In the beginning, Mr. Hao Liheang owned a grocery store. However, since this business was not fit for him...
He explored the market potential in his community and decided to establish a new business to seize opportunities for success.
To establish a new business selling shoes, clothing, and bags, Liheang applied for a loan of USD 20,000 from LOLC Cambodia in 2022. After operating the new business for some time, he noticed significant growth in business performance as his sales increased substantially. This motivated him to apply for a second loan of USD 7,000 in 2023 to further increase the inventory for sale.
Today, Mr. Lihieng’s shoes, clothing, and bag shop have gained substantial customer support. The growth of his business has noticeably improved his family’s financial situation.
In conclusion, Mr. Lihieng stated that his success has been made possible through the financial support of LOLC Cambodia, which has provided him with the opportunity to establish and grow his thriving business.
Mr. Teng Sam Ang and his wife are business owners who make pickled green mustard for sale in Chanlak Village, Kokir Commune, Kien Svay District, Kandal Province.
They have three children under their care, who are currently studying in primary school. During their free time, the children often help with easy tasks in the pickled green mustard business, such as washing and cutting the cabbage.
Before becoming clients of LOLC Cambodia, Mr. Som Ang shared that he and his family lacked sufficient capital to expand their business. Their determination to grow the business and overcome these challenges led Mr. Som Ang and his wife to discuss and seek solutions. As a result, they chose LOLC Cambodia as their financial partner to support their business expansion.
To date, Mr. Som Ang and his wife have taken four consecutive loans from LOLC Cambodia to expand their business. These loans have provided the necessary capital to sustain and grow their operations. With this support, they were able to construct a suitable facility for their pickled green mustard production and purchase a vehicle for business use.
The growth of their business has significantly improved the family's living conditions. Increased income has allowed them to renovate their house into a new, comfortable, and safe home, enhancing their quality of life and financial stability.
Mr. Bun Ravan started his career as a small grocery store owner and gradually built and managed three successful businesses simultaneously.
Mr. Bun Ravan started his career as a small grocery store owner and gradually built and managed three successful businesses simultaneously. He is now the owner of a petrol station, a Wing agent, and a grocery store owner, all based in Kandol Village, Svay Chek Commune, Angkor Thum District, Siem Reap Province.
In an interview with LOLC Cambodia staff, Mr. Ravan shared that his current success is partly due to the financial support provided by LOLC Cambodia and his persistent efforts. Beginning with a small wooden store selling groceries and beverages, he always had the ambition to expand his business.
In 2018, Mr. Ravan applied for and received his first loan from LOLC Cambodia to grow his business, enabling him to stock enough groceries for his store. This marked the beginning of his store’s growth. He later obtained additional loans to expand further, establishing two new ventures: a petrol station and a Wing agency, which provided additional income opportunities.
With multiple rounds of financial support from LOLC Cambodia, Mr. Ravan significantly improved his livelihood. He successfully strengthened and developed all three of his businesses into stable and sustainable ventures. This support also allowed him to enhance his family’s quality of life by building a new, comfortable home for his family.
From a garment factory worker, Mrs. Roeun Thoeun has created opportunities for herself by transitioning to a grocery store owner, which has significantly improved her livelihood.
Mrs. Thoeun is a grocery seller in Prek Tnaot Village, Tangsya Commune, Phnom Sruoch District, Kampong Speu Province, and currently lives with her husband, who is a wedding chair delivery man and a daughter.
Although her business is already running, Mrs. Thoeun has been considering ways to further grow her business. To strengthen it, she explored the loans offered by LOLC Cambodia after being introduced by acquaintances in her village. Once she fully understood the loan conditions, she quickly seized the opportunity to expand her business, which has continued to grow to this day.
Mrs. Thoeun shared her experience, explaining that she has taken out two cycles of loans from LOLC Cambodia to buy more supplies for her grocery business, and used part of the loan to renovate her home, improving her living conditions. “I am truly happy to have my own business, which provides regular income to support my family. Moreover, I have enough time to take care of my child and live in my own home more comfortably than before,” said Mrs. Roeun Thoeun.
Finally, she praised the LOLC Cambodia staff for their professionalism, offering clear information on loan terms and conditions before issuing the loan. Additionally, she appreciated the friendliness and quick service provided by the staff, which left her very satisfied.
A single source of income was not enough for Mrs. Kong Sreya to achieve financial stability!
Mrs. Sreya is currently a vendor selling grocery and beverages (such as coconut juice, sugarcane juice, and various canned drinks), with her business located in Roboah Angkanh Village, Preaek Aeng Commune, Chbar Ampov District, Phnom Penh. She lives with her husband, Som Chanthy, and their two children, a son and a daughter.
Mrs. Sreya shared that she was dissatisfied with her previous living conditions, as her limited income did not allow her to expand her business. As a result, she started considering ways to generate additional revenue. Initially, she only sold beverages like coconut juice, sugarcane juice, and canned drinks. However, after careful consideration and receiving financial support from LOLC Cambodia, she decided to expand her business by adding grocery selling. This support enabled her to set up her selling location and purchase more supplies to start her new business.
With a bright smile, Mrs. Sreya revealed that she has taken out two loan cycles form LOLC Cambodia. In 2021, she applied for $6,000 to start a new business, and in 2024, she used an additional $1,000 to help it grow. Her efforts paid off, and her business has since grown significantly, leading to increased income, well beyond her initial savings.
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