The following is the message of Mrs. Svay Samnang who subsequently fulfilled her wish after using a loan from LOLC Cambodia.
Success contributes from hard work and wisdom. Through the strong efforts with the support of LOLC Cambodia loans, Mrs. Svay Samnang has achieved greater business expansion than anticipated, steadily increasing her income and continuously fulfilling her aspirations.
Mrs. Svay Samnang, a 35-year-old grocery retailer in Tboung Khmum Province, has been in business for five years. To achieve her full potential, she sought financial assistance by getting loan from LOLC Cambodia. The initial loan enabled her to increase her inventory, thereby better supporting her customers and advancing her business goals.
By utilizing consecutive loans to expand her business, she observed remarkable growth that could improve her livelihood and housing conditions for her family.
With a pretty smile, Mrs. Mong Nie Eang expressed her gratitude and happiness to LOLC Cambodia for the positive changes in her family's situation.
She credited the LOLC Cambodia loans for empowering her to establish a thriving business, support her family, and save for the future.
Mrs. Mong Nie Eang, a resident of Ou Reang Ov district, Tboung Khmum province, has successfully cultivated piper betel and areca palm trees. She has two children: her eldest son helps manage the family business, while her youngest daughter is still in high school.
Faced with a lack of capital to expand her business and cultivate piper betel and areca palm, Mrs. Nie Eang, driven by her commitment to hard work and determination to build a better life, sought reliable financial assistance. Ultimately, she chose LOLC Cambodia as her financial partner. In 2021, her family's economic situation and business began to flourish after securing a loan from LOLC Cambodia to expand her business. The success experienced from this initial financial assistance from LOLC Cambodia encouraged her to continue utilizing loans to further broaden her cultivation efforts, thereby significantly enhancing the scope and scale of her plantation.
Mrs. Nai Eang's diligent efforts as a grower and seller of piper betel and areca palm resulted in high yields and good sales. Her unwavering dedication not only improved her customer supply but also significantly increased her family's income. This financial success enabled her to build two additional houses, purchase several hectares of land, and accumulate sufficient reserves to further expand her business
Mr. Hun Phearum credits the financial support from LOLC Cambodia with driving the growth of his business, enabling him to provide a quality education for his children, and earning him recognition within the community.
Mr. Hun Phearum is a motorcycle mechanic based in Tuol Chrey Village, Barang Thleak Commune, Phnum Proek District, Battambang Province. Despite his many years of dedication to the business, he has struggled to generate a substantial income. Recognizing the potential for growth and improvement, Mr. Phearum viewed financial assistance as a strategic opportunity to expand his business and enhance his quality of life.
With an initial loan from LOLC Cambodia, Mr. Phearum's business began to thrive. Pleased with the results, he continued to utilize LOLC Cambodia's financial services, taking out loans for four consecutive cycles. This enabled him to purchase additional equipment and expand his motorcycle repair shop significantly.
Today, Phearum's family enjoys greater prosperity, which has enabled him to expand his business, attract wider customer support, and invest in his children's education. This improved financial stability has also allowed him to transform his home from a modest wooden structure into a larger, more substantial stone house.
In order to pursue his dream of expanding his business to be more prosperous, Mr. Vong Bunthat chose to use a loan with LOLC to be a partner in investing in the business.
Meet Mr. Vong Bunthat, a dedicated farmer cultivating cashew, potato, and mushrooms in Ou Tevda Village, Kampong Damrei Commune, Chhloung District, Kratie Province, is determined to elevate his business to greater prosperity.
Despite facing financial constraints, a turning point emerged when Bunthat was introduced to LOLC Cambodia by his friend. Then Bunthat made the decision to seek a loan from LOLC Cambodia as his first step towards expanding his agriculture. This marked the commencement of an inspiring journey towards growth and success.
Bunthat and his wife utilized the initial loan to purchase farmland and expand their mushroom farm. The infusion of capital quickly led to a flourishing business, attracting a growing customer base. Encouraged by the success of their business growth, Bunthat approached LOLC Cambodia for additional financial support to further expand his enterprise. Securing two more loans, he was able to scale up his plantation and improve the quality of his crops.
Bunthat attributes a significant portion of his success to the unwavering support provided by LOLC Cambodia. He expresses profound gratitude for the financial assistance, which was accompanied by reasonable interest rates and convenient terms and conditions. Additionally, LOLC Cambodia equipped him with invaluable financial awareness on the appropriate use of loans and cautioning against resorting to informal lending sources or misusing borrowed funds. This financial education awareness has played a pivotal role in sustaining and expanding his business ventures while also contributing to enhancing his family’s overall financial security.
Mrs. Sean Kimsan, a seller of men’s and women’s clothing and footwear in Takeo Province, shared her experiences before and after receiving a loan from LOLC.
"In the past, I lacked capital to run my business effectively, and my inventory was insufficient to meet customer demand," reflected Mrs. Sean Kimsan, a seller with over a decade of experience in selling men's and women's clothing and footwear in Takeo province.
One day, she decided to take the opportunity with financial partner, LOLC Cambodia, she applied for loans to expand her business and acquire additional market stalls.
After using the loan, she noticed a significant improvement and growth in both her personal life and her business. By using the loan wisely, she was able to enhance her lifestyle and increase her wealth.
With this improvement, she acquired four new stalls and expanded her inventory to include a wider variety of men's and women's clothing and shoes to sell. This expansion allowed her to better meet her customers' needs and even attract new customers continuously.
"The loan I received from LOLC has greatly improved my family's livelihood," she shared.
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
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