Menghuy is a motorcycle mechanic based in Doung Village, Boeng Reang Commune, Kamrieng District, Battambang Province. He has been in this profession for over three years.
About 200 meters away from "Psar Khmer," a bustling marketplace filled with trading activities, a man named Man Menghuy can be seen diligently repairing motorcycles for his customers with exceptional skill and dedication. Menghuy is a motorcycle mechanic based in Doung Village, Boeng Reang Commune, Kamrieng District, Battambang Province. He has been in this profession for over three years.
Thanks to his ingenuity and expertise in motorcycle repair, Menghuy decided to expand his business to seize opportunities for growth. He applied for a loan of $5,000 from LOLC Cambodia to purchase additional motorcycle parts and a second-hand motorcycle for refurbishment and resale. Additionally, part of the loan was utilized to acquire a piece of residential land in a prime location for building a home.
With a smile on his face, Meng Huy expressed his confidence in using LOLC Cambodia's services, praising, "Choosing to take loans from LOLC Cambodia is the right and safe choice for me."
These loans not only helped develop his business but also improved his family's living conditions, increased income, and made the business more stable than before.
Mrs. Oun is a businesswoman selling clothing and shoes, located in Preaek Lieb Village, Preaek Lieb Commune, Chraoy Chongvar District, Phnom Penh City.
Reliable financial support has truly enabled Mrs. Sok Oun's business to achieve stability and operate successfully. Today, Mrs. Oun is a businesswoman selling clothing and shoes, located in Preaek Lieb Village, Preaek Lieb Commune, Chraoy Chongvar District, Phnom Penh City.
Mrs. Oun started a business selling clothing and shoes in 2020 with financial support from LOLC Cambodia. She mentioned that, after receiving advice from relatives, she became interested and decided, along with her husband, to choose LOLC Cambodia's loan services to establish this business through initial loan of USD 2,000. Furthermore, in 2022, she applied for a second loan of USD 8,000 to expand her business further.
The loan from LOLC Cambodia not only helped Mrs. Oun establish her business but also supported its growth. This funding allowed her to have sufficient capital to buy more goods for sale, leading to increased sales and daily revenue, which has greatly improved her family’s living conditions.
The high trust and convenience in using LOLC Cambodia's products and services have attracted Mrs. Sok Oun to continue utilizing LOLC Cambodia's offerings up to the present. She also plans to apply for an additional loan soon to establish a business for her daughter.
Mrs. Phan Lin runs a business selling concrete round pipes, house pillars, and groceries. Her business is in Srae Prey Village, Chans Commune, Sout Nikom District, Siem Reap Province.
According to Mrs. Lin, their products sell very well due to high customer demand, which has contributed to the success of their business. However, despite this success, they are not yet fully satisfied with this outcome. Although it marks an improvement from the beginning, customer demand continues to rise daily, surpassing their production and supply capacity. As a result, they began considering ways to expand production to meet customer needs.
Due to limited capital, they were unable to achieve their expansion goals immediately. To address this challenge, they decided to take out a $7,500 loan from LOLC Cambodia in 2021 to support their business expansion. Mrs. Lin explained that she and her husband have now taken out two loans for this purpose, and for the second loan, LOLC Cambodia remained their preferred financial partner with a loan of $6,500 secured in 2024.
Since securing sufficient capital for expansion, they have witnessed significant improvements in their business. They can now produce more concrete well rings and house pillars to meet customer demands on time and even stock additional inventory for new customers. More importantly, this expansion has led to a substantial increase in their income.
The success of their business is evident through several key achievements, including their ability to repay loans on time. Additionally, they have improved their home, making it more spacious by renovating and adding extra rooms. Beyond enhancing their daily lives, their business has also grown significantly, allowing them to hire six additional workers. This progress not only benefits them but also creates job opportunities and income for their employees.
Finally, Mrs. Lin shared that with their increased income, she now plans to save money with LOLC Cambodia to earn monthly interest and secure their financial future.
Mrs. Siv Naly is currently managing three businesses simultaneously: tailoring, grocery selling, and drinking water production.
nitially, Mrs. Siv Naly was solely a tailor. However, with her intelligence and long-term vision, she established two additional businesses independently, reaching her current success.
In 2018, Mrs. Naly began her grocery sales business by applying for her first loan of $5,000 from LOLC Cambodia to support the launch of this new venture. Later, in 2022, she applied for an additional $6,000 loan to start another new business, which is drinking water production. With strong financial support from LOLC Cambodia, Mrs. Naly has secured sufficient capital to sustain and enhance the operations of her three businesses, achieving remarkable progress today.
It is worth mentioning that, besides using loans to create her two additional businesses, Mrs. Naly also applied for loans for other purposes, such as expanding her existing businesses, purchasing a vehicle, and buying land.
Mrs. Siv Naly has demonstrated high confidence in LOLC Cambodia, which has provided her loans and contributed significantly to improving her living standards. This support has enabled her to increase her income, establish new businesses, and elevate her quality of life toward greater prosperity.
Mrs. Chan Theavy, a grocery seller in Kampong Thom village, Kampong Roteh communce, Steung Saen city, Kampong Thom province, took the opportunity to share the story of her business growth with LOLC Cambodia, expressing her joy and gratitude.
After completing tasks in her daily business activities, Mrs. Chan Theavy, a grocery seller in Kampong Thom village, Kampong Roteh communce, Steung Saen city, Kampong Thom province, took the opportunity to share the story of her business growth with LOLC Cambodia, expressing her joy and gratitude.
With a bright and welcoming smile, Mrs. Theavy explained that before receiving financial services support from LOLC Cambodia, she struggled with insufficient stock to meet her customers' demands, which led to declining sales. At that time, she learned about LOLC Cambodia's loan products from her neighbors and, without hesitation, consulted with LOLC Cambodia’s staff about her need for capital to expand her business. She carefully selected a loan amount that fits her repayment capacity.
After utilizing her first loan, Mrs. Theavy observed remarkable improvements in her business operations since she has enough stocks for customers. This positive change significantly enhanced her family's living standards. Up to now, Mrs. Theavy has successfully utilized three loan cycles, primarily for business expansion. Notably, she has also renovated her house from a small and cramped space into a spacious and comfortable home for her family.
Mrs. Chan Theavy expressed her profound satisfaction with the financial support she received from LOLC Cambodia, which not only transformed her family's quality of life but also help the growth of her business. She remains optimistic about the future and is determined to continue expanding her business with the financial backing of LOLC Cambodia in the years to come.
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