of investment and profit. The money you invest will grow fast because you are not on your own.
You are guided by an established food brand, business concept, fixed system and expertise of people handling the business. The cost of investment for a restaurant franchise is from P300k above.
- Open your own restaurant, café or bar
Opening your own food joint is another option. This is the best if you want people to patronize your specialty dish or beverage. Although the risk is higher, the prospect of offering something new to people is a great motivator to venture in this type of business. The investment capital starts as low as P100k to P300k.
Investing your hard-earned money in the food business industry is a step towards more financial independence. You can start it while you are abroad and become your main source of income when you decide to come home. Start saving for your dream business and when you need financial assistance to make it come true, allow OFW loan to help you achieve it.