Mr. Nhem Sothea “LOLC Cambodia’s loans have exactly good transformed my family life and business”
A former abroad factory worker, Sothea has transformed himself to be a seafood seller in Moung Russey Market, located in Ta Tok 1 Village, Moung Commune, Moung Russey District, Battambang Province. Even though his business has a good progress, Sothea still aims to expand it further. That’s why, he seeks financial support for this business expansion.
Having considered and understood the terms and conditions of the loan, Sothea decided to choose LOLC Cambodia for exceptional capital to expand his business after receiving recommendations from his sibling and consulting in detail with the Financial Sale Advisor. Sothea has become a client of LOLC Cambodia since 2019 with the used of two loan cycles to expand his business by purchasing more seafood for sale.
Currently, Sothea's income gradually increased from the growth of his business. This is the value of LOLC Cambodia loans as well as from his intelligent and hard working. Sothea said, “nowadays I have a strong source of income and a better livelihood after having enough capital to support the business to grow.”
Mrs. Phok Thyda a shoe seller in Phsar Leu
Mrs. Phok Thyda took opportunities by selecting LOLC Cambodia to support her business growth. Seeing the opportunity to increase income and the need for additional capital to expand the business, Thyda, a shoe seller in Phsar Leu, located in Thommeak Yutt Village, Sangkat B’er, Kampong Chhnang City, Kampong Chhnang Province, decided to apply for loans from LOLC Cambodia in two cycles for business expansion, with first loan was used to purchase a new stall in the market and the second loan to purchase additional shoes for sale.
The LOLC Cambodia’s loans have pushed Thyda's business better growth. Because of having enough shoes to sell to customers, her sales increased, and she was able to earn more money from day to day, enabling her to renovate her house, and expand her land. At the same time, Thyda also thanked LOLC Cambodia for providing her with a capital loan to expand her business and enable her to earn more income as well as share financial knowledge on how to manage cash flow effectively.
Mrs. Ven Si is electronic material and beverage seller
Mrs. Ven Si In addition to providing fast service, LOLC Cambodia also shares useful financial knowledge. Mrs. Ven Si is a client of LOLC Cambodia who has started using the loans from 2019 to the present with four loan cycles. By using the loans for the right purpose with effectiveness, she could improve her life and family significantly. Owning a business as an electronic material and beverage seller in Pahi Tbong Village, Pailin Commune, Pailin District, Pailin Province. Ven Si said "My life was not so difficult, but I want to expand my business, so I thought, keep waiting for enough capital from savings will takes that long and as having stable income from current business, I decided to seek for a loan from formal lender to help me achieve my goals. As a result, I choose LOLC Cambodia because through the information obtained, LOLC Cambodia is qualified to provide financial solutions.
Beside business expansion, I also used LOLC Cambodia’s loan for renovating the bathroom, and buying a motorbike for using in the family.” She added, LOLC Cambodia’s loans are very helpful, which made her achieve the goal of expanding the business remarkably, having a better life, comfortable bathroom, and a motorbike for their family transportation as well.
Mr. Thaong Pun grocery and food seller and farmer
Mr. Thaong Pun Through an official loan from LOLC, my family income has increased. “I am really happy that LOLC Cambodia’s loans have driven my business to grow and increase my family's income.” Mr. Thong Pon said, grocery and food seller and farmer, located in O'Kandear village, O'Kandear Senchey commune, O'Kreang Senchey district, Kratie province. With convenience and trust, Mr. Thaong Pun continued to use the LOLC Cambodia’s loans up to 6 cycles for the purpose of business expansion by purchasing additional groceries and foods for sale including buying fertilizer for cashew and cassava plantations. Since Mr. Thongpon first used the loan, he has noticed that his business has improved and grown steadily, which increased his daily income. As a result, he continued to use loans from LOLC Cambodia up to the present that give him enough capital to strengthen and expand his business to be stable and strong.
Mr. Thaong Pun added, “LOLC Cambodia’s loans have greatly improved my family's livelihood because with LOLC Cambodia’s loan, I can get reasonable interest rate, fast service and professional service from staff at all levels.”
Mrs. Hoeng Vanna business of selling fried food, papaya salad, Khmer noodles
Miss. Koeum Oun, using loans in the right target is not a burden but increases business potential. Miss. Koeum Oun is currently a food seller in the village located in Pak Sneng Thmey village, Pak Sneng commune, Angkor Thom district, Siem Reap province. In addition, she is also a pot casava farmer. She has expanded her food business to become stronger and more stable, which is now very much supported by the guests through her quality food and has increased her income very well. Of course, the strength of her business is an important involvement of the LOLC Cambodia’s loan that she applied for capital to expand the business after receiving recommendation from her relative who has been using LOLC Cambodia’s loan.
The business growth and high income enabled her to improve the house to be bigger and more good-looking to live in and bought two motorcycles for family use. Miss. Koeum Oun thanked LOLC Cambodia for providing loan as a capital to expand her business, which has helped her family livelihood better.
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