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EMERGENCY LOAN
LOLC’s Emergency Loan (EL) product offers existing group loan clients the opportunity to borrow additional funds on short notice for emergency purposes, such as a fire or death / illness in the family. Clients in good-standing with LOLC, who have a demonstrated track-record of on-time repayment and continued capacity to repay, may apply for an EL.
The EL is disbursed as a second, separate loan with a short tenor (3 to 12 months) based on the client’s needs. EL loan size is limited to $250, thus providing clients with a small safety net that allows them to survive economic stresses.
Currency Loan Size Interest Rate Loan Term
KHR Up to 1,000,000 1.5% 3-12 months
USD Up to 250 1.5% 3-12 months
THB Up to 10,000 1.5% 3-12 months
Note: this table shows interest rate indication only, and some fee charges may be applied.
Advantages
LOLC’s Emergency Loan offers clients a number of key benefits, including:
-    Free option of currency: KHR, US dollar or Thai Baht.
-    A reasonable interest rate, calculated based on outstanding balance.
-    Convenient option to apply for and repay loan at nearest LOLC office or at your business site or any money transfer agencies which        incorporated with LOLC.
-    Flexible loan terms and repayment plan that are catered to your need.
Contact Information
To apply for LOLC’s Emergency Loan, follow these simple steps:
-    Talk to a LOLC staff member in your area or at the nearest LOLC office.
-    Request a specific amount and term based on your needs.
-    Provide the necessary documents required by LOLC.
-    Agree to the loan terms & conditions.
Head Office
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia
Tel: (+855) 23 991 991
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