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.
Mr. Kuon Phi Used LOLC (Cambodia)’s Loans Aim to Grow His Business
After getting to know LOLC (Cambodia) through his siblings and understood the loan terms and condition, Mr. Kuon Phi who is a welder, and grocery and baby product seller in Chamkar Dong Village, Prey Vihear Commune, Kong Pisey District, Kampong Speu Province decided to use loans from LOLC (Cambodia) up to two consecutive cycles to expand the grocery and baby product selling business by purchasing more goods for selling.
As his purpose, his business grew significantly because there were sufficient items to sell to customers and increased selling, which increased his income steadily. Of course, this is the value of the LOLC Cambodia’s loans, which has forwarded his business to current growth.
He added that LOLC Cambodia’s products and services have the good feature for him and based on the ease of using LOLC Cambodia’ loan and current growth, he will continue to apply for more loans at LOLC Cambodia when needed.
Ms. Nhem Choeun using LOLC Cambodia Loans to boost sales and improve family life
Ms. Nhem Choeun living in Kanhchum Village, Kanhchum Commune, Peam Reang District, Prey Veng Province, has always dreamed of expanding her business to meet the growing demand of customers, but the challenge is the lack of capital. After getting to know LOLC Cambodia, a financial institution that offers a wide range of loans, especially small business loan, Ms. Nhem Choeun applied for a loan by showing a clear plan relates to current and future income-expenditure situations. After receiving the loan, she allocated some money to set up an attractive store and some to buy more goods for sale to meet the needs of customers. As of now, she has used 2 loan cycles with LOLC Cambodia.
Through smart investment, high commitment, honesty, and enough capital support from LOLC Cambodia lead the number of clients has steadily increased and at the same time, her income has also increased. As a result, Choeun’s business is constantly growing and able to repay the loan regularly and even start saving for future plans.
"When we have a clear plan, honesty and hard work, our business has a high chance of success, moreover, when we have good loan repayment history, the next loan application is also easy to get approval from financial institutions for further support our business." she added.
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