Mrs. Phim Chanthy and her husband have worked diligently to operate several businesses, including selling beverages, grilled meat, and providing land plowing, rice transportation, and soil transportation services
Over the past four years, Mrs. Phim Chanthy and her husband have worked diligently to operate several businesses, including selling beverages, grilled meat, and providing land plowing, rice transportation, and soil transportation services. These activities have helped them increase their income and support their family’s livelihood. They currently reside in Svay Antor District, Prey Veng Province. Recognizing the opportunities for growth and the increasing market demand, Mrs. Chanthy sought additional capital to expand and strengthen her businesses.
In 2024, Mrs. Chanthy chose LOLC Cambodia as her financial partner and obtained a loan of USD 6,000 to purchase a tractor for both personal use and commercial purposes. The tractor enabled her to provide land plowing services to local farmers and support her rice transportation business. This investment helped diversify her income sources and improve the stability of her business operations.
Encouraged by the positive results, Mrs. Chanthy obtained a second loan of USD 6,000 to purchase land and expand her beverage and grilled meat businesses. This investment provided her with a more suitable business location, allowed her to introduce new products, and enabled her to better meet customer demand. As a result, both her customer base and income have continued to grow steadily.
Today, Mrs. Chanthy and her husband's businesses have achieved remarkable growth. The income generated from their various business activities has significantly improved their family’s living standards, supported their children's education, and increased their capital for future business expansion.
Mrs. Sek Channy is the owner of a retail business selling a wide variety of clothing, handbags, and shoes in Tonle Sa Village, Nokor Pheas Commune, Angkor Chum District, Siem Reap Province
Income is where the journey begins. Smart saving and financial planning lay the foundation for long-term financial stability and family well-being.
Mrs. Sek Channy is the owner of a retail business selling a wide variety of clothing, handbags, and shoes in Tonle Sa Village, Nokor Pheas Commune, Angkor Chum District, Siem Reap Province. She shared that the stability and growth of both her business and her family's livelihood are the result of hard work, careful planning, effective financial management, and the responsible use of loans. These practices have enabled her to build a stronger business and create a brighter future for her family.
Mrs. Channy explained that before starting her clothing, handbag, and shoe business, she and her husband worked as construction laborers.
To improve their family's living conditions, Mrs. Channy and her husband applied for their first loan from LOLC Cambodia in 2017to start their own business. A portion of the loan was also invested in purchasing additional farmland. As the business grew, she obtained another loan in 2019 to further expand her business.
Recognizing the steady growth of her business, Mrs. Channy applied for another loan in 2022 to build a new house, improving the living conditions and overall well-being of her family.
Because she used the loans responsibly and in line with their intended purposes while maintaining a strong repayment record, Mrs. Channy was approved for another loan in 2024 to further expand and strengthen her clothing, handbag, and shoe business. This investment enabled her to diversify her product offerings, attract more customers, and increase her income.
Mrs. Maen Saroeun has been engaged in cultivating cashew nuts and cassava in Tang Kouk District, Kampong Thom Province
For approximately six years, Mrs. Maen Saroeun has been engaged in cultivating cashew nuts and cassava in Tang Kouk District, Kampong Thom Province. These two agricultural activities have served as her family's primary source of income. To continuously expand and develop her farming business, Mrs. Saroeun and her husband sought financial support from a trusted financial partner and chose LOLC Cambodia.
In 2018, Mrs. Saroeun obtained her first loan to purchase additional cashew seedlings with the aim of expanding her plantation. After fully repaying the loan, in 2019, supported by her strong credit history and understanding of responsible loan utilization, she obtained another loan to purchase additional farmland and rice fields. This enabled her to expand the cultivation area for cashew nuts and cassava, helping to increase agricultural production and improve her household income.
Following the successful use of these two loans, in 2021, Mrs. Saroeun obtained another loan to purchase additional cashew farmland, as well as agricultural equipment and supplies to maintain and enhance the quality of her crops. Subsequently, in 2024, she continued to access financing to purchase agricultural fertilizer and acquire additional farmland, allowing her to further expand her farming operations.
Mrs. Maen Saroeun shared that the loans from LOLC Cambodia have made a significant positive impact on her family's livelihood by enabling her to expand her farming business, increase agricultural productivity, and generate a more stable and satisfying income. Through using the loans for their intended purposes and practicing responsible financial management, she has successfully developed her agricultural business and further improved her family's standard of living.
Mrs. Phorn Sreymom and her husband wake up before dawn to prepare and transport vegetables for sale at Phu Puy Market in Battambang Province
Every early morning, Mrs. Phorn Sreymom and her husband wake up before dawn to prepare and transport vegetables for sale at Phu Puy Market in Battambang Province. Mrs. Phorn Sreymom has been a vegetable vendor for more than 10 years. To expand her business and increase her family’s income, she shifted from purchasing vegetables from middlemen for resale to growing and supplying vegetables directly to the market herself.
In 2021, Mrs. Sreymom applied for and received her first loan from LOLC Cambodia to purchase agricultural land for cucumber cultivation in response to market demand at the time. This investment helped increase her income by enabling her to supply vegetables directly, reduce dependence on suppliers, and improve the overall efficiency of her business. Subsequently, in 2023, she received her second loan to purchase a vehicle for transporting and supplying vegetables, which improved transportation efficiency and supported further business expansion.
Based on the stability of her business and her family’s long-term plans, in 2026, Mrs. Sreymom received her third loan to purchase residential land for the future construction of a house. The use of all three loans contributed to asset building through the acquisition of agricultural and residential land, while strengthening the financial stability of her and her family.
The responsible use of loans, supported by clear planning and appropriate purposes, has enabled Mrs. Phorn Sreymom and her husband to continuously expand their business and improve their family’s stability. Her success story highlights the importance of responsible financial planning and the role of LOLC Cambodia in supporting the sustainable growth and development of its clients.
Mrs. Sim Soklai, who resides in Veal Kanseng Village, Kampong Damrei Commune, Chhloung District, Kratie Province
Through hard work and well-planned business management, Mrs. Sim Soklai, who resides in Veal Kanseng Village, Kampong Damrei Commune, Chhloung District, Kratie Province, has built a significant source of income for her family through agricultural activities, including cashew and cassava cultivation, as well as operating a grocery store. She has accumulated seven years of experience in growing cashew and cassava crops, while her grocery business was recently established to diversify her family’s income sources and meet the daily needs of customers within the community.
As her business continued to grow, Mrs. Soklai chose LOLC Cambodia as her financial partner to provide capital for investing in her agricultural activities. Since 2021, she has obtained a total of four loan cycles from LOLC Cambodia, which she used to purchase agricultural fertilizers, cassava cuttings, and cover land preparation costs. She also used the financing to expand her grocery business. By utilizing the funds in a timely and targeted manner, Mrs. Soklai has been able to better manage and maintain her crops. The financing has also enabled her to gradually expand her cultivated land area and continuously improve the quality and productivity of her harvests.
Mrs. Sim Soklai shared, “Receiving adequate and timely financing from LOLC Cambodia combined with effective financial management and continuous dedication has enabled me to continue developing my agricultural activities and diversify my family’s income through the establishment of a new grocery business. This has helped generate additional income while also providing essential goods to customers in the community.”
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