After years of skill development, Mr. Sok Tina eventually reaches a point where he can start his own business. He aims to find a reliable financial partner to help grow the business and increase incomes.
In Rumchek Village, Rottanak Commune, Battambang District, Battambang Province, is where Mr. Sok Tina works as an auto mechanic. He's been involved in this business for three years, having started this career as an apprentice in a garage with many years of experiences, he tried to grow his skills and expertise in this business until he became strong enough to start his own vehicle repair garage with some of his own capital.
Although he started his own business, his dream did not stop there; he wanted to expand this business even more to attract customers and increase income. He chose LOLC as a financial partner to provide additional capital for business expansion. He has taken out loans for three cycles in a row from 2019 to present.
He described his experience in using the loans to expand his business with a smile and stated that the LOLC loan has indeed contributed to the growth of his business, which has enabled him to increase his income and sustain his family's life.
Managing two businesses at the same time is not a problem for Mrs. Son Noy because she has a strong financial partner.
Mrs. Son Noy lives in Ou Da Village in Phlov Meas Commune, Rotonak Mondol District, Battambang Province. She is a wise woman who used LOLC loan as capital to successfully expand two businesses at the same time. Her two businesses are selling groceries and farming.
Obviously, success does not come by chance. After carefully thinking and planning a business expansion plan, she decided to take the next step by choosing a strong financial partner who could support her on this planned journey. She also stated that the financial partner she chose was LOLC. After using the LOLC loan to expand her grocery store and cultivation, she was able to generate more income from both businesses, allowing her to increase her inventory for sale and extend cultivation by purchasing an additional 5 hectares of land.
She thanked LOLC Cambodia for providing the loan to capitalize, expand her business, and help improve her family's livelihood.
LOLC loan has made it possible for Mrs. Pheuk Makara to start her own business
Mrs. Pheuk Makara currenlty run a laundry service in Ou Chrov Village, Ou Chrov Commune, Paoy Paet City, Banteay Meanchey Province. Her business has been steadily improving her life as her earnings increase every month.
She shared that before becoming the owner of her laundry shop with regular customers like these days, she used to work at a casino in Poipet and received a little salary, but after owning a shop, she was able to earn more money from her laundry business daily, especially her monthly income has increased four to five times than the salary earned from working as a casino employee. She added that she did not have enough capital to run this business completely, but the LOLC Cambodia’s loan enabled her to make this business stand out and move forward to current growth.
She stated that she utilized the loans from LOLC Cambodia for up to three cycles: the first was used to run a laundry business, the second to improve the shop, and finally she used it to buy a truck for transporting goods. Therefore, her decision to start this business was the right choice for her family's livelihood.
Holding on to her dreams, Mrs. Chan Sin actively looked for financial support to take her business to the next level
Mrs. Chan Sin sells groceries in Ta Duol Village, Phkoam Commune, Svay Chek District, Banteay Meanchey Province, while her husband is a delivery driver. Running her business every day, she dreams of seeing both her and her husband's businesses expand. She did not give up on her dream, so she decided to use LOLC loan as a powerful financial partner to help her.
As expected, the use of LOLC loans is the best option she has chosen for this business expansion process. Apparently, she has used up to three loan cycles to expand the business by purchasing more groceries and buying two new cars which is one as the means of personal freight forwarding and another one for family use.
As a result, she achieved her goal by earning a lot of money after the business grew well.
She was able to afford to buy land and renovate a house from a wooden one with galvanized roof and wooden walls to a beautiful stone house with a tiled roof and brick walls.
Mr. Horn Nom’s agricultural output and revenue have increased substantially after properly utilized the loan for the right purpose
Mr. Horn Nom is a pepper and cassava farmer in Pu Kraeng Village, Srae Ampum Commune, Pech Chreada District, Mondul Kiri Province. He has been in this business for 10 years. The income from the sale of his crops was enough to support his family, but he did not have much money left over to save.
He understood how to increase the income from his crops. He strengthened the cultivation to increase the yield for higher sales and decided to apply for a loan from the LOLC as additional capital. With financial support, he confidently increased his crop yields. The yield on both of his farms improved substantially as expected, thanks to the contribution of LOLC loan which he has applied for up to three cycles.
His family's life is improved, and he becomes more prosperous because of his efforts, clear thinking, and proper use of loans.
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
Information Security
