Mr. Ri Rath, a farmer from Pech Chreada District, Mondulkiri Province, grows cassava and cashew trees.
Let’s read another inspiring client story from the northeastern region of Pech Chreada District, Mondulkiri Province, where a model farmer is successfully managing a large-scale agricultural business with great intelligence, dedication, and hard work.
Mr. Ri Rath, a farmer from Pech Chreada District, Mondulkiri Province, grows cassava and cashew trees. He is a man of strong determination and clear goals, devoted to developing his agricultural livelihood and expanding his farming operations. Today, his farm is flourishing and producing excellent results.
While walking through his cassava fields, Mr. Rath shared his experiences and the challenges he has faced, as well as the solutions that have led him to achieve his current success. He explained that cassava farming requires a large amount of capital to hire workers and rent tractors for land preparation. Due to limited financial resources, he sought a reliable financial partner to support his farming activities.
For this reason, Mr. Rath decided to partner with LOLC (Cambodia) as his trusted financial institution. He obtained his first loan from LOLC (Cambodia) in 2018, totaling 10,000,000 riels, which he used to hire workers and rent tractors for his cassava farm. Later, he continued to take additional loans in the following years to further strengthen and expand his cassava and cashew plantations. The significant investment he made in his agricultural business has paid off remarkably, as his harvest yields have steadily improved year after year since having sufficient financial resources to support the farming process, leading to a continuous increase in his income.
With a long-term vision and smart decision-making, Mr. Rath used his existing income along with his fourth loan from LOLC (Cambodia) to purchase his own tractor, eliminating the need to rent one from others. This wise step has helped him reduce expenses on land preparation, improve his farm productivity, increase yields and income, and ultimately enhance his family’s standard of living.
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.
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.
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. Van Savry and his wife, Mrs. Roun Tharint, currently operates these businesses in Ang Tboung Village, Tapoung Commune, Thma Koul District, Battambang Province.
As the owners of both a food business and a motorcycle cleaning service, Mr. Van Savry and his wife, Mrs. Roun Tharint, have never once complained of being tired. The couple currently operates these businesses in Ang Tboung Village, Tapoung Commune, Thma Koul District, Battambang Province. In addition to these two main occupations, they also do seasonal rice farming.
Mr. Savry recalled that in the past, they had raised pigs to earn income for their family’s livelihood. However, that work proved unsuitable for them because the price of pigs was unstable, resulting in only small profits that could not improve their living conditions. For these reasons, Mr. Savry and his wife decided to consider a new occupation to better support their family’s livelihood.
With a new vision, they started selling food and offering motorcycle cleaning services right in front of their home. Their resourcefulness led them to seek ways to make these new businesses run more effectively. As a result, they decided to apply for their first loan from LOLC Cambodia in 2023, amounting to USD 6,000, with the goal of expanding the food stall and motorcycle cleaning service, as well as purchasing additional equipment to improve both businesses.
After successfully expanding their new ventures, Mr. Savry and his wife continued to apply for loans from LOLC Cambodia to further grow their business and combine with their savings to purchase land for future use.
By using the loans from LOLC Cambodia effectively and for the right purposes, Mr. Savry’s family has enjoyed an improved livelihood, with greater and more stable income, leading to a happier family life.
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