Mrs. Men Leang, from a mobile fish seller on a motorcycle became a three businesses owner at the same time after receiving capital support
As a mobile fish seller on a motorbike, Mrs. Men Leang earned a low income from this business, which made her family unable to afford some necessities. Knowing herself well and understanding the value of hard work as well as clarity in planning for a career made her work diligently to improve her ability to increase her income.
Mrs. Men Leang is one of many clients who has been successful in business through using LOLC Cambodia’s loans. Currently, she runs three businesses at the same time with support from her family members including owning a duck farm, selling drinks, and running a motorcycle repair shop.
She said that after receiving loans from LOLC Cambodia, her businesses have grown significantly and through using loan in the right target has helped her earns more and increase wealth, such as be able to purchase more farmlands and build a more spacious house. With good experience with LOLC Cambodia’s loan, she also intends to apply for additional loans to expand the business for her children in the future.
“LOLC Cambodia is the first financial service option for me because beside providing capital to support my business, I can also understand the financial knowledge that I have never received before" she added.
Mrs. Hel Davy owner of roasted beef restaurant
Beside capital support, LOLC Cambodia also provides an easy payment method for my business (LOLC KHQR).
An owner of roasted beef restaurant in Bak Ro Nors village, Sangkor commune, Svay Rieng district, Svay Rieng province, Mrs. Hel Davy business is currently in progressing after using LOLC Cambodia loans to develop and expand by creating new stalls and improved existing stalls to be more spacious and comfortable to attract customers with an easy payment method and free of charge of LOLC KHQR.
She said that she has been selling roasted beef for about ten years, and the main difference in this business before and after she decided to use the LOL Cambodia loans is the revenue has almost doubled after her restaurant was renovated and the new stalls were built to get more customers. She added that to be successful in business, requires many factors, including taste, hygiene, good atmosphere, guests welcoming with friendly faces, the reasonable price, and especially sufficient capital to prepare the restaurant to be qualified and able to serve many customers.
This business has helped my family living condition better today, and through these successes I will examine the possibility of expanding more branches to response the customer needs, and I intends to apply for another loan to support additional branch expansion. "Mrs. Hel Davy added."
Mr. Soeun Kosal
Understanding market needs is important for leading to business growth.
Mr. Soeun Kosal is a tour guide in Siem Reap province. To facilitate his tour guiding and make the tourists more convenient, Mr. Soeun Kosal purchased a three-wheeler by using LOLC (Cambodia)’s loan in 2018 after getting to know LOLC (Cambodia) through LOLC Cambodia Facebook page.
Besides being a tour guide, he is also a car seller. To strengthen and expand this business to be stronger and more potential, he continued to use the LOLC (Cambodia)’s loans for two more cycles to buy more cars for sale. Understanding market demand and smart decisions in using loans have made his business grow as his expectation. Mr. Soeun Kosal enjoys using LOLC (Cambodia)’s loans, which make his businesses grow and improve living standard of his family.
“I am happy using LOLC (Cambodia)’s loan because its interest rate is reasonable for me which can be used to expand my business progressively.” Mr. Soeun Kosal said.
Ms. Khean Sokheang achieved her dream of becoming a Tofu Skin production owner
Ms. Khean Sokheang and her husband are currently Tofu Skin production owner, who improves this business consequently. Before using LOLC (Cambodia)’s loans, Ms. Khean Sokheang and her husband were warehouse keepers whose income was still limited.
After getting recommendation from her mother who has been a client ofLOLC (Camboddia) , she satisfied to choose LOLC (Cambodia) with initial loan in 2021 for fanancial support to start up her own Tofu Skin production, located in Kbal Hang Chas village, Lvea Lue commune, Chamkar Lue district, Kampong Cham province.
After running for a while and seeing that the production is growing and receiving more support from customers, she continued to develop this production even bigger through two more loans from LOLC (Cambodia).
Ms. Khean Sokheang said that without the capital support from LOLC (Cambodia), she would not be able to run this handicraft. She continued that she is very satisfied with LOLC (Cambodia) because besides helping to achieve her dream by providing loans with reasonable interest rates and convenient terms and condition, she also gained financial knowledge regarding effective management of income and expenses in the family.
Mr. Loeb Rathana
A young businessman starts up his favorite business with LOLC (Cambodia)’s loans.
Mr. Loeb Rathana is a young businessman who is selling clothes and sports equipment at Kor Anderk market in Prasat Village, Prasat Commune, Kampong Trabek District, Prey Veng Province.
Before becoming an LOLC (Cambodia) client, Mr. Loeb Rathana sold clothes in a family’s shop. Later, he got to know LOLC (Cambodia) coincidentally through playing sports with LOLC (Cambodia) staff together, he then caught up some information of loan product during chit chat. With the purpose of starting up his own business, he learned more about LOLC’s loan terms and conditions. As a result, the documents and requirements are very suitable for him, which he decided to choose LOLC (Cambodia).
Mr. Loeb Rathana began his own business with LOLC’s loan in the late of 2020 by purchasing a store, and clothes and sport equipment for own sale. Running a business with a lot of competitors, but his business kept growing because he always built good relationships with customers. Seeing the potential of the business after running for the past two years, he applied for a second loan in 2023 to buy more clothes, shoes, bags, and sports equipment to meet the growing demand of customers. He plans to use another loan products to set up a new store in the future.
Mr. Loeb Rathana is satisfied with LOLC’s loan products which fit his business requirements. Also, LOLC’s staff are trusted and professional with good behavior.
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