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.
Mr. Noun Thein, the owner of a Zinc handicraft grinding business and a construction materials trading business, located in Prey Pring Khang Cheung 1 Village, Sangkat Chaom Chau 3, Khan Pur SenChey, Phnom Penh.
I am truly delighted because my handicraft and business have achieved significant growth, allowing me to meet customer demands effectively, thanks to having sufficient capital to support my operations.” This is the statement of Mr. Noun Thein, the owner of a Zinc handicraft grinding business and a construction materials trading business, located in Prey Pring Khang Cheung 1 Village, Sangkat Chaom Chau 3, Khan Pur SenChey, Phnom Penh.
Mr. Thein explained how he obtained the necessary capital to support his business and handicraft: When he was struggling with financial capital to purchase zinc from abroad and lacked sufficient inventory to meet local market demands, he happened to learn about LOLC Cambodia by chance. He then met with a Financial Sale Adviser from LOLC Cambodia to discuss his capital needs for expanding his business and handicraft.
After receiving two loans from LOLC Cambodia, Mr. Thein used the funds to develop his zinc grinding business and construction materials trading business. The first loan, amounting to $15,000 in 2023, and the second loan of $20,000 in 2024, provided him with the means to grow his business. As a result, his businesses have operated more efficiently, enabling him to supply and fulfill his customers’ needs effectively.
Through the growth of his businesses, Mr. Thein’s family’s living conditions have significantly improved. He transformed his old wooden house into a beautiful, comfortable new flat, equipped with all necessary household items. Additionally, he acquired transportation means such as a motorcycle and a car for his family’s use.
Mr. Dalet is a skilled auto mechanic in Hanchey Ti Bei Village, Han Chey Commune, Chhloung District, Kratie Province.
While repairing a car, Mr. Tit Dalet shared, “My auto repair business has grown and is running more smoothly than before, after I used a loan from LOLC Cambodia as capital to expand my business.”
Mr. Dalet is a skilled auto mechanic in Hanchey Ti Bei Village, Han Chey Commune, Chhloung District, Kratie Province. He is highly dedicated to earning an income to support his family. Over time, he expanded his auto repair business, achieving significant growth and attracting more customers to his shop, thanks to his expertise and professionalism. This growth has greatly improved his family’s standard of living.
During the interview, Mr. Dalet revealed that he successfully expanded his auto repair business by leveraging two cycles of financial support from LOLC Cambodia. He used the loan to purchase auto parts and repair equipment, as well as allocate a portion of the funds to buy agricultural land as an asset.
With a joyful smile, Mr. Dalet expressed his gratitude to LOLC Cambodia for providing financial support through its loan products, offering favorable terms and conditions that helped him expand his business. This support not only contributed to the growth of his business but also increased his family's income.
Mrs. Phon Theara is actively engaged in running a food business, and selling sausage, dried beef and buffalo meat. Her business is in Sko Dach Village, Ta Kao Commune, Prey Veng District, Prey Veng Province.
As a hardworking and responsible woman dedicated to her family, Mrs. Phon Theara is actively engaged in running a food business, and selling sausage, dried beef and buffalo meat. Her business is in Sko Dach Village, Ta Kao Commune, Prey Veng District, Prey Veng Province. Her husband, Mr. Sim Vatha, is a primary school teacher at Ta Kao Primary School. The couple has two daughters. Their eldest, 24 years old, runs a food business in Phnom Penh, while their second daughter, 21 years old, helps Mrs. Theara with her food business.
Determined to provide for her family, Mrs. Theara works tirelessly to ensure customer satisfaction with the taste and quality of her food. As a result, she has gained strong support from her customers, which has motivated her to expand her business to accommodate the growing demand for her food. However, financial constraints prevented her from making the necessary improvements, as her savings were not enough to fulfill her ambitions. Thus, she decided to seek a reliable financial partner.
In 2022, after discussing with her husband, Mrs. Theara applied for and secured a $5,000 loan from LOLC Cambodia to achieve her business expansion goals. She also used part of the loan for other purposes, such as purchasing a motorbike for her husband and investing in farmland to resell later at a higher price.
Following the strategic use of the loan, her business experienced significant growth, allowing her to meet customer demand more efficiently. The expansion brought several positive outcomes, including the ability to enlarge the dining area in front of her home, produce more dried meat, and most importantly increase her income. This financial growth has enabled her to provide a better quality of life for her family.
Finally, Mrs. Theara expressed her gratitude, stating that without the financial support from LOLC Cambodia, she would not have been able to expand her business successfully. She is delighted to see her business flourish and remain stable, as it serves as the backbone of her family's financial well-being.
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