What does BPBH mean in NON-PROFIT ORGANIZATIONS
BPBH stands for Balik P1inas Balik Hanapbuhay, and is a government-funded program offered by the Philippine Department of Labor and Employment (DOLE). The program provides financial assistance to displaced Overseas Filipino Workers (OFWs) who wish to return home and start their own small business. BPBH aims to provide livelihood opportunities, through the provision of capital and technical assistance, so that OFWs can secure gainful employment within their native communities
BPBH meaning in Non-Profit Organizations in Community
BPBH mostly used in an acronym Non-Profit Organizations in Category Community that means Balik Pinas Balik Hanapbuhay
Shorthand: BPBH,
Full Form: Balik Pinas Balik Hanapbuhay
For more information of "Balik Pinas Balik Hanapbuhay", see the section below.
Essential Questions and Answers on Balik Pinas Balik Hanapbuhay in "COMMUNITY»NONPROFIT"
How much financial assistance does the BPBH Program provide?
The BPBH Program offers Php 200,000 in financial assistance for displaced OFWs who enter into the program. This amount is intended to help cover costs such as acquiring materials and supplies, renting office or commercial space, purchasing equipment and tools, and other necessary expenses associated with establishing a small business
Who is eligible for the BPBH Program?
Any OFW who has lost his or her job overseas due to various reasons such as natural disasters or labor disputes that led to displacement is eligible for enrollment in the BPBH Program. In addition, applicants must meet certain requirements including having at least one year of documented experience in their profession, having been involved in income-generating activities while abroad, being registered with Philhealth and Social Security Systems (SSS), having proof of remittance of income earned from overseas work
What types of businesses can be established through the BPBH Program?
The businesses eligible for the BPBH Program must fall under three criteria. These criteria are that it should have potential for growth in an underserved area; have low environmental impact; generate enough income for a sustainable living wage; and involve local community participation. Eligible industries include agri-businesses such as fruit tree farming and vegetable gardening; service-oriented enterprises such as food catering services or computer training centers; retail businesses such as groceries or second-hand clothing stores; manufacturing operations such as metalwork shops or furniture makers; trading operations like buying components to build customized items; livestock raising; aquaculture or fishpond businesses
What types of technical assistance are available for participants of the BPBH Program?
Technical Assistance (TA) provided by DOLE includes training on entrepreneurship development, financial management/bookkeeping services, basic marketing strategies/concepts applicable to microenterprises/small businesses, product packaging/labeling techniques related to enterprise activities, occupational safety & health standards among others. In addition to TA offered by DOLE's own personnel or its accredited organizations/institutions accredited service providers may also be tapped by recipients whenever needed
What other forms of assistance are available through the program?
Aside from cash grants and technical assistance, participants can also access information & linkages support services geared towards product promotion & market access studies related to their products & services. It also provides legal protection & security measures such as filing complaints against unlawful practices that affect their businesses. To set up associations where they could operate cooperatively & establish networking capabilities among themselves shall also be extended by DOLE Regional Offices upon request from these BALIK PINAS BALIK HANAPBUHAY beneficiaries
Final Words:
Balik P1inas Balik Hanapbuhay (BPBH) is a government-funded program offering financial aid and other forms of support to qualified Overseas Filipino Workers looking to establish a small business back home. With its generous grants provided alongside technical assistance training packages tailored according to the business chosen by applicants—the BPBH Program presents an excellent opportunity for those interested in returning home permanently while starting a career within their native communities