Entrepreneur succeds in "pungko-pungko" trade
CEBU, Philippines – “Bisag ginagmay ra ni among negosyo, ang kita kanunay man,” (Even if our business is small scale, at least we have a regular income), this according to Ricardo Espellarga, a 47-year old vendor.
Espellarga has been into the food business for two decades already. What makes him distinct in such industry is how he sells his products.
Over the years, he started out vending food that were placed inside a basket, then through a pedicab and a tricycle that was eventually transformed to a roving food store through his multicab which is then referred as mobile pungko-pungko.
Pungko is the Cebuano term of “squat” and pungko-pungko is popularly known as a way of eating wherein customers sit on small, low benches along the roadside with a container or several trays containing a variety of dishes on top of the table.
With an initial investment of P500, Espellarga spends P5,000 for his daily capital and earns P800-P1,000 as his profit every day.
He cited that since they do not observe holidays nor day-off, the family-owned business yields an estimated of P30,000 per month.
With his revenues from the business, he was able to invest on a two-story house and two multicabs.
He added that food vending has provided the funds to be spent for his family’s daily consumption, other needs and the education of his
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