Ms. Song Ley, a food and snack vendor in Kouk Kandal Village, Lvea Krang Commune, Varin District, Siem Reap Province.
I am very satisfied with using loans from LOLC Cambodia because LOLC Cambodia provides excellent services, a wide range of financial products, and especially, the staff are friendly and provide clear guidance on how to use the loan properly and purposefully,” said Ms. Song Ley, a food and snack vendor in Kouk Kandal Village, Lvea Krang Commune, Varin District, Siem Reap Province.
Mrs. Ley recalled that before taking out a loan from LOLC Cambodia, she had explored the loan conditions offered by several other financial institutions, with the intention of applying for a loan to expand her business. However, after receiving advice about the services and loan products offered by LOLC Cambodia from her younger sibling who is also a customer of LOLC Cambodia, she has gained a better understanding of LOLC Cambodia’s loan products. Eventually, she became one of LOLC Cambodia’s clients and applied for multiple loans to support the growth of her business over time.
Mrs. Ley added that she has been using loans since 2017 up to the present for various purposes, applying for a loan of 8,000,000 Riels as working capital to invest in her business. This financial support provided her with the opportunity to create additional sources of income, which improved her sales and allowed her to meet more customer demands. She also applied for an additional loan of USD 2,350 to further expand her business, with part of the loan used to purchase a motorbike for both family use and business purposes. Furthermore, she applied for a loan of USD 20,000 for purchasing land intended for building a house in the future.
In the interview with LOLC Cambodia staff, Mrs. Ley also shared that her current success is the result of significant financial support from LOLC Cambodia combined with her own hard work and determination. This progress has enabled her to build her own home and to obtain household appliances for personal use, improving her overall quality of life.
Mr. Phai Sophon is currently a teacher at Thma Puok High School, where he has dedicated 14 years to his profession. In addition to his role as a teacher, Mr. Sophon serves as the principal of the Language and Technology Center, located in Thma Puok Village, Thma Puok Commune, Thma Puok District, Banteay Meanchey Province.
Mr. Sophon shared that his center focuses primarily on strengthening student discipline to foster good morals and ethics. The center also maintains cleanliness both inside and outside the classroom to create a comfortable learning environment. Notably, the center's experienced and professional teachers are skilled at helping slower learners catch up with their peers. These key factors have earned the center strong support from parents and a steady influx of new students.
The quality and teaching services offered by the center have attracted an increasing number of students, prompting Mr. Sophon to explore ways to further expand the center. He sought financial support from LOLC Cambodia to fund the center's growth. Mr. Sophon revealed that he has utilized LOLC Cambodia’s loans in four cycles to develop the center, purchasing teaching materials, student desks, teacher chairs, computers, and renovating classrooms. Additionally, he purchased land to build a new educational facility to further expand the center.
With financial support from LOLC Cambodia, Mr. Sophon's Language and Technology Center has experienced remarkable growth. He expressed his gratitude to LOLC Cambodia for providing the loans that helped expand his business and improve his family’s quality of life. Inspired by his current success, Mr. Sophon is motivated to pursue additional business ventures in the future.
Ms. Phin Sarot is a vendor selling snacks and various beverages such as coffee, canned drinks, and fruit shakes, operating in a garden located in Borei Rothbal Village, Samraong Commune, Samraong District, Oddar Meanchey Province.
While many people are exercising, playing sports, relaxing, enjoying the scenery by the riverside, or dining, Mrs. Phin Sarot is busy preparing beverages for her customers.
Ms. Phin Sarot is a vendor selling snacks and various beverages such as coffee, canned drinks, and fruit shakes, operating in a garden located in Borei Rothbal Village, Samraong Commune, Samraong District, Oddar Meanchey Province.
Due to her prime location and high foot traffic, Mrs. Saroth’sbusiness thrives. This success inspired her to consider expanding her business to meet the growing demands of her customers by offering a more diverse range of products. However, due to a lack of capital for expansion, she decided to seek and utilize a loan from LOLC Cambodia to support this endeavor.
Mrs. Sarot shared her experience, saying that whenever she thought of expanding her business, the issue of capital always came to mind. But after consulting with LOLC Cambodia’s financial sale advisors, she found a suitable solution. As a result, she applied for her first loan of 10,000,000 Riels from LOLC Cambodia in 2019 to expand her business. To date, she has received subsequent loans over four cycles to increase her capital and partially fund the construction of her home.
Today, Mrs. Sarot’s living conditions have significantly improved due to increased income compared to the past. Her business success stems from her hard work, perseverance, and the proper and efficient use of loans from LOLC Cambodia.
Choosing a legitimate financial institution and setting clear goals have enabled Mrs. Sarot to realize her dream of truly developing her business.
Menghuy is a motorcycle mechanic based in Doung Village, Boeng Reang Commune, Kamrieng District, Battambang Province. He has been in this profession for over three years.
About 200 meters away from "Psar Khmer," a bustling marketplace filled with trading activities, a man named Man Menghuy can be seen diligently repairing motorcycles for his customers with exceptional skill and dedication. Menghuy is a motorcycle mechanic based in Doung Village, Boeng Reang Commune, Kamrieng District, Battambang Province. He has been in this profession for over three years.
Thanks to his ingenuity and expertise in motorcycle repair, Menghuy decided to expand his business to seize opportunities for growth. He applied for a loan of $5,000 from LOLC Cambodia to purchase additional motorcycle parts and a second-hand motorcycle for refurbishment and resale. Additionally, part of the loan was utilized to acquire a piece of residential land in a prime location for building a home.
With a smile on his face, Meng Huy expressed his confidence in using LOLC Cambodia's services, praising, "Choosing to take loans from LOLC Cambodia is the right and safe choice for me."
These loans not only helped develop his business but also improved his family's living conditions, increased income, and made the business more stable than before.
Mrs. Oun is a businesswoman selling clothing and shoes, located in Preaek Lieb Village, Preaek Lieb Commune, Chraoy Chongvar District, Phnom Penh City.
Reliable financial support has truly enabled Mrs. Sok Oun's business to achieve stability and operate successfully. Today, Mrs. Oun is a businesswoman selling clothing and shoes, located in Preaek Lieb Village, Preaek Lieb Commune, Chraoy Chongvar District, Phnom Penh City.
Mrs. Oun started a business selling clothing and shoes in 2020 with financial support from LOLC Cambodia. She mentioned that, after receiving advice from relatives, she became interested and decided, along with her husband, to choose LOLC Cambodia's loan services to establish this business through initial loan of USD 2,000. Furthermore, in 2022, she applied for a second loan of USD 8,000 to expand her business further.
The loan from LOLC Cambodia not only helped Mrs. Oun establish her business but also supported its growth. This funding allowed her to have sufficient capital to buy more goods for sale, leading to increased sales and daily revenue, which has greatly improved her family’s living conditions.
The high trust and convenience in using LOLC Cambodia's products and services have attracted Mrs. Sok Oun to continue utilizing LOLC Cambodia's offerings up to the present. She also plans to apply for an additional loan soon to establish a business for her daughter.
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