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.
Ms. Nan Nout is a retailer of groceries and general household items, operating in Slaeng Village, Pech Sar Commune, Kaoh Andaet District, Takeo Province. She has been running this business for over four years.
As a woman with big dreams, filled with hope and strong determination, Ms. Nan Nout has pursued her passion for expanding her business to achieve remarkable success and growth. She is a retailer of groceries and general household items, operating in Slaeng Village, Pech Sar Commune, Kaoh Andaet District, Takeo Province. She has been running this business for over four years.
Starting with a small wooden stall and limited stock, Ms. Nout recognized the potential of her business and decided to expand it with financial support from LOLC Cambodia in 2022. She secured a loan of $11,000 to increase her inventory, ensuring a wider variety of products to meet customer demand.
Later, in 2024, she took out a second loan of $15,000 to further invest and expand her business to a larger scale. Through hard work and smart financial management, she has successfully grown her business to where it is today.
Ms. Nout shared that utilizing loans from LOLC Cambodia provided her with the necessary capital to develop and expand her business, allowing her to offer a diverse range of products and operate in a more spacious retail space. Most importantly, this business growth has significantly increased her income, enabling her to add more capital to her business and support her family's livelihood.
Mrs. Bin Phoeun is a seller of cosmetics, clothing, and household items. She resides near the Cambodia-Thailand border, an area bustling with various types of businesses. She shared that she has been running her business for 10 years, with her shop located in Tuol Svay Village, Trapeang Tav Commune, Anlong Veaeng District, Oddar Meanchey Province.
Before becoming a client of LOLC Cambodia, Mrs. Pheoun faced challenges in maintaining sufficient inventory to meet customer demand. The lack of stock led to a decline in sales and missed income opportunities for her family. To overcome this challenge, expand her product range, and improve her business, she sought a reliable financial partner that could provide effective support.
After learning about LOLC Cambodia and receiving financial assistance to expand her business, Mrs. Pheoun noticed significant growth in both her business operations and income. This progress resulted from her effective use of the loan, which allowed her to purchase additional stock and offer a wider range of products to her customers.
Mrs. Pheoun revealed that she has taken out two loans from LOLC Cambodia, the first in 2019 and the second in 2024, both aimed at expanding her business. She also plans to apply for another loan in the future to further scale up her operations.
She firmly believes that the financial support from LOLC Cambodia has played a crucial role in enhancing her business and improving her family's livelihood, setting them on a path of continued growth and prosperity.
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