Shared her success story in utilizing a loan for its intended purpose and managing it effectively
As she prepared items for sale, Mrs. Yon Vanki, smiling with satisfaction, shared her success story in utilizing a loan for its intended purpose and managing it effectively. With the support of a loan from LOLC Cambodia, she was able to expand her business to include the sale of vegetables, fish, and meat, in addition to her existing grocery and skincare operations, which led to a significant increase in her income.
Mrs. Vanki, a 28-year-old skilled business woman from Stueng Touch Village, Kak Commune, Ponhea Kraek District, Tboung Khmum province, utilized additional capital from LOLC Cambodia to further expand her sales potential and better serve the needs of her community. Impressed by the quality of products and prompt service from LOLC Cambodia, she also secured an additional loan to purchase farmland.
Mrs. Vanki expressed that the loan from LOLC Cambodia has significantly improved her family’s quality of life, enabling her to run a successful new business and increase the family’s income, all while fostering strong relationships within the community.
Seizing opportunities for growth has truly brought remarkable success to Mrs. Sony’s business and livelihood!
Seizing opportunities for growth has truly brought remarkable success to Mrs. Sony’s business and livelihood!
Ms. Sony is a construction materials vendor in Ou Beng Village, Me Sar Chrey Commune, Stueng Trang District, Kampong Cham Province. Besides selling construction materials, she also raises pigs and runs a farm. With joyful expression, Mrs. Sony shared that she has been in the construction materials business for nearly three years. Currently, this business has significantly flourished, with an increase in income that satisfies her, enabling her to support her family and live a better life after utilizing two loans from LOLC Cambodia.
Ms. Sony revealed that in 2022, she had the desire to expand her construction materials business but lacked sufficient capital to fulfill that aspiration. Therefore, she sought financial assistance and decided to take out a loan from LOLC Cambodia to purchase additional construction materials to support her business expansion. After using the financial support from the loan for a while, Mrs. Sony noticed that her business had grown significantly, and she had enough materials to meet customer demand, which led to a steady increase in her income.
Due to the prosperous growth of her business, Mrs. Sony expressed her recognition that the loan, which served as financial support from LOLC Cambodia, played a crucial role in giving her the opportunity to expand her business and significantly increase her income.
I firmly believe that using LOLC Cambodia loans has genuinely helped improve my family’s standard of living
“I firmly believe that using LOLC Cambodia loans has genuinely helped improve my family’s standard of living,” shared Mrs. Seng Chakriya, a grocery and clothing business owner in Phsar Village, Phsar Commune, Baribour District, Kampong Chhnang Province.
With a warm and welcoming smile, Mrs. Chakriya explained that her business is currently thriving, thanks to the increasing support from her customers. She emphasized that this growth has been made possible through the financial support provided by LOLC Cambodia. Their contribution has driven her business to expand rapidly, aligning with her vision.
It is worth noting that, upon recommendations from current LOLC Cambodia loan users, Mrs. Chakriya decided to apply for two sequenced business expansion loans from LOLC Cambodia. She has since increased her inventory to meet the demands of her customers. With the additional capital from these loans, she has witnessed significant progress in her daily income.
Finally, Ms. Chakriya expressed her satisfaction with LOLC Cambodia’s services, highlighting their fast, reliable, and trustworthy solutions, along with their skilled and professional staff who offer excellent consultant.
It is worth noting that after receiving guidance from a direct loan user with LOLC, Chariya’s sister decided to apply for two consecutive loans from LOLC to use as capital for expanding her business.
Mrs. Pes Phalla’s achievements stand as a testament to the power of responsible financial planning. As a successful client of LOLC Cambodia, she has demonstrated exceptional progress through the purposeful and effective use of her loans.
Mrs. Pes Phalla’s achievements stand as a testament to the power of responsible financial planning. As a successful client of LOLC Cambodia, she has demonstrated exceptional progress through the purposeful and effective use of her loans. Residing in Ou Mkak Village, Dambouk Khpos Commune, Angkor Chey District, Kampot Province, she runs a grocery business while her husband, Mr. Nen Boeun, operates a motorcycle repair shop.
Mrs. Phalla shared that she was previously employed at a casino, and her husband had no stable employment. After receiving advice from her mother-in-law, a long-time client of LOLC Cambodia, she became interested in the financial services offered and decided to apply for her first loan in 2018. This initial loan enabled her to purchase essential motorcycle repair equipment, allowing her husband to establish his own business. Over time, Mrs. Phalla took out two additional loans, which she used to expand her grocery business and renovate their home, making it more comfortable and livable.
As a result of using the loans wisely and with a clear purpose, Mrs. Phalla’s family has experienced substantial financial growth. She is pleased to report that the increased income has enabled them to buy a car, a motorbike, and other necessary household items, while also transforming their home into a more comfortable and well-maintained environment.
Income from various sources, combined with proper financial support, has led to stable, strong, and secure financial management for Mrs. Chheak Sin’s family.
Mrs. Sin is a food vendor and grocery seller. In addition to these jobs, she is also a farmer and pig raiser, residing in Pongro Ta Lei Village, Ampil Commune, Banteay Ampil District, in Oddar Meanchey Province.
Mrs. Sin shared with LOLC Cambodia that her income has increased significantly from the four occupations mentioned above, thanks in part to LOLC Cambodia’s loans. She made sound decisions and had clear plans for utilizing the loans effectively, which has brought significant improvements and growth to her family’s livelihood.
She added that she had been aware of LOLC Cambodia’s loan products for a long time and decided to seek consult and use the loans for three consecutive cycles. Mrs. Sin revealed that she applied for her first loan in 2022 to buy more inventory for her grocery-selling business. Later, she took a second loan in 2023 to build two Khmer cottages (ខ្យុស) to accommodate guests in her food business, and a portion of the loan was used to start a new business: buying pigs for raising and selling. The most recent loan was requested to expand the purchase of farming supplies to double crop yields, while the remaining amount was used to purchase an additional grocery-selling inventory in 2024.
Ms. Sin’s story highlights how LOLC Cambodia’s loans have played a crucial role in strengthening and growing clients’ businesses, as well as enhancing their family’s income-generating capacity, ultimately improving their overall quality of life.
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