Many Villar grew up in the cramped neighborhood of Tondo, Philippines district in Manila. As a lad he would help his mother sell seafood in the commercial market of Divisoria. At the same time, he would observe the Chinese traders at work and notice how they were able to succeed in sales.
After studying Business Administration and working at an auditing firm, he ventured into the seafood's business but it went bankrupt; Villar was only 22 by then. He then worked for another company as a loan specialist.
After studying Business Administration and working at an auditing firm, he ventured into the seafood's business but it went bankrupt; Villar was only 22 by then. He then worked for another company as a loan specialist.
But his childhood memories kept him restless. At 25 and with P10,000 in borrowed capital, Villar acquired two reconditioned trucks and started a gravel and sand business servicing housing business, construction houses on 80 lots sold to him at only 10% down-payment and with the balance to be financed by the company. The project was a success and Manuel Villar became a millionaire at 26.
Villar had decided to focus on low-cost housing, but with a new idea. He would buy unused or irregular-shaped lots ignored by mother housing developers, subdivide them and build affordable houses that could be financed by mortgaging from the government's housing agency. Thus was born Camella Homes and Palmera Homes, which virtually redefined mass-market housing in the Philippines.
Over the years his projects have focused on different sectors of the Filipino market, but at its core is still the kind of product Villar build his fortune upon: housing. Today Manny Villar is not only a outstanding entrepreneur but a legislator, authoring vital economic bills which are also designed to help develop business and stimulate, yes, entrepreneurship.
Words of Manny Villar " It is very hard to be entrepreneurs. You will suffer and meet all kinds of problems. It could be extremely. But . . . those hardship make success all the more sweet."
Continue Reading on Success Stories . . .
Villar had decided to focus on low-cost housing, but with a new idea. He would buy unused or irregular-shaped lots ignored by mother housing developers, subdivide them and build affordable houses that could be financed by mortgaging from the government's housing agency. Thus was born Camella Homes and Palmera Homes, which virtually redefined mass-market housing in the Philippines.
Over the years his projects have focused on different sectors of the Filipino market, but at its core is still the kind of product Villar build his fortune upon: housing. Today Manny Villar is not only a outstanding entrepreneur but a legislator, authoring vital economic bills which are also designed to help develop business and stimulate, yes, entrepreneurship.
Words of Manny Villar " It is very hard to be entrepreneurs. You will suffer and meet all kinds of problems. It could be extremely. But . . . those hardship make success all the more sweet."
Continue Reading on Success Stories . . .
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