WorldCom Finance against OFW poverty

Being an overseas Filipino abroad isn’t an easy task. People leave behind their families, friends, acquaintances, and entire careers to move to another country on their own and make a better living for their loved ones.

It’s here that the path to a better future lies, but it is often associated with hard work, low pay, and seeing professors in the Philippines work as nannies in this new location.

It’s only logical that this kind of sacrifice should result in exceptional income that would ensure a wonderful future in their homeland upon their return. However, if this is the reality, why do millions of Filipinos get stuck working abroad for years on end without any hope for improvement. And why do they stay in poverty even given their long hours of work?

In 2010, Fr. Edwin Corros revealed that 60 percent of the OFW families remain poor. Among dozens of reasons some like paying off debt or being paid less than promised are rather weighty. However, no reason is as bold as consumptionism.

What do we mean by this?

As an OFW sends money back home for schooling, education, bills and savings, the family starts off getting into the “spending mode”. They can treat their friends and neighbors with drinks, go out every other day and live a luxurious life filled with gadgets, entertainment and fun… for the first half of the month. And then they contact the OFW asking for more money that this employee, who also has traits of consumptionism just can’t afford to send. And off to debt they go.

The strangest thing is that next month when the money comes in, nothing changes. The spending behavior remains the same, and it only adds to the debt already lying heavy on the OFW’s shoulders. This results in disasters: OFWs start looking for second jobs illegally, they get exhausted and are tricked into working in extremely bad conditions. An OFW who has spent a decade working abroad can finally return home empty-handed with nothing saved for education, home, or a better future.

We at WorldCom Finance realized how aggravating this scheme is, and created a money remittance service that cares. Our money management schemes, saving accounts and direct payment systems will allow OFWs not to get into debt and to set aside money for their dreams. Visit www.worldcomfinance.com for more detail.