Uncategorized

August 18, 2022

SHARE:

With zero funding, Filipino entrepreneur MJ Loleng built her start-up company, Ecobriqs Charcoal Briquettes, an innovative eco-friendly charcoal business from waste coconut shells.

She was able to attract investors with her idea who also had a passion for sustainability and providing employment to those who are poor in the Philippines, as she said that she experienced being poor herself. MJ wants to show that poverty is no reason to give up on ambitions.

MJ wrote on her Facebook, “For the past 4yrs I was just crystal focus on surviving and making things happen. I know I’ve always wanted to help, and I know that I can do it by building a business.”

When “Samgyeopsal” or Korean BBQ restaurants became popular in the Philippines, Ecobriqs experienced a surge in popularity. Briquettes were the ideal kind of coal to use since they did not produce smoke or odor and could be used more than once.

The pandemic drove several eateries to close, putting Ecobriq into a major setback for half a year, but MJ thought of another idea. She collaborated with her friends and opened their own Korean BBQ restaurant, Umma’s Samgyup Café, with a starting capital of P5,000 ($90).

As a result of MJ’s expanding business portfolio, she is now able to bring in more than P100,000 ($2000) per month, and learned stock trading in order to increase her income.

Her advice to aspiring entrepreneurs is to be persistent in achieving their goals, “I also didn’t know how we got this far. I just keep the faith, believe in my team, took the risk, give it ALL IN, and did my best” 

Related Articles

Image Source: FOX5 New York

News

Manhattan’s Chinatown Receives $20M Funding For 11 Post-pandemic Revitalization Projects

Manhattan’s Chinatown is one of the neighborhoods that has been impacted the most severely by the pandemic.

New York Governor Kathy Hochul unveiled eleven transformational projects that would be part of the initiative to help the Chinatown community reopen corridors, restaurants, businesses, and cultural institutions. 

The projects include:

  • Renovating Kimlau Square
  • Beautifying the Park Row connection to Chinatown
  • Upgrading a section of Sara D. Roosevelt Park
  • Installing murals and light projection art throughout Chinatown
  • Expanding light-up Chinatown street lanterns
  • Opening a community health & wellness center
  • Reopening the childcare and family support center at Smith Houses
  • Creating a Building Upgrades Fund
  • Creating a Chinatown welcome arch/gateway
  • Establishing Asian Culinary Arts of New York
  • Establishing the Chinatown Cultural Welcome Center

“These critical investments will transform the neighborhood and create a more vibrant and inviting destination for locals and visitors alike while enriching the neighborhood by improving foot traffic, economic and cultural activity.” Governor Hochul said in a statement.

Image Source: K.M. Cannon / Las Vegas Review-Journal

News

Rochelle Nguyen Sits As The First Asian American Nevada Senator

Clark County Commission appoints Nevada’s first Asian American senator, Rochelle Nguyen, a state assemblywoman. 

“I plan on working hard to ensure we are adequately funding our public schools, that health care is affordable as well as accessible, and that all voices are represented,” Nguyen said, who will replace former state Sen. Chris Brooks for a job in the private sector.

Nguyen was nominated by Senate Majority Leader Nicole Cannizzaro, D-Las Vegas. The new Nevada senator’s appointment to the Finance, Judiciary, and Health and Human Services committees for the next parliamentary session was made public by the Democratic caucus. She will hold the position’s vice chair.

The caucus acknowledged her efforts on “landmark” legislation, which included reforming the criminal justice system, regulating short-term rental agencies, and advocating for victims of domestic abuse.

When Brooks was elected to the state Senate in 2019, Clark County made the decision to nominate Nguyen to replace Brooks in the Assembly. She eventually won the election for the seat in both 2020 and 2022.

Image Source: Vedant Fashions

News

Vedant Fashions Founder Made It To India’s Richest List From Selling Affordable Indian Wedding Couture

Ravi Modi started Vedant Fashions in 1999 with the Manyavar brand, selling pajamas, saris, sherwanis(long-sleeved outer coats), kurtas, lehengas (ankle-length skirt), and salwar sets (trouser-and-tunic combination).

Vedant Fashions designs clothes but outsources bulk of the manufacturing. It currently has 590 outlets in 228 Indian towns and 13 in North America and the UAE. 

Manyavar is its flagship men’s line, while Mohey is its 2015 women’s collection. Both are mid-premium or affordable aspirational.

According to Forbes, Modi listed 15% of the company on the Indian stock exchanges in February—the basis of his $3.75 billion fortune that adds him to the ranks of India’s richest this year for the first time.

Modi grew up with three sisters in Kolkata. His father was a first-generation entrepreneur who opened a clothes company in 1975. Kolkata’s AC Market is one of the city’s earliest air-conditioned markets, including clothing, jewelry, and electronics retailers. 

The 45-year-old billionaire lives in a big bungalow on the outskirts of Kolkata where he grows his own fruits and vegetables. With 30 years of retail expertise, he provides a fresh perspective on money and career. “Earning wealth without earning time is meaningless,” he told Forbes.

Moreover, according to Forbes, he spends a quarter of his time on business, asset management, and philanthropy, and the rest on health, relationships, and learning. His daily activities include meditation, yoga, and studying strategies of retailers such as LVMH, Nike, and Uniqlo.

Image Source: G’s Kpop Kilig Facebook

Stories

13-Year-Old Took Her Fangirling Into Greater Heights, Opens a K-Pop Inspired Milk Tea Shop

Filipino teenager Given Mendoza turned her fangirling into a business. As a K-Pop fan, she loves collecting merch of her favorite Korean pop idols. 

Given realized that these items can increase in value. She then found a way to earn by reselling them and worked on growing the business.

With the business’ great potential, the 13-year-old launched her online store, G’s KPop Kilig, “I decided to buy some albums for myself. I also bought some extra albums to sell, to see if I can earn profit,” she told the local news.

Later on, she was able to save enough to open a physical store in Baguio City, Philippines, and sells milk tea and K-Pop merch. As an “Army ”of the popular Korean group BTS, she also incorporates some inspiration to her milk teas.