Life Improvement Loan Asset Backend

Personal Use Loan (LILAB) allows customers to receive financing by using purchased products or equipment as collateral. This gives customers the opportunity to obtain loans to buy personal-use items such as: motorbikes, tricycles, cars, generators, agricultural machinery (tractors, tillers, harvesters, etc.), and heavy equipment. The loan comes with competitive interest rates and flexible repayment terms, with the purchased items or equipment used as collateral. This loan is suitable for customers with stable income sources, such as salaries or income from business, services, or other legal sources. It is intended for purchasing products or equipment for personal or family use. Through this loan offering, LOLC can expand its market share, increase revenue, and maintain long-term operational sustainability.


LOLC's Personal Use Loan offers customers several key benefits, including:

  • Low and competitive interest rates, calculated only on the outstanding principal balance.
  • Flexible options for borrowing and repayment through the nearest LOLC branches or via partnered money transfer agents.
  • Loan term and repayment schedule can be tailored to meet your individual needs.

The Personal Use Loan is designed to meet customer needs with flexible repayment options such as:

  • Fixed monthly payments of both principal and interest, or
  • Fixed monthly payments based on negotiated terms, or
  • Monthly interest payments with principal based on negotiated terms

Eligibility Requirements:

  • Must be a Cambodian citizen aged between 18 and 65 years old
  • Must have a permanent residential address
  • Must have a legitimate and legal occupation with stable income
  • Must have good character and be trustworthy
  • Must have the financial ability to repay the loan
  • Must possess a National ID, passport, family book, residence book, and/or birth certificate
  • Must agree to the terms and conditions of the loan
Currency Loan SizeInterest Rate Per MonthLoan Term
USD
up to 50,000
reasonable interest rate
3 – 60 months

Note: Customers may apply for loans exceeding USD 50,000. For vehicles with a model year of up to 17 years prior to the current year, loan terms of up to 72 months may be considered.


Other Fees:

Document preparation fee: 1% - 1.5% of the total loan amount per loan cycle. Insurance and administrative fee: USD 10 – 50 per month.

Activities Prohibited by LOLC

  1. Production or trade of any product or activity deemed illegal under national laws, international conventions, or treaties, especially those related to the environment, health, safety, and labor sectors.
  2. Production or trade of weapons and ammunition.
  3. Production or trade of alcoholic beverages (excluding beer and wine).
  4. Production or trade of tobacco products.
  5. Gambling, casinos, and similar businesses.
  6. Production, trade, breeding, or ownership of animals, plants, or natural products listed under the CITES (Convention on International Trade in Endangered Species).
  7. Production or trade of radioactive substances.
  8. Production, trade, or use of unbonded asbestos fibers above permissible limits.
  9. Commercial logging or purchasing logging equipment for use in tropical forests.
  10. Production or trade of pharmaceuticals banned or restricted internationally.
  11. Production or trade of pesticides/herbicides that are internationally restricted or banned.
  12. Use of fishing nets exceeding 2.5 km in length.
  13. Activities involving forced labor or severe child labor exploitation.
  14. Production or trade of products containing polychlorinated biphenyls (PCBs).
  15. Any business causing destruction to the ozone layer, prohibited by international law.
  16. Production or trade of timber or forest products.
  17. Production, trade, storage, or transportation of hazardous chemicals above permitted limits or commercial use of such substances (e.g., gasoline, diesel, other petroleum products – excluding fuel stations or small fuel vendors).
  18. Activities affecting indigenous community lands or valuable cultural areas without proper consent and documentation.
  19. Business activities resulting in land disputes, displacement, or loss of livelihood without proper compensation or voluntary agreement.
  20. Business activities involving pornography or obscene content.
  21. Activities involving toxic substances such as greenhouse gas (GHG) emissions, CO2, water, and soil pollution.
  22. Plantation projects requiring deforestation of natural forests.
  23. Cross-border waste trading, unless permitted by the Basel Convention and relevant laws.
  24. Businesses generating excessive solid or liquid waste.
  25. Activities causing explosions, emissions of dust, smoke, strong odors, or loud noise that affects the health, safety, or daily life of nearby residents.
  26. Businesses that excessively consume water, paper, electricity, or exploit natural resources irresponsibly.
  27. Production, distribution, or involvement in discriminatory content or media against democracy or specific groups.
  28. Sectors with minimal benefit, high risk, or subject to speculation (e.g., real estate).
  29. Any production or service that causes serious environmental damage and is prohibited by Cambodian law.
  30. Large-scale hydropower dam projects with irreversible and severe impacts.
  31. Projects affecting world heritage sites, cultural heritage, sacred areas, or community land.
  32. Projects impacting national parks or protected areas listed by the United Nations.
  33. Extraction or construction within IUCN-protected areas (Category I–IV).
  34. Activities causing severe environmental damage, loss of biodiversity, habitat destruction, or spreading zoonotic diseases.
  35. Projects located in or near environmentally sensitive or high-value areas.
  36. Bribery or accepting bribes that could influence business decisions.
  37. Political donations or involvement (e.g., to political parties or candidates).
  38. Use of confidential or restricted information without authorization.
  39. Financial or economic crimes, including money laundering.
  40. False or fraudulent financial or tax reporting.
  41. Unjustified underpricing or overpricing of goods or services.
  42. Engagement with entities under economic sanctions by the UN, EU, or France, regardless of scale.
  43. Illegal trade or facilitation of trafficking in cultural property.
  44. Illegal activities involving human organs, tissues, or products; or banned genetic engineering practices according to French, host country, EU, or international standards.
  45. Private sector financing with intentions or methods clearly against human rights and United Nations guidelines on business and human rights.
  46. Crude oil refining or gas/liquid conversion using 500 tons or more of coal per day.

How to Apply:

To apply for a loan, customers can follow these simple steps:

  • Meet with an LOLC staff member in your area, at the nearest LOLC branch office, or contact us via phone at 023 991 991.
  • Request the specific loan amount and term that meets the needs of you or your group.

How to Apply for Loan


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