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LIFE IMPROVEMENT LOAN
LOLC’s Life Improvement Loan (LIL) product provides clients with the opportunity to finance consumption and personal purchases at an appropriate interest rate and loan term. As a means for clients to smooth their incomes, the Life Improvement Loan improves client financial security. Purchases made through the LIL can directly improve present and future quality of life of LOLC clients and their families.
The LIL product targets clients that have steady, stable sources of income, such as a salary from an NGO or factory. The LIL has a maximum loan size of $10,000 and a longer term repayment schedule of up to 48 months.
Currency Loan Size Interest Rate Loan Term
KHR up to 40,000,000 1.5% 3-48 months
USD up to 10,000 1.5% 3-48 months
THB up to 400,000 1.5% 3-48 months
Note: this table shows interest rate indication only, and some fee charges may be applied.
Advantages
LOLC’s Life Improvement 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 Life Improvement 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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