Mr. Phai Sophon is currently a teacher at Thma Puok High School, where he has dedicated 14 years to his profession. In addition to his role as a teacher, Mr. Sophon serves as the principal of the Language and Technology Center, located in Thma Puok Village, Thma Puok Commune, Thma Puok District, Banteay Meanchey Province.
Mr. Sophon shared that his center focuses primarily on strengthening student discipline to foster good morals and ethics. The center also maintains cleanliness both inside and outside the classroom to create a comfortable learning environment. Notably, the center's experienced and professional teachers are skilled at helping slower learners catch up with their peers. These key factors have earned the center strong support from parents and a steady influx of new students.
The quality and teaching services offered by the center have attracted an increasing number of students, prompting Mr. Sophon to explore ways to further expand the center. He sought financial support from LOLC Cambodia to fund the center's growth. Mr. Sophon revealed that he has utilized LOLC Cambodia’s loans in four cycles to develop the center, purchasing teaching materials, student desks, teacher chairs, computers, and renovating classrooms. Additionally, he purchased land to build a new educational facility to further expand the center.
With financial support from LOLC Cambodia, Mr. Sophon's Language and Technology Center has experienced remarkable growth. He expressed his gratitude to LOLC Cambodia for providing the loans that helped expand his business and improve his family’s quality of life. Inspired by his current success, Mr. Sophon is motivated to pursue additional business ventures in the future.
Ms. Phin Sarot is a vendor selling snacks and various beverages such as coffee, canned drinks, and fruit shakes, operating in a garden located in Borei Rothbal Village, Samraong Commune, Samraong District, Oddar Meanchey Province.
While many people are exercising, playing sports, relaxing, enjoying the scenery by the riverside, or dining, Mrs. Phin Sarot is busy preparing beverages for her customers.
Ms. Phin Sarot is a vendor selling snacks and various beverages such as coffee, canned drinks, and fruit shakes, operating in a garden located in Borei Rothbal Village, Samraong Commune, Samraong District, Oddar Meanchey Province.
Due to her prime location and high foot traffic, Mrs. Saroth’sbusiness thrives. This success inspired her to consider expanding her business to meet the growing demands of her customers by offering a more diverse range of products. However, due to a lack of capital for expansion, she decided to seek and utilize a loan from LOLC Cambodia to support this endeavor.
Mrs. Sarot shared her experience, saying that whenever she thought of expanding her business, the issue of capital always came to mind. But after consulting with LOLC Cambodia’s financial sale advisors, she found a suitable solution. As a result, she applied for her first loan of 10,000,000 Riels from LOLC Cambodia in 2019 to expand her business. To date, she has received subsequent loans over four cycles to increase her capital and partially fund the construction of her home.
Today, Mrs. Sarot’s living conditions have significantly improved due to increased income compared to the past. Her business success stems from her hard work, perseverance, and the proper and efficient use of loans from LOLC Cambodia.
Choosing a legitimate financial institution and setting clear goals have enabled Mrs. Sarot to realize her dream of truly developing her business.
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.
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