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.
Mrs. Mao Chanthy has transformed into a successful restaurant owner, gaining widespread support from customers after using a loan from LOLC Cambodia to expand her business.
Mrs. Mao Chanthy is the owner of the " Mlup Chheu Teal" restaurant, located in Kampong Trach Village, Kampong Trach Commune, Romeas Haek District, Svay Rieng Province. She shared her business success story spanning 17 years. Initially, due to her talent and culinary skills, she began as a small-scale soup vendor within her community. Over time, her soup business gained more and more customer support, leading Mrs. Chanthy and her husband to plan to expand their business to meet the growing customer demand. However, a lack of capital remained a significant obstacle in their business expansion journey.
The solution came when Mrs. Chanthy consulted an LOLC Cambodia staff who was also a regular customer at her soup stall. In 2021, she and her husband decided to take their first loan of $11,000 to renovate and enlarge their soup shop. Following that, in 2023, they applied for an additional loan of $20,000 to purchase adjacent land for building the restaurant and creating more extensive parking space for motorcycles and cars.
After completing the new business premises, Mrs. Chanthy transformed her small soup stall into a restaurant offering a variety of dishes, customized packaging services, and ample space for customers. These improvements attracted an increasing number of customers.
Through the two loans from LOLC Cambodia, Mrs. Chanthy's business not only grew significantly but also improved her family's living standards and increased their income. She emphasized, “The loan from LOLC Cambodia has genuinely uplifted my family’s standard of living and helped my business thrive. It also enabled us to accumulate wealth by purchasing land to build our restaurant.
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.
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