Mr. Soeun Kosal
Understanding market needs is important for leading to business growth.
Mr. Soeun Kosal is a tour guide in Siem Reap province. To facilitate his tour guiding and make the tourists more convenient, Mr. Soeun Kosal purchased a three-wheeler by using LOLC (Cambodia)’s loan in 2018 after getting to know LOLC (Cambodia) through LOLC Cambodia Facebook page.
Besides being a tour guide, he is also a car seller. To strengthen and expand this business to be stronger and more potential, he continued to use the LOLC (Cambodia)’s loans for two more cycles to buy more cars for sale. Understanding market demand and smart decisions in using loans have made his business grow as his expectation. Mr. Soeun Kosal enjoys using LOLC (Cambodia)’s loans, which make his businesses grow and improve living standard of his family.
“I am happy using LOLC (Cambodia)’s loan because its interest rate is reasonable for me which can be used to expand my business progressively.” Mr. Soeun Kosal said.
Ms. Khean Sokheang achieved her dream of becoming a Tofu Skin production owner
Ms. Khean Sokheang and her husband are currently Tofu Skin production owner, who improves this business consequently. Before using LOLC (Cambodia)’s loans, Ms. Khean Sokheang and her husband were warehouse keepers whose income was still limited.
After getting recommendation from her mother who has been a client ofLOLC (Camboddia) , she satisfied to choose LOLC (Cambodia) with initial loan in 2021 for fanancial support to start up her own Tofu Skin production, located in Kbal Hang Chas village, Lvea Lue commune, Chamkar Lue district, Kampong Cham province.
After running for a while and seeing that the production is growing and receiving more support from customers, she continued to develop this production even bigger through two more loans from LOLC (Cambodia).
Ms. Khean Sokheang said that without the capital support from LOLC (Cambodia), she would not be able to run this handicraft. She continued that she is very satisfied with LOLC (Cambodia) because besides helping to achieve her dream by providing loans with reasonable interest rates and convenient terms and condition, she also gained financial knowledge regarding effective management of income and expenses in the family.
Mr. Loeb Rathana
A young businessman starts up his favorite business with LOLC (Cambodia)’s loans.
Mr. Loeb Rathana is a young businessman who is selling clothes and sports equipment at Kor Anderk market in Prasat Village, Prasat Commune, Kampong Trabek District, Prey Veng Province.
Before becoming an LOLC (Cambodia) client, Mr. Loeb Rathana sold clothes in a family’s shop. Later, he got to know LOLC (Cambodia) coincidentally through playing sports with LOLC (Cambodia) staff together, he then caught up some information of loan product during chit chat. With the purpose of starting up his own business, he learned more about LOLC’s loan terms and conditions. As a result, the documents and requirements are very suitable for him, which he decided to choose LOLC (Cambodia).
Mr. Loeb Rathana began his own business with LOLC’s loan in the late of 2020 by purchasing a store, and clothes and sport equipment for own sale. Running a business with a lot of competitors, but his business kept growing because he always built good relationships with customers. Seeing the potential of the business after running for the past two years, he applied for a second loan in 2023 to buy more clothes, shoes, bags, and sports equipment to meet the growing demand of customers. He plans to use another loan products to set up a new store in the future.
Mr. Loeb Rathana is satisfied with LOLC’s loan products which fit his business requirements. Also, LOLC’s staff are trusted and professional with good behavior.
Aunty Chhoun Sorphorn operate a diverse range of beverage businesses
Effective collaboration between spouses, coupled with adequate capital, plays a pivotal role in fostering business growth. Aunty Chhoun Sorphorn and her husband exemplify this synergy as they operate a diverse range of beverage businesses in Prachea Thom Lech Village, Phsar Kandal Commune, Poipet District, Banteay Meanchey Province. Since 2012, Aunty Chhoun Sorphorn has been a valued client of LOLC Cambodia, utilizing their loans strategically.
Her initial loan was instrumental in expanding her business. Second and Third loans were utilized for purchasing a car and enhancing the comfort of their home. Currently, Aunty Chhoun Sorphorn is using her fourth loan from LOLC Cambodia to further strengthen and prosper her family business. The LOLC Cambodia’s loan has proven invaluable for Aunty Chhoun Sorphorn's family, help business growth and enabling them to offer a diverse range of products to their customers. This success has translated into an improved quality of life, transitioning from a small, challenging wooden house to a more spacious and comfortable stone house. Additionally, owning a car has facilitated convenient travel for Aunty Chhoun Sorphorn's family. After becoming a LOLC Cambodia client, her family able to live in a good condition and had some money left over after monthly expenses. Aunty Chhoun Sorphorn emphasizes the importance of spousal cooperation with the right capital, citing it as a crucial factor in promoting business growth and fostering happiness within the family.
Mr. Sim Piseth, an electrical appliance, and animal feed seller
"My dream is to become a best salesman by continuing to expand my business," Mr. Sim Piseth, an electrical appliance, and animal feed seller, in Mondulkiri province's Pichreda district, is LOLC’s client who has followed his dream by expanding his business even bigger after using LOLC’s loan. Mr. Sim Piseth used two cycles of LOLC’s loans to purchase electrical equipment and animal feed, as well as some necessary financial support to expand his business following his goal and dream.
With LOLC’ loans, Mr. Sim Piseth transformed himself from a stall seller to a larger shop owner who has enough goods to sell, which make his business grow better with sustainability.
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
