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INTERNATIONAL
BUSINESSMAN
GROUP 2: CUTIE 2 AND THE BEAST
Manuel "Manny" Bamba Villar Jr.
Born December 13, 1949
Is a Filipino billionaire businessman. He has been a
Philippine Senator and the president of the Nacionalista
Party.
In this Philippine name, the middle name or maternal
family name is Bamba and the surname or paternal
family name is Villar.
EARLY LIFE AND EDUCATION
Manuel Bamba Villar Jr. was born on December 13, 1949
in Tondo, an impoverished and densely populated district
of Manila.
He was the second-born of the nine children of his
parents in a poor family.
His father, Manuel "Maning" Montalban Villar, Sr., was a
government employee from Cabatuan, Iloilo who worked
as an inspector for the Bureau of Fisheries.
EARLY LIFE AND EDUCATION
His mother, Curita "Curing" Bamba, was a seafood vendor
from a poor family in Orani, Bataan.
The family lived in a small rented apartment in a run down
slum area.
Villar's father was eventually granted a year-long
scholarship for higher education in the United States, which
led to a job promotion to a director position in the
Department of Agriculture and Natural Resources upon his
return.
EARLY LIFE AND EDUCATION
Villar initially attended Isabelo delos Reyes Elementary School.
Due to cramped conditions in Tondo, Villar's father obtained a
P16,000 loan from the Government Service Insurance System,
payable in 20 to 25 years, to build a home in San Rafael Village,
Navotas.
As a child, Villar initially attended earby public school in Tondo.
He also assisted his mother in selling shrimp and fish at the
Divisoria Public Market, as early as age six, in order to help earn the
money to support his siblings and himself to school.
EARLY LIFE AND EDUCATION
However, accompanying his mother interfered with his
education and he was forced to drop out from school during
Grade 1.
He was then enrolled at Tondo Parochial School (later
renamed Holy Child Catholic School), a private school in
Tondo run by priests, to complete his elementary education.
Villar finished his high school education at the Mapúa
Institute of Technology in Intramuros.
EARLY LIFE AND EDUCATION
He attended the University of the Philippines - Diliman
and earned his bachelor's degree in business
administration in 1970.
He returned to the same school to earn his master's
degree in business administration in 1973.[10] He later
characterized himself as being impatient with formal
schooling, and eager to start working and go into
business.
BUSINESS CAREER
After obtaining his bachelor's degree, Villar
began his professional career working as an
accountant for Sycip, Gorres, Velayo & Co. (SGV
& Co), the country's largest accounting firm.
He resigned from SGV & Co. to start his first
business, delivering seafood in Makati.
BUSINESS CAREER
However, when his largest customer was unable to pay him,
he negotiated a debt restructuring of sorts, selling discounted
meal tickets to office workers in exchange for receivables. He
then worked briefly as a financial analyst for the Private
Development Corporation of the Philippines, where his job
was to sell World Bank loans.
Wanting to start a business of his own again, he quit his job
and availed of one of the loans, which offered attractive
rates.
BUSINESS CAREER
In 1975, with an initial capital of ₱10,000, Villar purchased two
reconditioned trucks and started a business delivering s;and and
gravel for construction companies in Las Piñas.
This eventually segued into building houses, as Villar took out a
seven-year loan from a rural bank offering low interest rates.
From the loan, he kick-started building and selling homes at his
first project, Camella Homes Phase 1 and 2 in Las Piñas,initially with
160 units and would have resulted to be the country's largest home
building company, with an emphasis on low-priced mass housing.
BUSINESS CAREER
A notable innovation of Villar's companies was to sell
house and lot packages, when the common practice at the
time was to sell lots for future homeowners to build upon.
He initiated mass housing projects through economies of
scale, utilizing the cost advantages of developing a large-
scale project in order to bring down housing prices.
The number of homes built by Villar's companies totaled
to to over 200,000 units.
BUSINESS CAREER
In 1984, he founded Golden Haven Memorial Park,
a chain of cemeteries in the Philippines, started with
its first branch in Las Pinas and expanded in Cebu,
Cagayan De Oro, Zamboanga, Bulacan, and Iloilo.