The following is the message of Mrs. Svay Samnang who subsequently fulfilled her wish after using a loan from LOLC Cambodia.
Success contributes from hard work and wisdom. Through the strong efforts with the support of LOLC Cambodia loans, Mrs. Svay Samnang has achieved greater business expansion than anticipated, steadily increasing her income and continuously fulfilling her aspirations.
Mrs. Svay Samnang, a 35-year-old grocery retailer in Tboung Khmum Province, has been in business for five years. To achieve her full potential, she sought financial assistance by getting loan from LOLC Cambodia. The initial loan enabled her to increase her inventory, thereby better supporting her customers and advancing her business goals.
By utilizing consecutive loans to expand her business, she observed remarkable growth that could improve her livelihood and housing conditions for her family.
In order to pursue his dream of expanding his business to be more prosperous, Mr. Vong Bunthat chose to use a loan with LOLC to be a partner in investing in the business.
Meet Mr. Vong Bunthat, a dedicated farmer cultivating cashew, potato, and mushrooms in Ou Tevda Village, Kampong Damrei Commune, Chhloung District, Kratie Province, is determined to elevate his business to greater prosperity.
Despite facing financial constraints, a turning point emerged when Bunthat was introduced to LOLC Cambodia by his friend. Then Bunthat made the decision to seek a loan from LOLC Cambodia as his first step towards expanding his agriculture. This marked the commencement of an inspiring journey towards growth and success.
Bunthat and his wife utilized the initial loan to purchase farmland and expand their mushroom farm. The infusion of capital quickly led to a flourishing business, attracting a growing customer base. Encouraged by the success of their business growth, Bunthat approached LOLC Cambodia for additional financial support to further expand his enterprise. Securing two more loans, he was able to scale up his plantation and improve the quality of his crops.
Bunthat attributes a significant portion of his success to the unwavering support provided by LOLC Cambodia. He expresses profound gratitude for the financial assistance, which was accompanied by reasonable interest rates and convenient terms and conditions. Additionally, LOLC Cambodia equipped him with invaluable financial awareness on the appropriate use of loans and cautioning against resorting to informal lending sources or misusing borrowed funds. This financial education awareness has played a pivotal role in sustaining and expanding his business ventures while also contributing to enhancing his family’s overall financial security.
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.
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.
In addition to enjoying a prosperous and financially stable life, Mrs. Lor Srey Keo leads a life of happiness and fulfilment.
Her journey is a testament to the incredible transformation possible through commitment and sound financial management, with significant contributions from LOLC Cambodia.
Mrs. Lor Srey Keo is a dedicated food seller and salon owner at Krabei Tram Village, Chongruk Commune, Kong Pisei District, Kampong Speu province. She always dreamed of expanding her businesses but lacked the capital to do so. Her journey took a turn for the better when she learned about LOLC Cambodia through her sibling.
Seizing the opportunity to realize her dream, Mrs. Srey Keo secured a loan from LOLC Cambodia. Over several loan cycles, she strategically expanded her business, doubling her daily income. This significant increase in earnings has greatly improved her livelihood, allowing her to provide better for her family and invest further in her business.
Beyond financial support, the LOLC Cambodia’s staff also provided invaluable financial education awareness, helping Mrs. Srey Keo manage her loans effectively.
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