Isabelita Manalastas- Watanabe / Jeepney Press

ADVICE NI TITA LITS Take it or Leave it!

by Isabelita Manalastas-Watanabe

Dear Normita (from Koiwa):

Maswerte ka, dahil hindi lang sa last (Spring 2023) issue ang sagot ko sa iyong katanungan tungkol sa franchising business. Binuo na ni Tita Lits ang kailangan pang malaman mo (at lahat tayong mga OFWs sa Japan), kung papaano ka/tayo matutulungang magkaroon ng franchise sa Pilipinas.

Itong information below, ay galing derecho sa Bank of Commerce (BankCom), isang affiliate ng San Miguel Corporation (SMC). So tingin ko, safe bet kang mag-save thru BankCom para mag-qualify ka (o ang iyong bene ciary sa Pilipinas) kung dahil man lang sa untarnished reputation of SMC.

SIKAPPINOY ASENSO

Helping Filipino migrant workers return home to a secure future

Bank of Commerce seeks to create a sustainable positive impact in the lives and families of OFWs. This program was designed for Overseas Filipinos and their families who would like to have their own business for retirement or once they return home to the Philippines. This program will enable them to generate revenues and savings to fund a business investment for a nancially stable future.

OFWs can select from any of the following SIKAPPINOY ASENSO variants:

SIKAPPINOY “Saver”

• This program is for OFWs who want to build savings for the purpose of acquiring a franchise

• Bank of Commerce will endorse the OFW to U-franchise for client assessment and franchise selection

• Once OFW has been assessed and a franchise is selected, he/she is endorsed to Bank of Commerce for account opening

• OFW will open two (2) Sikappinoy Accounts : one account for the remittance and the second account for settlement (refer to list of Document Requirements below).

• If OFW, has an existing Bankcom account, he/she will only need to open a Sikappinoy account for franchise fee settlement

• Bank of Commerce facilitates the account opening and enrolls the OFW account in the eBanking facility (Bankcom Personal)

• Using the eBanking Facility, OFW will program auto-debit payments to his/her Sikappinoy Account to save-up for the target franchise

• Once the franchise fee amount is reached, OFW shall coordinate with Bank of Commerce to nalize the franchise application

• Once the franchise application is approved, OFW settles the franchise fees with franchisor through debit & credit arrangements with Bank of Commerce

SIKAPPINOY “Express”

• This program is for OFWs who already have savings and interested to immediately acquire a franchise

• Bank of Commerce will endorse the OFW to U-franchise for client assessment, franchise selection and application

• Once OFW has been assessed and the franchise application is approved, he/she is endorsed to Bank of Commerce for account opening

• OFW will open two (2) Sikappinoy Accounts : one account for the remittance and the second account for settlement (refer to list of Document Requirements below). If OFW, has an existing Bankcom account, he/she will only need to open a Sikappinoy account for franchise fee settlement

• Bank of Commerce facilitates the account opening and enrolls the OFW account in the eBanking facility (Bankcom Personal)

• Using the eBanking Facility, OFW send the franchise fee to his remittance account and shall coordinate with Bank of Commerce to arrange for settlement of the franchise fees with franchisor

SIKAPPINOY “Access”

• This program is for OFWs who would like to apply for a back-to-back credit facility for the franchise acquisition

• Bank of Commerce will endorse the OFW to U-franchise for client assessment, franchise selection and application

• Upon approval of franchise application, OFW will :

- Open two (2) Sikappinoy Accounts : one account for the remittance and the second account for settlement (refer to list of Document Requirements below). If OFW, has an existing Bankcom account, he/she will only need to open a Sikappinoy account for franchise fee settlement

- Submit an application for the back-to-back loan

• Bank of Commerce facilitates the account opening and back-to-back loan

• Once account is opened, Bank of Commerce enrolls OFW account in the eBanking facility (Bankcom Personal)

• Bank of Commerce releases the loan to the OFW

• OFW shall coordinate with Bank of Commerce to arrange for settlement of the franchise fees with franchisor

Franchise Opportunities for OFWs

Bank of Commerce has a special partnership with U-Franchise to provide OFWs and their families over 200 franchising opportunities in different business categories.

For more information, visit: https://www.ufranchiseasia.com

1. One valid photo-bearing ID (PASSPORT IS YOUR BEST ID)

3. Any one proof of OFW status: Work Permit, Visa, Overseas Employment Contract (OEC), OWWA ID, Seaman’s Book, CFO Certificate, or PDOS Certificate

4. For Asenso and Express programs, OFWs should submit a Bank Statement as proof of Sufficient funds for acquiring a franchise

Hintay pa tayo ng kaunti. Baka magbisita sa atin sa Japan ang BankCom SIKAPPINOY ASENSO TEAM. Kung magpapa-seminar sila, huwag kalimutang dalhin ang ORIGINAL PASSPORT NINYO JUST IN CASE MAY PA-FILL UP NA INFORMATION FORM AS A FIRST STEP SA INYONG PANGARAP NA MAGKAROON NG FRANCHISE!

Tita Lits

Isabelita Manalastas-Watanabe

Jeepney Press