Ms. Chanra owns two coffee shops: the first one is in Thkov Village, Chheu Teal Commune, Banan District, Battambang Province, and the second one is in Banan Village, Kantueu Pir Commune, also in Banan District, Battambang Province.
With her experience and trusted financial support from LOLC Cambodia have become important capital resources driving Mrs. Rieng Chanra’s business.
As the owner of a coffee shop that has been operating for over six years, Ms. Chanra shared her journey of starting and expanding her business until she achieved the success she enjoys today. Currently, she owns two coffee shops: the first one is in Thkov Village, Chheu Teal Commune, Banan District, Battambang Province, and the second one is in Banan Village, Kantueu Pir Commune, also in Banan District, Battambang Province.
With a bright smile, Mrs. Chanra recounted that before opening her own café, she used to work as a staff member at another coffee shop. This job gave her the skills and knowledge necessary to eventually run her own businesses. Nevertheless, financial support played a crucial role in enabling her to open and operate her businesses.
In 2020, Mrs. Chanra applied for her first loan of USD 5,000 from LOLC Cambodia to fund the startup of her dream café. Her first business showed strong potential and operated successfully. In 2021, she applied for a second loan of USD 7,000 to further invest in her growing business. Seeing its continued, stable growth, Mrs. Chanra decided to open her second coffee shop in 2023 with a third loan of USD 9,000 from LOLC Cambodia.
By using LOLC Cambodia’s financial services responsibly, Mrs. Chanra not only succeeded in opening her own businesses but also gained financial stability and a better living standard. Through her wise use of the loans, she has ensured the continued growth of her business and an improved quality of life for herself and her family.
Ms. Song Ley, a food and snack vendor in Kouk Kandal Village, Lvea Krang Commune, Varin District, Siem Reap Province.
I am very satisfied with using loans from LOLC Cambodia because LOLC Cambodia provides excellent services, a wide range of financial products, and especially, the staff are friendly and provide clear guidance on how to use the loan properly and purposefully,” said Ms. Song Ley, a food and snack vendor in Kouk Kandal Village, Lvea Krang Commune, Varin District, Siem Reap Province.
Mrs. Ley recalled that before taking out a loan from LOLC Cambodia, she had explored the loan conditions offered by several other financial institutions, with the intention of applying for a loan to expand her business. However, after receiving advice about the services and loan products offered by LOLC Cambodia from her younger sibling who is also a customer of LOLC Cambodia, she has gained a better understanding of LOLC Cambodia’s loan products. Eventually, she became one of LOLC Cambodia’s clients and applied for multiple loans to support the growth of her business over time.
Mrs. Ley added that she has been using loans since 2017 up to the present for various purposes, applying for a loan of 8,000,000 Riels as working capital to invest in her business. This financial support provided her with the opportunity to create additional sources of income, which improved her sales and allowed her to meet more customer demands. She also applied for an additional loan of USD 2,350 to further expand her business, with part of the loan used to purchase a motorbike for both family use and business purposes. Furthermore, she applied for a loan of USD 20,000 for purchasing land intended for building a house in the future.
In the interview with LOLC Cambodia staff, Mrs. Ley also shared that her current success is the result of significant financial support from LOLC Cambodia combined with her own hard work and determination. This progress has enabled her to build her own home and to obtain household appliances for personal use, improving her overall quality of life.
Mr. Teng Sam Ang and his wife are business owners who make pickled green mustard for sale in Chanlak Village, Kokir Commune, Kien Svay District, Kandal Province.
They have three children under their care, who are currently studying in primary school. During their free time, the children often help with easy tasks in the pickled green mustard business, such as washing and cutting the cabbage.
Before becoming clients of LOLC Cambodia, Mr. Som Ang shared that he and his family lacked sufficient capital to expand their business. Their determination to grow the business and overcome these challenges led Mr. Som Ang and his wife to discuss and seek solutions. As a result, they chose LOLC Cambodia as their financial partner to support their business expansion.
To date, Mr. Som Ang and his wife have taken four consecutive loans from LOLC Cambodia to expand their business. These loans have provided the necessary capital to sustain and grow their operations. With this support, they were able to construct a suitable facility for their pickled green mustard production and purchase a vehicle for business use.
The growth of their business has significantly improved the family's living conditions. Increased income has allowed them to renovate their house into a new, comfortable, and safe home, enhancing their quality of life and financial stability.
In the beginning, Mr. Hao Liheang owned a grocery store. However, since this business was not fit for him...
He explored the market potential in his community and decided to establish a new business to seize opportunities for success.
To establish a new business selling shoes, clothing, and bags, Liheang applied for a loan of USD 20,000 from LOLC Cambodia in 2022. After operating the new business for some time, he noticed significant growth in business performance as his sales increased substantially. This motivated him to apply for a second loan of USD 7,000 in 2023 to further increase the inventory for sale.
Today, Mr. Lihieng’s shoes, clothing, and bag shop have gained substantial customer support. The growth of his business has noticeably improved his family’s financial situation.
In conclusion, Mr. Lihieng stated that his success has been made possible through the financial support of LOLC Cambodia, which has provided him with the opportunity to establish and grow his thriving business.
Mr. Bun Ravan started his career as a small grocery store owner and gradually built and managed three successful businesses simultaneously.
Mr. Bun Ravan started his career as a small grocery store owner and gradually built and managed three successful businesses simultaneously. He is now the owner of a petrol station, a Wing agent, and a grocery store owner, all based in Kandol Village, Svay Chek Commune, Angkor Thum District, Siem Reap Province.
In an interview with LOLC Cambodia staff, Mr. Ravan shared that his current success is partly due to the financial support provided by LOLC Cambodia and his persistent efforts. Beginning with a small wooden store selling groceries and beverages, he always had the ambition to expand his business.
In 2018, Mr. Ravan applied for and received his first loan from LOLC Cambodia to grow his business, enabling him to stock enough groceries for his store. This marked the beginning of his store’s growth. He later obtained additional loans to expand further, establishing two new ventures: a petrol station and a Wing agency, which provided additional income opportunities.
With multiple rounds of financial support from LOLC Cambodia, Mr. Ravan significantly improved his livelihood. He successfully strengthened and developed all three of his businesses into stable and sustainable ventures. This support also allowed him to enhance his family’s quality of life by building a new, comfortable home for his family.
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