Aunty Chhoun Sorphorn operate a diverse range of beverage businesses
Effective collaboration between spouses, coupled with adequate capital, plays a pivotal role in fostering business growth. Aunty Chhoun Sorphorn and her husband exemplify this synergy as they operate a diverse range of beverage businesses in Prachea Thom Lech Village, Phsar Kandal Commune, Poipet District, Banteay Meanchey Province. Since 2012, Aunty Chhoun Sorphorn has been a valued client of LOLC Cambodia, utilizing their loans strategically.
Her initial loan was instrumental in expanding her business. Second and Third loans were utilized for purchasing a car and enhancing the comfort of their home. Currently, Aunty Chhoun Sorphorn is using her fourth loan from LOLC Cambodia to further strengthen and prosper her family business. The LOLC Cambodia’s loan has proven invaluable for Aunty Chhoun Sorphorn's family, help business growth and enabling them to offer a diverse range of products to their customers. This success has translated into an improved quality of life, transitioning from a small, challenging wooden house to a more spacious and comfortable stone house. Additionally, owning a car has facilitated convenient travel for Aunty Chhoun Sorphorn's family. After becoming a LOLC Cambodia client, her family able to live in a good condition and had some money left over after monthly expenses. Aunty Chhoun Sorphorn emphasizes the importance of spousal cooperation with the right capital, citing it as a crucial factor in promoting business growth and fostering happiness within the family.
Mr. Sim Piseth, an electrical appliance, and animal feed seller
"My dream is to become a best salesman by continuing to expand my business," Mr. Sim Piseth, an electrical appliance, and animal feed seller, in Mondulkiri province's Pichreda district, is LOLC’s client who has followed his dream by expanding his business even bigger after using LOLC’s loan. Mr. Sim Piseth used two cycles of LOLC’s loans to purchase electrical equipment and animal feed, as well as some necessary financial support to expand his business following his goal and dream.
With LOLC’ loans, Mr. Sim Piseth transformed himself from a stall seller to a larger shop owner who has enough goods to sell, which make his business grow better with sustainability.
Ms. Dy Sonai, from a roasted duck sales staff to become a business owner
From a roasted duck sales staff with her brother who receives monthly paid, Ms. Dy Sonai has become a business owner, which started her own roasted duck business after receiving an initial loan from LOLC (Cambodia) Plc. in 2019. Ms. Dy Sonai is a qualified client who used LOLC loan in the right purpose and succeeded in her business, receiving high income to support her family.
"I am so happy, and I believe that I am a good customer of LOLC with a good and successful history of using loans." Ms. Dy Sonai’s impression. After her business grew smoothly and as well as the confidence in the quality of LOLC's products and services, Ms. Dy Sonai decided to continue using two more loan cycles to build a house and start up a new shop to fulfill her dream of living in her own house and increase more income. As a result, Ms. Dy Sonai has successfully achieved her goals and dreams of having her own business, a comfortable house, and a new duck shop as well.
Mr. Lieu Taily planting garlic chives and longan
Mr. Lieu Taily, a 63-year-old farmer in Svay Pum Trang village, Koh Anlong Chen commune, Takhmao City, Kandal province, said that before using loans from LOLC Cambodia, he also learned about the loan conditions of other financial institutions, to apply for a loan to expand his business, planting garlic chives and longan. However, after getting to know LOLC Cambodia through the introduction from the local authority, he noticed that the features of LOLC Cambodia Loan are much better,
especially the low-interest rate and the service provided by the staff was professional and fast. As a result, he decided to take a loan from LOLC Cambodia at that time. With the loan features that meet the needs of the business, making his family’s lives better through the increase of his income. Seeing opportunities to further expand his sources of income, Mr. Lieu Taily applied for an additional loan, allocating some of the money to develop his farmland and the rest for house renovation. As of 2023, he has a total of three loan cycles with LOLC Cambodia, while the third loan is used to buy more lands and expand the plantation. Mr. Lieu Taily said that he was very satisfied with the LOLC Cambodia loan because through this loan service his life has improved a lot, especially he can expand his farm land.
Mr. Sam Sokuy, working as a mechanic
Mr. Sam Sokuy, a 45-year-old motor and car mechanic, and his wife, a tailor, reside in Chhnal Moan village, Chhnal Moan commune, Koas Krala district, Battambang province. According to Mr. Sokuy, he has been working as a mechanic for four years, while his wife has been running her tailoring business. However, their businesses did not grow due to a lack of funds to improve their existing businesses. After getting information of LOLC from his relatives, Sokuy and his wife decided to apply for their first loan in 2021.
They used the loan to purchase spare parts for repairing motorcycles and cars, as well as fabric for Nub Sunan’s business. The loan helped them meet the demand from customers, and they applied for a second loan at the end of 2022
to buy more sewing machines. Now, both of their businesses have grown significantly because there are enough fabrics and materials to meet the needs of customers and all kinds of spare parts for repairing motorcycles and heavy vehicles, which can increase their income and make his family life better. Sokuy said, "The loan from LOLC has really improved my family's life and I believe that I will be able to support my four children to get a good education."
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
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