Nol montalbo biography examples

Wise Businessman Nol Montalbo Uses P1, 500 Borrowed Capital To Made Multi-Million Business

A wise businessman Nol Montalbo made a multi-million business using only a capital amount of P1, 500 he borrowed from his classmate.

In 2006, the cable business of Montalbo family went bankrupt making their life a little bit difficult compared to their previous lifestyle.

However, Nol Montalbo’s perseverance prompted him to start his own business shifting his time to entrepreneurship instead of pursuing a career as a medical doctor after finishing his degree.

Montalbo borrowed an amount of P1, 500 from his classmate for having no money to start his soap-making business.

At that time, there is a huge demand for soap business, which makes his first attempt successful and repays his debt in less than a week.

The entrepreneur pursues his soap business and repeated the same cycle for a couple of months until he received a huge order: 70, 000 pieces of soap.

The businessman borrowed P80