UCSP

Name : CAPILI, RYZA JADE C.
Date : NOV. ,2024
Grade & Section : 12-PROFICIENT

Subject : UCSP
PERFORMANCE TASK 1
Name of the Successful Person : Rey Calooy
Residence : Cebu, Philippines
Present Position : Founding Chairman of RNC

Marketing
Nature of Work : Business
Sources of Information : Carlo S. Lorenciana (The

Freeman) – October 15, 2018 – 12:00am
Rey founded RNC Marketing, a micro packing innovator established in 1994.

He said he saw an opportunity to serve the under-served “sachet economy”
in the Philippines in the 1990s. His business repacks sugar, coffee creamer,
oil and coffee among other products into micro-packs, making it accessible
and affordable.
CEBU, Philippines — Rags-to-riches entrepreneur Rey Calooy, 48, was

exposed to poverty at an early age.
It was a hard life for Rey, born to a poverty-stricken family from Leyte
province, having to work hard in his early years to help his family and make
ends meet. His rags-to-riches journey began when he struggled to raise
money for his studies and engaged in making rags.
As a teenager, Rey, decided to go to Cebu in search for greener

pastures. He worked as a “kasambahay” and a porter at Carbon Public
Market in Cebu City.
Because of the challenging situation he was in, he had to learn how to

make money and how to be financially independent.
Poverty became his motivation to succeed and attain financial success

for himself and for his family.
Rey’s business journey started in 1994 when he founded his own
company RNC Marketing which was initially engaged in trading and
repacking of industrial products in Cebu with a capital of P20,000 from his
two-year savings while working as sales representative of a pharmaceutical
firm.
His business repacks sugar, coffee creamer, oil and coffee, among
other products into micro-packs.
In an interview with The FREEMAN, the inspiring story of Cebu’s “Iron

Entrepreneur” teaches us a thing or two about money and the formula for
financial success.
 Looking back, how did you view the idea of earning money
and learn about building wealth?
When I was kid my parents couldn’t make both ends meet, so I helped
them by picking wild kangkong (water spinach) and scrap materials, then sell
then every early morning before going to school. When I went to school, I
also used to bring fruits to exchange them for papers. During exams, I sold
these papers to my classmates. If I sold the fruits for cash, no one would buy
and they might just get rotten.
Then after I sold them, I used the money to buy scrap and junk
materials such as empty bottles and the likes especially during no classes.
With this I was able to appreciate myself to be financially independent and
help my parents in terms of “baon” and school expenses during my
childhood days.
 Having lived in poverty before, what have been the

greatest money lessons you’ve learned especially when it comes to
investing and saving?
Money is a blessing from God contrary to what others are saying that
money is a source of evil. The greed for money is the root cause of all evils.
Through money as a blessing from God, I was able to invest in education for
my brothers and sisters.
I was also able to enroll my parents in SSS (Social Security System)

then after 10 years they became pensioners and they were no longer asking
for financial assistance.
I usually invest in long-term investments such as mutual fund, life

insurance, educational insurance, fire insurance and health insurance. I don’t
invest in short-term investments with high return and high promise which are
usually too good to be true.
 Having been a successful entrepreneur now, what are your

best investment advices especially to the millennials?
Invest first in the right education and financial knowledge because

without the elementary financial background is like a child wandering
through a tangled forest trusting blindly to luck.
To millennials, if you work to learn it is an investment but if you work

for money it is an expense. Work first in small companies then accept multi-
tasking position, learn from the wisdom of your boss and whatever salary
you earn, save it. I also encourage you to engage in sidelines for extra
income before you engage in a formal business. Your best capital is “KITE”
which stands for knowledge, imagination, time and energy.
 What was the formula for your financial success?
I always have believed that hard work beats all the talents and skills if
these do not work hard for you. Learn the value of saving, it’s the foundation
of wealth. Saving doesn’t make you rich per se but what makes you rich is
the discipline that you put into savings.
Money is God’s blessing and you have to take care of it. Don’t spend it
on nothing, it’s a life blood of every human being.
 How do you view the concept of money and its role in one’s
life?
In today’s modern time, no one has ever lived without money. Financial
education should be taught at home and in school. We even lobby it to be
included in the curriculum in school especially its basic role and the right
purpose of having money.
Money is a non living thing commodity but it can change one’s life and
even the world. The ultimate purpose of wealth is to help others. (FREEMAN)

UCSP

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Name : CAPILI, RYZA JADE C.

Date : NOV. ,2024

Grade & Section : 12-PROFICIENT

Name of the Successful Person : Rey Calooy

Residence : Cebu, Philippines

Present Position : Founding Chairman of RNC

Nature of Work : Business

Sources of Information : Carlo S. Lorenciana (The

Rey founded RNC Marketing, a micro packing innovator established in 1994.

CEBU, Philippines — Rags-to-riches entrepreneur Rey Calooy, 48, was

As a teenager, Rey, decided to go to Cebu in search for greener

Because of the challenging situation he was in, he had to learn how to

Poverty became his motivation to succeed and attain financial success

In an interview with The FREEMAN, the inspiring story of Cebu’s “Iron

 Having lived in poverty before, what have been the

I was also able to enroll my parents in SSS (Social Security System)

I usually invest in long-term investments such as mutual fund, life

 Having been a successful entrepreneur now, what are your

Invest first in the right education and financial knowledge because

To millennials, if you work to learn it is an investment but if you work

 What was the formula for your financial success?

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