Toribio Teodoro on Stamps
A wage earner-turned-millionaire, Toribio Teodoro (1887 – 1965) was an inspiring example of Filipino initiative and enterprise. He is a pioneer Filipino entrepreneur and industrialist. The son of poor parents from Tondo named Julian Teodoro and Apolinaria del Mundo, he was born in barrio Matang Tubig (now Grace Park), in Caloocan, Rizal on April 27, 1887. Barely 12-years-old but eager to help his parents eke out a living, he began working in El Oriente, a cigar factory, earning a weekly salary of 80 centavos. Full of ambition, industrious, and determined to improve his lot in life, he gave up his initial job to start a business enterprise with his friend, Juan Katindig. On November 14, 1910, they opened a small shop at 821 Calle Cervantes (now Rizal Avenue) that sold shoes and slippers bearing “Ang Tibay” brand. The business was capitalized at only P210, of which P30 was put up by Katindig. The two friends’ profitable partnership ended in 1921, when Katindig dec...