Ms. Kao Sary Generating additional income through the official loan service from LOLC is an option that prospers my family
Ms. Kao Sary has been weaving basket for sale for more than 10 years and has continued until today. In addition to basket weaving for sale, she also has three other main sources of income, including self-employed grocery store, fish net weaving for sale by her husband, and motorcycle repairer by her son. She and her family have an address, located in Svay Paem Village, Boeung Sala Khang Tboung Commune, Kampong Trach District, Kampot Province.
“My first loan was requested in 2017 in an amount of 750 USD. Because of business growth and regular repayment, I have continuouly expanded the business by requesting more capital support from LOLC up until today.” In addition, through financial support from LOLC, I was able to renovate my kitchen as well as my entire home, according to Ms. Sary.
She added, “LOLC loans were crucial to transform her family’s living standard to be as good as it was today. Aside from fast service and reasonable interest rates, LOLC has provided great financial knowledge to me as well as other clients in my neighborhood.
Mr. Hee Chanthou Chanthou is an egg seller at Baek Chan Market in Kandal Province
Chanthou is an egg seller at Baek Chan Market in Kandal Province. He has been running his business for over 8 years.
With a fresh smile, Chanthou shared his journey of business growth and financial solution from LOLC Cambodia “at that time I was facing a capital challenge that brought me to LOLC Cambodia for financial solution support after received recommendation from my relative. With LOLC Loans, I could be able to expand my sales to meet a big demand of customer”.
Today, the income from the growth of his business not only can support the family, but also can save some money, as well as renovate his house and support the children’s education. He mentioned that loans from LOLC Cambodia strengthened his business which enabled him to have a better living.
Mr. Nhem Sothea “LOLC Cambodia’s loans have exactly good transformed my family life and business”
A former abroad factory worker, Sothea has transformed himself to be a seafood seller in Moung Russey Market, located in Ta Tok 1 Village, Moung Commune, Moung Russey District, Battambang Province. Even though his business has a good progress, Sothea still aims to expand it further. That’s why, he seeks financial support for this business expansion.
Having considered and understood the terms and conditions of the loan, Sothea decided to choose LOLC Cambodia for exceptional capital to expand his business after receiving recommendations from his sibling and consulting in detail with the Financial Sale Advisor. Sothea has become a client of LOLC Cambodia since 2019 with the used of two loan cycles to expand his business by purchasing more seafood for sale.
Currently, Sothea's income gradually increased from the growth of his business. This is the value of LOLC Cambodia loans as well as from his intelligent and hard working. Sothea said, “nowadays I have a strong source of income and a better livelihood after having enough capital to support the business to grow.”
Mrs. Phok Thyda a shoe seller in Phsar Leu
Mrs. Phok Thyda took opportunities by selecting LOLC Cambodia to support her business growth. Seeing the opportunity to increase income and the need for additional capital to expand the business, Thyda, a shoe seller in Phsar Leu, located in Thommeak Yutt Village, Sangkat B’er, Kampong Chhnang City, Kampong Chhnang Province, decided to apply for loans from LOLC Cambodia in two cycles for business expansion, with first loan was used to purchase a new stall in the market and the second loan to purchase additional shoes for sale.
The LOLC Cambodia’s loans have pushed Thyda's business better growth. Because of having enough shoes to sell to customers, her sales increased, and she was able to earn more money from day to day, enabling her to renovate her house, and expand her land. At the same time, Thyda also thanked LOLC Cambodia for providing her with a capital loan to expand her business and enable her to earn more income as well as share financial knowledge on how to manage cash flow effectively.
Mrs. Ven Si is electronic material and beverage seller
Mrs. Ven Si In addition to providing fast service, LOLC Cambodia also shares useful financial knowledge. Mrs. Ven Si is a client of LOLC Cambodia who has started using the loans from 2019 to the present with four loan cycles. By using the loans for the right purpose with effectiveness, she could improve her life and family significantly. Owning a business as an electronic material and beverage seller in Pahi Tbong Village, Pailin Commune, Pailin District, Pailin Province. Ven Si said "My life was not so difficult, but I want to expand my business, so I thought, keep waiting for enough capital from savings will takes that long and as having stable income from current business, I decided to seek for a loan from formal lender to help me achieve my goals. As a result, I choose LOLC Cambodia because through the information obtained, LOLC Cambodia is qualified to provide financial solutions.
Beside business expansion, I also used LOLC Cambodia’s loan for renovating the bathroom, and buying a motorbike for using in the family.” She added, LOLC Cambodia’s loans are very helpful, which made her achieve the goal of expanding the business remarkably, having a better life, comfortable bathroom, and a motorbike for their family transportation as well.
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