Mrs. Lap Chenda demonstrated that the loan provided by LOLC has significantly improved the livelihoods of its customers.
Mrs. Lap Chenda, a construction materials seller in Pro Phong village, Samrong Leu commune, Banteay Meas district, Kampot province, once faced significant financial constraints. A few years ago, her earnings were barely sufficient to support her family, leaving no room for business expansion. Despite her strong aspirations for growth, her dreams remained unfulfilled.
To address her financial challenges, Mrs. Chenda applied for a loan from LOLC Cambodia in 2014. With the initial loan, she successfully expanded her construction material business. Encouraged by this progress, she secured additional loans to open a motorcycle repair business for her husband. Ultimately, she took out two more loans to further enhance both businesses.
With the financial support of LOLC Cambodia, the life and livelihood of Mrs. Chenda and her family have improved, and her income increased significantly that’s she can be able to improve her home to be more comfortable.
The story that Mrs. Chenda described above clearly shows that LOLC's loan has really contributed to build a better life for clients in the growth of sustainability and prosperity together.
Loans as financial assistance from LOLC Cambodia have significantly contributed to the growth of Heang Leanghy's business.
Loans as financial assistance from LOLC Cambodia have significantly contributed to the growth of Heang Leanghy's business. Operating as a grocery seller in Chhouk Sor Village, Khun Ream Commune, Banteay Srei District, Siem Reap Province, Mrs. Leanghy has managed her business for nearly a decade.
In 2017, after learning about LOLC Cambodia and its loan products, she was inspired to improve her life by expanding her business. She decided to take out her first loan to expand her business by acquiring additional inventory.
As a result, her business gradually grew, prompting her to utilize loans for two consecutive cycles to further expand her business and buy land for constructing a house for her family.
The success of Ms. Leanghy’s business clearly demonstrates the positive effects of using loans wisely and responsibly.
"I am very happy to see my business thriving and to be able to build a beautiful and comfortable home," said Mrs. Leanghy with a smile. Looking ahead, she plans to further expand her business and purchase a car for her family.
Mr. Ek Sovimon’s Success Story with LOLC Cambodia’s Loans
Mr. Ek Sovimon, a seasoned motorcycle mechanic with years of experience, encountered challenges in expanding his business due to a lack of capital. Recognizing the potential benefits of loan products, he made the strategic decision to approach LOLC Cambodia for financial assistance to propel his business growth.
The loans extended to Mr. Ek Sovimon by LOLC Cambodia played a pivotal role in fostering the expansion of his business. With the acquired capital, he was able to augment his inventory of spare parts and repair equipment, thereby enhancing the quality of customer service provided by his establishment. Furthermore, he harbored aspirations of investing by purchasing land that could be sold at a profit when market prices appreciated.
In a heartfelt speech, Mr. Ek Sovimon conveyed his profound satisfaction and joy with the loan products and services rendered by LOLC Cambodia. He attributed his ability to elevate his small business into a larger one and substantially boost his monthly income to the support and financial backing received from LOLC Cambodia.
Through prudent financial management and leveraging the resources made available through LOLC Cambodia, Mr. Ek Sovimon was able to realize his business ambitions and transform his business into a flourishing venture that not only met but exceeded his expectations.
Mrs. Ros Sokun is a successful business owner in Sasar Sdam Village in Sasar Sdam Commune, Puok District, Siem Reap Province
She is a role model who has proven that all financial challenges can be overcome by making the right decisions and choosing a trustworthy financial partner.
Mrs. Ros Sokun specializes in trading various currencies and imitation jewelry. Despite her expertise, financial challenges continue to impede her business’s expansion. In pursuit of a viable solution, she sought assistance from LOLC Cambodia and secured 8 cycles of loans. With a wise decision, she used the loans to expand her business operations and acquire valuable land assets.
Sokun’s business thrived beyond her expectations due to her unwavering dedication and prudent loan management. The remarkable growth in profits not only allowed her to promptly repay the LOLC Cambodia loan but also undertake a significant renovation of her home, greatly enhancing its quality.
Overflowing with gratitude, Mrs. Sokun expressed, “I am delighted to have received loans from LOLC Cambodia as it has empowered me to expand my business and secure sufficient working capital.” Her experience stands as a testament to the profound impact of LOLC Cambodia’s support in turning aspirations into reality and nurturing successful business.
Mrs. Pum Sros shares her experience of managing and expanding two businesses successfully
While reviewing sales records with her husband, Mrs. Pum Sros, a grocery seller, and laundress in Siem Reap, shared significant insights about her business journey with the LOLC team. Initially, at first, she only sold a few groceries. However, recognizing the opportunity to better serve her customers and boost her income, she made the decision to seek a loan from LOLC Cambodia.
She said with confidence that the capital from LOLC Cambodia loans had a significant impact on the growth of her business. She revealed that she utilized up to three loan cycles to expand her operations, purchasing more items to wholesale to small and medium-sized vendors in the community and buying washing machines for her new laundry business.
Through this business expansion, she has more regular customers, both wholesale and retail, which has greatly increased her income. The right financial decision gave her more capital to run the business, which helped her earn more money to better support her family.
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