In a groundbreaking move, BMKQ and OFIE-M have teamed up to launch a financial literacy program aimed at empowering overseas Filipinos, set to kick off this August.
15 June 2024, Doha, Qatar – In a significant step towards empowering grassroots Filipino organizations, BMKQ and OFIE-M have signed a Memorandum of Understanding (MoU) to roll out a comprehensive Financial Literacy program. The MoU was signed by Eliseo Bermido, President of BMKQ, and Engr. Edgar Boyano, President of OFIE-M, on June 15, 2024, at Somerset Hotel Doha. The signing ceremony was attended by officers from both organizations, highlighting the collaborative spirit and shared vision for financial empowerment.
The partnership focuses on conducting a 5-week financial literacy class series, meticulously tailored for overseas Filipinos. These classes aim to address critical aspects of financial management and entrepreneurship, aligning with the Philippine government’s reintegration program. This initiative underscores the importance of equipping Filipinos abroad with the necessary skills and knowledge to manage their finances effectively and explore entrepreneurial opportunities.
Scheduled to kick-off this August, the program targets an initial batch of at least 30 participants. This first batch is just the beginning, with the program expected to continue with additional batches through the end of the year. The structured modules are designed to provide practical and actionable insights, ensuring that participants can apply what they learn to their personal and professional lives.
The MoU between BMKQ and OFIE-M also includes provisions for extension, allowing the program to expand and adapt as needed. This flexibility ensures that the collaboration can evolve to meet the ongoing needs of the Filipino community.
This initiative marks a crucial milestone in the efforts to foster financial literacy among overseas Filipinos, ultimately contributing to their financial stability and entrepreneurial success. Both BMKQ and OFIE-M are committed to supporting the Filipino diaspora through education and empowerment, reflecting a deep dedication to community development and sustainable growth.
BMKQ is a non-profit organization of Filipino construction workers in Qatar, accredited by the Philippine Embassy on July 24, 2015. It focuses on enhancing the social, civic, and spiritual well-being of its members, fostering responsibility, and providing assistance and support. BMKQ operates under the laws of Qatar and the Philippines, collaborating with governmental agencies to implement community programs.
OFIE-M, another non-profit organization, promotes financial literacy among Overseas Filipinos, particularly Overseas Filipino Workers (OFWs). It was accredited by the Philippine Embassy in Qatar on September 20, 2012.