Mr. Try Ratha
Using loans in the right purpose leads to business growth and better livelihood
Mr. Try Ratha sells gas in Phnum Village, Sangkat Yeak Laom, Ban Lung City, Ratanakkiri Province. He said that before his business moved to its current success, capital was a major concern for him in expanding his business. However, those concerns were allayed after the financial solution support from LOLC Cambodia.
He used LOLC Cambodia’s loans to achieve his goal by purchasing gas and gas cylinders as well as additional land to expand his current business. Apparently, using the loans for the right purpose led to his business growth, increasing income as he expected.
Through the development of his business, he was able to transform his house from a wooden one into a beautiful hybrid villa which is more beautiful and comfortable to live in, and he bought a car for family use as well. The current business growth encourages him to dream of opening a large gas and gasoline station in the future.
Mr. Vun Vit with financial solution support from LOLC Cambodia, he was able to transform his job from a construction worker to grocery and fruit-shake seller
Mr. Vun Vit with financial solution support from LOLC Cambodia, he was able to transform his job from a construction worker to grocery and fruit-shake seller.
Mr. Vun Vit was a construction worker that used labor to earn money; it taught him the way to increase his income by changing his job for better living. Apparently, he is a grocery and fruit-shake seller which is located in Deylot Sen Chen Village, O'Ambel Commune, Mongkul Borey District, Banteay Meanchey Province.
Currently, his business is going well with support from many customers. However, the growth of current business is a contribution of the financial solution support from LOLC Cambodia. It should be reminded that after he know LOLC Cambodia from his brother, he decided to apply for two loan cycles with the purpose of stating up and expanding his current business by purchasing additional goods to increase the sale.
His living has gotten better because his income from business increased, which allows him to save some money. Especially, he could improve his house and build a bathroom for his family’s consumption as well.
Mrs. Nov Kimlorn
LOLC Cambodia’s loans supports the growth of Mrs. Nov Kimlorn’s family!
Mrs. Nov Kimlorn is a salon owner with 15-year experiences; her husband is a taxi driver in Chakrey Village, Barang Thlak Commune, Phnom Preuk District, Battambang Province. In a smiley and friendly facial expression, she shared the journey of business growth after using LOLC Cambodia’s loan.
Prior to using LOLC Cambodia loans, Mrs. Kimlorn and her husband were hard to accumulate income to support family, because they did not have enough capital to get a new car and to purchase equipment for salon business. That is why Mrs. Kimlorn and her husband chose LOLC Cambodia for solution on lack of capital after receiving information from LOLC staff’s promotion. With trust and confidence, they have applied for four loan cycles from LOLC Cambodia from 2017 to the present.
Mrs. Kimlorn added “LOLC Cambodia’s loans absolutely improved my family growth, and my children also attended school regularly. Moreover, my shop had become wider and more beautiful, attracting more customers to come in as well”.
Mrs. Khean Sanith
LOLC Cambodia’s Loans contributed to her business improvement, a better living standard, and a larger house.
Mrs. Khean Sanith runs a business selling home decor, flowers and groceries in Smach Meanchey Village, Smach Meanchey Commune, Khemara Phoumin City, Koh Kong Province. Currently, her livelihood is better because her income has increased through her business growth. In addition, she has a cozy house which has improved her family life.
This achievement and growth come from the contribution of LOLC Cambodia’s loans, which she has used the loan since 2021 until the present in the purpose to expand the business through purchasing groceries items and more flowers for serving her customers and build a new house.
In her last words, Sanith said that she is confident in using LOLC Cambodia’s loans because they have supported the journey of her business growth and improved her family’s living standard.
The Success of Mr. Horn Touch's business indicated positive results after using LOLC loans
Mr. Horn Touch is a car and motorcycle mechanic in Prey Ampear Village, Prey Tralach Commune, Rukkiri District, Battambang Province. He is highly motivated to earn more money to support his family by expanding his existing business to increase his income, resulting in an improved family’s living condition.
While fixing car, Mr. Horn Touch described that “My business had gone smoother after using first LOLC loans in 2019 and 2023, as the capital to buy additional car and motorcycle spare parts for repair for my customers.”
Recently, he has gotten his house improved to be more spacious and comfortable, as well as running an additional business on car and motorcycle wash, which has truly testified to the success of his business expansion. Furthermore, his success reflects significance of the LOLC Cambodia’s loans as the financial solution to clients.
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