Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    She Moved Abroad at 20 With No Connections—Now She Leads HR Across Southeast Asia

    May 23, 2025

    What Makes a Standout Job Candidate, According to This CFO

    May 22, 2025

    He Studied Accountancy—But Found His True Calling in Developing People

    May 22, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn
    Financial AdviserFinancial Adviser
    • Home
    • Success
      • Leadership & Growth
      • Entrepreneurship
      • Business Strategy
      • Inspiring Stories
    • Money
      • Investing
      • Personal Finance
      • Wealth Building
      • Financial Planning
    • Work
      • Career Development
      • Workplace Culture
      • Productivity & Efficiency
      • Management & Performance
    • Life
      • Relationships & Family
      • Health & Wellness
      • Mindfulness & Balance
      • Personal Growth
    • Inspiration
      • Vision & Purpose
      • Overcoming Adversity
      • Motivational Stories
      • Mindset & Motivation
    Financial AdviserFinancial Adviser
    Home»Success»Entrepreneurship»He Borrowed P110,000 to Save the Business—And Couldn’t Sleep Until He Paid It Off
    Entrepreneurship

    He Borrowed P110,000 to Save the Business—And Couldn’t Sleep Until He Paid It Off

    FinancialAdviser.phMarch 4, 20252 Mins Read
    Share Facebook Twitter LinkedIn Email Copy Link
    Share
    Facebook Twitter LinkedIn Email Copy Link

    At just 25 years old, Peter Nepomuceno was running Angeles Electric, the family-owned power distribution business. But taking over wasn’t just about leadership—it meant taking on massive financial pressure.

    The company was barely surviving. With 30% system loss, it struggled to turn a profit. Power shortages forced them to stop accepting new customers, and the government’s import controls meant they couldn’t buy new equipment to improve operations.

    Nepomuceno had no choice but to take a huge financial risk.

    “In the ‘50s, I borrowed P110,000, my first borrowing, and I could not sleep,” he recalls. “How can I pay this P110,000? I was thinking about how to pay it and how to solve all of the problems.”

    At the time, P110,000 was a massive amount—equivalent to millions today. The debt weighed on him constantly, but he knew that without it, the business would collapse.

    Making Every Peso Count

    With limited funds, Nepomuceno had to stretch every peso. Since buying brand-new generating units was out of the question, he scoured junkyards for secondhand generators, restoring and repurposing them to keep the business running.

    He also negotiated a critical deal with General Electric, buying new meters on installment because the company couldn’t afford to pay upfront. This reduced system losses and helped stabilize revenues.

    “I changed all the meters to General Electric so that they’ll be more accurate. I was able to make an arrangement with General Electric that they sell me the meters on installment because we didn’t have enough money,” he says.

    The Risk Paid Off

    Slowly, his strategy worked. System losses gradually dropped, revenue improved, and Angeles Electric expanded its customer base. That P110,000 loan, which once kept him up at night, became the foundation for the company’s turnaround.

    Nepomuceno spent 43 years leading Angeles Electric, proving that taking financial risks—when done wisely—can transform a struggling business into a thriving enterprise.

    This article includes quotes from an interview originally published by Esquire Philippines, authored by Henry Ong.

    Loading

    Related

    Share. Facebook Twitter LinkedIn Email Copy Link
    Previous ArticleThey Loved Eating Chocolate—So They Built a Brand That’s Winning Global Awards
    Next Article A Tragic Landslide Changed Everything—Why This CEO Left Logging for Construction

    Related Posts

    Inspiring Stories

    He Studied Accountancy—But Found His True Calling in Developing People

    May 22, 2025
    Inspiring Stories

    She Wanted to Be a News Anchor—Then Found Her Voice in HR Instead

    May 22, 2025
    Inspiring Stories

    “What If This Was My Last Day on Earth?”—How a Wake-Up Call Inspired Him to Build Blade

    May 21, 2025
    Add A Comment

    Comments are closed.

    Demo
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn

    Subscribe to Updates

      Get the latest updates from Financial Adviser about financial literacy and business acumen. Subscribe to our mailing list!

      By checking this, you agree to our Data Privacy Consent/Agreement and accept our use of such cookies.
      I agree to the Terms and Conditions

      Facebook X (Twitter) LinkedIn RSS

      Home

      Sucess

      • Leadership & Growth
      • Entrepreneurship
      • Business Strategy
      • Inspiring Stories

      Money

      • Investing
      • Personal Finance
      • Wealth Building
      • Financial Planning

      Work

      • Career Development
      • Workplace Culture
      • Productivity & Efficiency
      • Leadership & Management

      Life

      • Relationships & Family
      • Health & Wellness
      • Mindfullness & Balance
      • Personal Growth

      Inspiration

      • Vision & Purpose
      • Overcoming Adversity
      • Motivational Stories
      • Mindset & Motivation

      Contact Us

      Subscribe to Updates

        Get the latest updates from Financial Adviser about financial literacy and business acumen. Subscribe to our mailing list!

        By checking this, you agree to our Data Privacy Consent/Agreement and accept our use of such cookies.
        I agree to the Terms and Conditions

        Copyright © 2025 Financial Adviser. All rights reserved.

        • Privacy Policy

        Type above and press Enter to search. Press Esc to cancel.

        FINANCIALADVISER.PH USES COOKIES TO ENSURE YOU GET THE BEST EXPERIENCE WHILE BROWSING THE SITE.

        By continued use, you agree to our Data Privacy Consent/Agreement and accept our use of such cookies. For further information, click the link Data Privacy Consent/Agreement.