Mrs. Sok Savon, a wholesale and retail seller of consumer goods in Ponhea Leu district, Kandal province.
Capital is one of the most essential elements for every business owner to manage their business with stability and growth.
Mrs. Sok Savon, a wholesale and retail seller of consumer goods in Ponhea Leu district, Kandal province, has always dreamed of expanding her business and better meeting the growing needs of her customers. However, the lack of sufficient capital had always been the main obstacle preventing her from developing her business. Fortunately, this challenge is no longer a concern for her! So, what is the secret behind her success? Let’s find out!
“For more than five years, I have been running a wholesale and retail business selling consumer goods with strong support from my customers. However, whenever I received many orders, I always found it difficult to supply goods on time because my stock was insufficient and my capital was still limited to purchase additional inventory,” said Mrs. Savon.
To find a solution and meet customer demands in a timely manner, Mrs. Savon contacted LOLC (Cambodia), a financial institution that supports business owners who need working capital to expand their businesses. She decided to take her first loan from LOLC (Cambodia) in 2019.
With her first loan of USD 1,000, she was able to purchase more stock for her shop. From that experience, she realized that LOLC (Cambodia)’s loan products truly offered favorable terms and conditions suitable for her business needs. As a result, in 2024, she applied for a second loan of USD 10,000 to further expand her wholesale and retail business.
Today, Mrs. Sok Savon has a wide variety of products in stock, sufficient to supply both her wholesale and retail customers. Her business expansion was a smart move that has led to a steady increase in her income, thanks to her ability to serve both existing and new customers more effectively.
This story is a clear example showing that having a reliable financial partner and using loans responsibly and purposefully can truly help turn every business owner’s dream into reality.
Mrs. Pan Nalin, the owner of a rubber plantation and a durian contractor in Memot district, Tboung Khmum province.
As the old saying goes, “A big boat needs a big sail.” This phrase truly reflects the business of Mrs. Pan Nalin, the owner of a rubber plantation and a durian contractor in Memot district, Tboung Khmum province. The saying perfectly fits her situation, as the larger the business grows, the greater the need for capital to manage it sustainably and successfully.
It is worth noting that Mrs. Nalin has been a client of LOLC Cambodia since 2014. She used her first three loan cycles to expand her business as a durian contractor and to maintain her rubber plantation. Later, in 2019, she took her fourth loan from LOLC Cambodia and continued accessing further financing to support her business expansion. The funds were used for her durian contracting activities, harvesting and selling durians to middle traders and customers within the community, while also maintaining stability and ensuring smooth business operations.
After receiving financial support from LOLC Cambodia for business expansion, Mrs. Nalin observed rapid growth in her operations. Her income increased significantly, allowing her to build a beautiful, spacious, and comfortable home for her family to live happily together.
Mrs. Pan Nalin strongly believes that the financial support from LOLC Cambodia has been an essential source of capital that contributed greatly to her business expansion and improved her family’s living conditions. Furthermore, she and her husband are planning to take another loan soon to purchase additional land for growing more durian trees.
Mr. Sok Van is the owner of a rental service business that provides tents, tables, bass speakers, fans, lights, and other supplies for various events. His business is in Dok Por Village, Voa Sar Commune, Samraong Tong District, Kampong Speu Province.
“The financial support from LOLC (Cambodia) has been a vital source of capital that has given me the opportunity to expand my business and provide better services to my customers. I am confident that my business will continue to grow and help improve my family’s living conditions as well,” said Mr. Sok Van.
Mr. Sok Van is the owner of a rental service business that provides tents, tables, bass speakers, fans, lights, and other supplies for various events. His business is in Dok Por Village, Voa Sar Commune, Samraong Tong District, Kampong Speu Province. In addition to his rental business, he also runs grocery business at home.
In response to the increasing support from his customers, Mr. Van has been using loans from LOLC (Cambodia) since 2016. Seeing the progress after using a loan from LOLC (Cambodia) to expand his business, Mr. Van has continued to take out additional loans up to the present to purchase more equipment to support his rental business such as tents, tables, bass speakers, fans, lights, as well as buying more goods and supplies for grocery business.
After receiving financial support from LOLC Cambodia, Mr. Sok Van’s businesses have not only grown significantly but also allowed him to serve more customers promptly and efficiently. Moreover, his family’s living conditions have noticeably improved. He has been able to renovate his house for greater comfort and build a concrete fence around it to ensure better safety and security for his family.
Mr. Phon Bora is busy repairing motorcycles Located in Pu Tang Village, Pu Chrey Commune, Pech Chreada District, Mondul Kiri Province .
Located in Pu Tang Village, Pu Chrey Commune, Pech Chreada District, Mondul Kiri Province, Mr. Phon Bora is busy repairing motorcycles for his customers with his skilled expertise. His life has changed significantly since he chose to use loan products from LOLC Cambodia. How exactly did the loan transform Mr. Bora’s life? Let’s find out his full story together!
Over the past years, Mr. Bora has already taken up to four loan cycles from LOLC Cambodia to support the continuous growth of his business and improve his family’s livelihood. With the first and second loans, he purchased additional motorcycle parts to better meet customer needs.
The third and fourth loans were used to expand his repair shop, as well as to buy land and build a larger, stronger, and safer new brick house to ensure a more comfortable living environment for his family. He also revealed that he plans to use the next loan cycle in the future to purchase more rubber plantation land.
The financial support from LOLC Cambodia has truly played a crucial role in improving Mr. Bora’s living standards. His income has increased, his business has become more stable and prosperous, and he has his own comfortable house, residential land, farmland, and other household items. All of this clearly shows that LOLC Cambodia’s loans have been a vital part in helping Mr. Bora’s business and livelihood positively transform and thrive.
Mrs Sitha is a grocery seller who sells spices, beverages, cosmetics, and other items at her shop located near Ang Sing Market in Siha Village, Chambak Commune, Bati District, Takeo Province.
Smart businesswomen use loans responsibly to help their families prosper!
Let’s get to know a smart businesswoman from Bati District who, after responsibly using loans from LOLC Cambodia, was able to improve both her family’s living conditions and her business. Her name is Sitha. Sheis a grocery seller who sells spices, beverages, cosmetics, and other items at her shop located near Ang Sing Market in Siha Village, Chambak Commune, Bati District, Takeo Province.
Mrs. Sitha has a clear vision and understanding of how to grow her business. She does this by continuously expanding her product selection to meet customer demand.. By offering a wider range of products that fulfill customers’ needs, her sales have steadily increased and so has her revenue. Expanding her business has brought great opportunities for both her livelihood and enterprise.
Behind this progress is a significant contribution from the loans she received from LOLC Cambodia, which provided her with the capital needed to grow her business. Mrs. Sitha shared that she has taken out four loans from LOLC Cambodia, starting in 2021 with a loan of USD 16,200 to expand her grocery business. Later, in 2023, she took a second loan of USD 16,000 to purchase a vehicle for both business and family use. Then, she obtained a third loan of USD 18,000, which she invested further in her business and partly to renovate her kitchen and house fence. Seeing even more opportunities for business growth, she decided to take a fourth loan to further increase her inventory.
As her business has grown, Mrs. Sitha’s living conditions have improved significantly. This progress has enabled her to expand her operations, increase stock levels, and even purchase two motorcycles and one car for use in the family and business. In conclusion, Mrs. Sitha praised LOLC Cambodia for offering high-quality and diverse products and services, especially in providing crucial financial support. She considers LOLC Cambodia a key contributor to her family’s improved quality of life and social standing.
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