How to save money tips for OFWs

OFSI conducts “Financial Literacy” seminar for OFWs

A unique seminar for Overseas Filipino Workers (OFWs) to better handle their personal finances was conducted in Salmiya Kuwait starting 14th August 2015.

The Overseas Filipino Stock Investors (OFSI) founded by Mr. Renz Leano conducted a “Financial Literacy” seminar to Overseas Filipino Workers (OFWs) working in Kuwait.

There were around 50 OFWs attended in this batch that lasted for more than three hours each session. The seminar is divided into five modules, and each module is conducted every Friday starting 14th August.

OFSI is a non-profit organization in Kuwait that advocates in teaching OFWs handle their personal finances. This seminar was the 8th Batch.

According to Mr. Leano, the mission of OFSI is to inform, inspire and instruct OFWs alike in handling their personal finances. He said that majority of OFWs were excellent worker in their chosen fields and landed high-salary paying jobs outside their country.

“The problem with most Filipinos once they work overseas is that their lifestyle changes, but their bank accounts were the same, or worse, there’s nothing”, says Leano.

Celestino Edubas, one of the participants, in the earlier batch said that the five-Friday seminar really changed his life.

“I learned how to invest in the Philippine Stocks Market. I was able to utilize investment vehicles, which I learned how to use from OFSI seminar” Edubas said.

He further said that added he invested in major companies in his country like Jollibee, Metrobank, Banco De Oro among many others.

“The seminar will continue in the future and until OFWs all over the world became financial literate”, continued Mr. Leano, who is an IT manager to a leading banking company in Kuwait.

If you are an OFW working in Kuwait and interested in participating the seminar for the next batch, for further information you may visit the following websites.

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  1. OFSI Batch 8 completes the five-module personal financial literacy seminar : Retech Son

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