Mrs. Chompa runs a business selling herbicides and beverages, while her husband, Mr. Ream Khan, works as a rice and cassava farmer in Thmar Puok District, Banteay Meanchey Province.
As a family filled with hope, big dreams for a better life, and strong determination, Mrs. Thery Chompa and her husband, Mr. Ream Khan, have successfully expanded their business and livelihood, achieving impressive progress and growth. Mrs. Chompa runs a business selling herbicides and beverages, while her husband, Mr. Ream Khan, works as a rice and cassava farmer in Thmar Puok District, Banteay Meanchey Province.
Starting from a small business with limited stock, Mrs. Chompa recognized the potential in retail store and decided to expand her business with financial support from LOLC Cambodia in 2023. She applied for a loan of USD 7,000 to increase her inventory to better meet customer demand and to purchase additional cassava farmland for her husband’s farming activities. Later, in 2024, Mrs. Chompa and Mr. Khan took a second loan of USD 5,000 as additional capital to further expand their business and buy more cassava farmland.
Through their hard work and smart, efficient use of the loan, Mrs. Chompa’s business has become more successful, while Mr. Khan’s farming activities have also produced a satisfying level of output. Mrs. Chompa explained that using the loan from LOLC Cambodia provided their family with sufficient capital to develop both their business and their livelihood. They were able to purchase additional goods for sale and expand their farmland even further.
As a result of this progress, the family’s income has increased significantly, giving them enough working capital for both the business and farming activities. This also enabled them to make regular and timely repayments to LOLC Cambodia, while improving their overall household well-being.
Mr. Bunna is the owner of a grocery shop and a small gas station located in Phnom Sruoch District, Kampong Speu Province
Mr. Khi Bunna is a former factory worker who never gave up on his dream of becoming a business owner. Through determination and hard work, Mr. Bunna was able to turn his dream into reality by successfully starting his own business. Today, he is the owner of a grocery shop and a small gas station located in Phnom Sruoch District, Kampong Speu Province. With a long-term vision, Mr. Bunna continues to regularly improve and further develop his business.
In 2019, after a careful consideration, Mr. Bunna chose LOLC Cambodia as his financial partner and obtained his first loan of USD 8,000 to expand his grocery shop and renovate his home. Later, in 2023, he applied for a second loan of USD 13,000 to further strengthen his business by increasing grocery stock and purchasing additional fuel for storage.
Over four years of utilizing loans from LOLC Cambodia, Mr. Bunna’s businesses have experienced significant growth, resulting in increased income and improved living conditions for his family. He further shared that the prompt services and attentive advice provided by LOLC Cambodia staff gave him strong confidence in using the loans to develop his business.
Mr. Khi Bunna is extremely pleased to see his grocery business and small gas station continue to grow, enabling him to meet the needs of existing customers while also attracting new customers within the community. This success clearly demonstrates that having a reliable financial partner is a key factor in strengthening business stability and long-term sustainability.
Mr. Yuth Rasmey has persevered through many challenges to successfully expand his small agricultural business
Starting as a small-scale rubber and rice farmer in Chanmul village, Chanmul commune, Memot district, Tboung Khmum province, Mr. Yuth Rasmey has persevered through many challenges to successfully expand his small agricultural business. He has purchased several additional hectares of land to grow various crops, including mango, durian, and pepper. In addition, Mr. Rasmey has also started a new grocery business at his home using the remaining loan amount.
Behind all of Mr. Yuth Rasmey’s success stands a trusted financial partner who has continuously supported his journey, LOLC (Cambodia). LOLC (Cambodia) has provided him with the necessary financial assistance to expand and improve his small-scale farming operations. To date, Mr. Rasmey has taken three loan cycles from LOLC (Cambodia). His first loan of USD 10,000 in 2022 was used to expand his rubber plantation and purchase additional land for mango farming. The second and third loans were used to buy land for durian and pepper cultivation, and a portion of the funds also helped him start his new wholesale business at home.
Over the years, with financial support from LOLC (Cambodia), Mr. Rasmey has achieved impressive results. His farms have yielded abundant harvests, allowing him to sell more produce to traders and supply more goods to people in his community. This growth has doubled his income compared to before receiving loans from LOLC (Cambodia).
Today, Mr. Yuth Rasmey maintains strong financial stability within his family. He expressed his trust and appreciation toward LOLC (Cambodia), recognizing it as a financial institution that truly cares about the progress of its clients, employs highly professional staff, and provides fast and efficient services. He also thanked LOLC (Cambodia) for its affordable loan products and excellent customer service, which have supported the expansion of his farming and grocery business, helping him improve his livelihood and achieve a better quality of life.
Mrs. Hael Davy has achieved remarkable progress after using loans from LOLC Cambodia to develop and expand her business
As the owner of a grilled-meat restaurant located in Bak Ronoas Village, Sangkhoar Commune, Svay Rieng District, Svay Rieng Province, Mrs. Hael Davy has achieved remarkable progress after using loans from LOLC Cambodia to develop and expand her business.
Mrs. Davy shared that the financial support from her three loan cycles with LOLC Cambodia has helped improve her family’s living conditions significantly. She explained that in 2018, she used her first loan of USD 10,000 to expand her business and purchase a plot of land for future use. Later, with the aim of further business expansion, she took additional consecutive loans to build new bamboo dining huts, improve her restaurant, and purchase more equipments needed for her grilled-meat business.
The most noticeable difference before and after receiving financial services from LOLC Cambodia is that her business income has nearly doubled. This is because her restaurant can now accommodate more customers thanks to the new dining huts and the expanded, more spacious restaurant layout.
With the business growth supported by LOLC Cambodia’s financial services, Mrs. Davy has been able to make her repayments regularly. Additionally, she is now able to save some money and reinvest part of her earnings back into her business.
Mr. Yong Savrong, a model farmer from Snuol District, Kratie Province, has gained the attention of fellow farmers in the community due to his success in transforming his livelihood through the smart use of loans from LOLC (Cambodia)
Located in the northeastern highlands of the Kingdom of Cambodia, most families rely on farming for their livelihood. They commonly grow rubber and cashew trees, which are well suited to the soil and climate of the region. Among the farmers in this area, Mr. Yong Savrong, a model farmer from Snuol District, Kratie Province, has gained the attention of fellow farmers in the community due to his success in transforming his livelihood through the smart use of loans from LOLC (Cambodia).
In the beginning, Mr. Savrong was just an ordinary farmer, cultivating rubber on a small plot of land like many others. However, driven by hard work and a desire to build a better future, he began studying the market and the potential of rubber farming. He later decided to expand his plantation to increase both yield and household income.
In 2020, he applied for a loan of 4,000,000 riels from LOLC (Cambodia) to purchase fertilizer to improve the growth of his rubber trees. Later, in 2021 and 2023, he applied for additional loans to purchase more land for expanding his rubber plantation, as well as land for growing cashew trees. A portion of the loan was also used to buy rubber and cashew seedlings for planting in his fields.
After many years of dedication and with the support of reliable financial services, Mr. Savrong began harvesting rubber and cashew crops that produced highly satisfying yields. Today, he owns 5 hectares of rubber plantation and 2 hectares of cashew plantation, a remarkable improvement compared to his situation before using LOLC (Cambodia) loans.
Mr. Savrong shared, “A loan does not make our lives difficult. Instead, it is a form of financial support that helps improve our family’s livelihood, if we use it correctly and for the right purpose, with a clear business plan, proper utilization, and discipline in financial management”.
The success of Mr. Yong Savrong demonstrates that using loans responsibly, with proper planning and careful consideration, can significantly improve living conditions as the business continues to grow.
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