The Small and Medium Enterprise Loan (SME) aims to support individuals, companies or enterprises in running or expanding their businesses in all legal sectors, including trade, services, agri-businesses and manufacturing. The loan product targets clients with small to medium size businesses requiring a loan from 40,000,001 riels upward or its equivalent.

LOLC’s Small and Medium Enterprise Loan offers clients a number of key benefits:

• A reasonable interest rate, calculated based on outstanding balance,
• Convenient option to apply for and repay loan at nearest LOLC office or any money transfer agents which has been incorporated with LOLC,
• Flexible loan terms and repayment plan that are catered to your need.

Product Features: 

The SME loan is designed for adapting to the needs of our clients by allowing several options of repayment mode:

• Fixed installment (monthly interest and principal repayment),
• Semi-balloon (monthly interest repayment and the principal repayment based on cash flow analysis and mutual agreement),
  
• Annuity, or
  
• Flexible annuity.
  

Fee:

Processing fee is charged 1% - 2% per cycle.

Requirement:

• Be a majority aged 18 to 70 years old
  
• Permanent resident
• Have a legal business and regular income
• Have a good record and be reliable
• Have enough capacity to repay the loan
• ID card and family book, or resident book, or birth certificate
• Agree to the loan term & conditions.

How to apply: 

To apply for loan, client shall follow these simple steps:

• Talk to a LOLC staff in your area or at the nearest LOLC office or via call center 023 991 991.
• Request a specific amount and term based on your needs.