Mrs. Pha Dyna, who sells grocery products and duck eggs, decided to use LOLC's loan to make her business better.
In the northeast of Cambodia, within the Banlung district of Ratanakiri Province, Mrs. Pha Dyna is thriving as she sells her grocery products and duck eggs, reflecting on her remarkable journey of growth. Before obtaining financial support from LOLC Cambodia, she faced significant challenges in expanding her business and renovating her home.
In 2022, Mrs. Pha Dyna received her initial loan from LOLC Cambodia, providing the capital needed to expand her business. Motivated by the positive impact of this first loan, she secured a second loan. This enabled her to purchase additional stock of duck eggs for her broker and to invest further in her grocery business.
As a result, her daily income increased remarkably. Recognizing the success of these endeavors, Mrs. Pha Dyna continued to apply for and receive additional loans, successfully completing four consecutive loan cycles to use as working capital.
The financial support from LOLC Cambodia has been instrumental in transforming Dyna's life and business, helping her achieve her dreams. Today, she enjoys a thriving business, has renovated her home, and even purchased a motorbike for transportation and convenience. Mrs. Pha Dyna firmly believes that the support from LOLC Cambodia has significantly improved her family's circumstances and prospects.
In addition to enjoying a prosperous and financially stable life, Mrs. Lor Srey Keo leads a life of happiness and fulfilment.
Her journey is a testament to the incredible transformation possible through commitment and sound financial management, with significant contributions from LOLC Cambodia.
Mrs. Lor Srey Keo is a dedicated food seller and salon owner at Krabei Tram Village, Chongruk Commune, Kong Pisei District, Kampong Speu province. She always dreamed of expanding her businesses but lacked the capital to do so. Her journey took a turn for the better when she learned about LOLC Cambodia through her sibling.
Seizing the opportunity to realize her dream, Mrs. Srey Keo secured a loan from LOLC Cambodia. Over several loan cycles, she strategically expanded her business, doubling her daily income. This significant increase in earnings has greatly improved her livelihood, allowing her to provide better for her family and invest further in her business.
Beyond financial support, the LOLC Cambodia’s staff also provided invaluable financial education awareness, helping Mrs. Srey Keo manage her loans effectively.
Mrs. Lap Chenda demonstrated that the loan provided by LOLC has significantly improved the livelihoods of its customers.
Mrs. Lap Chenda, a construction materials seller in Pro Phong village, Samrong Leu commune, Banteay Meas district, Kampot province, once faced significant financial constraints. A few years ago, her earnings were barely sufficient to support her family, leaving no room for business expansion. Despite her strong aspirations for growth, her dreams remained unfulfilled.
To address her financial challenges, Mrs. Chenda applied for a loan from LOLC Cambodia in 2014. With the initial loan, she successfully expanded her construction material business. Encouraged by this progress, she secured additional loans to open a motorcycle repair business for her husband. Ultimately, she took out two more loans to further enhance both businesses.
With the financial support of LOLC Cambodia, the life and livelihood of Mrs. Chenda and her family have improved, and her income increased significantly that’s she can be able to improve her home to be more comfortable.
The story that Mrs. Chenda described above clearly shows that LOLC's loan has really contributed to build a better life for clients in the growth of sustainability and prosperity together.
Loans as financial assistance from LOLC Cambodia have significantly contributed to the growth of Heang Leanghy's business.
Loans as financial assistance from LOLC Cambodia have significantly contributed to the growth of Heang Leanghy's business. Operating as a grocery seller in Chhouk Sor Village, Khun Ream Commune, Banteay Srei District, Siem Reap Province, Mrs. Leanghy has managed her business for nearly a decade.
In 2017, after learning about LOLC Cambodia and its loan products, she was inspired to improve her life by expanding her business. She decided to take out her first loan to expand her business by acquiring additional inventory.
As a result, her business gradually grew, prompting her to utilize loans for two consecutive cycles to further expand her business and buy land for constructing a house for her family.
The success of Ms. Leanghy’s business clearly demonstrates the positive effects of using loans wisely and responsibly.
"I am very happy to see my business thriving and to be able to build a beautiful and comfortable home," said Mrs. Leanghy with a smile. Looking ahead, she plans to further expand her business and purchase a car for her family.
Mr. Ek Sovimon’s Success Story with LOLC Cambodia’s Loans
Mr. Ek Sovimon, a seasoned motorcycle mechanic with years of experience, encountered challenges in expanding his business due to a lack of capital. Recognizing the potential benefits of loan products, he made the strategic decision to approach LOLC Cambodia for financial assistance to propel his business growth.
The loans extended to Mr. Ek Sovimon by LOLC Cambodia played a pivotal role in fostering the expansion of his business. With the acquired capital, he was able to augment his inventory of spare parts and repair equipment, thereby enhancing the quality of customer service provided by his establishment. Furthermore, he harbored aspirations of investing by purchasing land that could be sold at a profit when market prices appreciated.
In a heartfelt speech, Mr. Ek Sovimon conveyed his profound satisfaction and joy with the loan products and services rendered by LOLC Cambodia. He attributed his ability to elevate his small business into a larger one and substantially boost his monthly income to the support and financial backing received from LOLC Cambodia.
Through prudent financial management and leveraging the resources made available through LOLC Cambodia, Mr. Ek Sovimon was able to realize his business ambitions and transform his business into a flourishing venture that not only met but exceeded his expectations.
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