Mr. Hun Phearum credits the financial support from LOLC Cambodia with driving the growth of his business, enabling him to provide a quality education for his children, and earning him recognition within the community.
Mr. Hun Phearum is a motorcycle mechanic based in Tuol Chrey Village, Barang Thleak Commune, Phnum Proek District, Battambang Province. Despite his many years of dedication to the business, he has struggled to generate a substantial income. Recognizing the potential for growth and improvement, Mr. Phearum viewed financial assistance as a strategic opportunity to expand his business and enhance his quality of life.
With an initial loan from LOLC Cambodia, Mr. Phearum's business began to thrive. Pleased with the results, he continued to utilize LOLC Cambodia's financial services, taking out loans for four consecutive cycles. This enabled him to purchase additional equipment and expand his motorcycle repair shop significantly.
Today, Phearum's family enjoys greater prosperity, which has enabled him to expand his business, attract wider customer support, and invest in his children's education. This improved financial stability has also allowed him to transform his home from a modest wooden structure into a larger, more substantial stone house.
With a pretty smile, Mrs. Mong Nie Eang expressed her gratitude and happiness to LOLC Cambodia for the positive changes in her family's situation.
She credited the LOLC Cambodia loans for empowering her to establish a thriving business, support her family, and save for the future.
Mrs. Mong Nie Eang, a resident of Ou Reang Ov district, Tboung Khmum province, has successfully cultivated piper betel and areca palm trees. She has two children: her eldest son helps manage the family business, while her youngest daughter is still in high school.
Faced with a lack of capital to expand her business and cultivate piper betel and areca palm, Mrs. Nie Eang, driven by her commitment to hard work and determination to build a better life, sought reliable financial assistance. Ultimately, she chose LOLC Cambodia as her financial partner. In 2021, her family's economic situation and business began to flourish after securing a loan from LOLC Cambodia to expand her business. The success experienced from this initial financial assistance from LOLC Cambodia encouraged her to continue utilizing loans to further broaden her cultivation efforts, thereby significantly enhancing the scope and scale of her plantation.
Mrs. Nai Eang's diligent efforts as a grower and seller of piper betel and areca palm resulted in high yields and good sales. Her unwavering dedication not only improved her customer supply but also significantly increased her family's income. This financial success enabled her to build two additional houses, purchase several hectares of land, and accumulate sufficient reserves to further expand her business
The following is the message of Mrs. Svay Samnang who subsequently fulfilled her wish after using a loan from LOLC Cambodia.
Success contributes from hard work and wisdom. Through the strong efforts with the support of LOLC Cambodia loans, Mrs. Svay Samnang has achieved greater business expansion than anticipated, steadily increasing her income and continuously fulfilling her aspirations.
Mrs. Svay Samnang, a 35-year-old grocery retailer in Tboung Khmum Province, has been in business for five years. To achieve her full potential, she sought financial assistance by getting loan from LOLC Cambodia. The initial loan enabled her to increase her inventory, thereby better supporting her customers and advancing her business goals.
By utilizing consecutive loans to expand her business, she observed remarkable growth that could improve her livelihood and housing conditions for her family.
Loans as financial assistance from LOLC Cambodia have significantly contributed to the growth of Heang Leanghy's business.
Loans as financial assistance from LOLC Cambodia have significantly contributed to the growth of Heang Leanghy's business. Operating as a grocery seller in Chhouk Sor Village, Khun Ream Commune, Banteay Srei District, Siem Reap Province, Mrs. Leanghy has managed her business for nearly a decade.
In 2017, after learning about LOLC Cambodia and its loan products, she was inspired to improve her life by expanding her business. She decided to take out her first loan to expand her business by acquiring additional inventory.
As a result, her business gradually grew, prompting her to utilize loans for two consecutive cycles to further expand her business and buy land for constructing a house for her family.
The success of Ms. Leanghy’s business clearly demonstrates the positive effects of using loans wisely and responsibly.
"I am very happy to see my business thriving and to be able to build a beautiful and comfortable home," said Mrs. Leanghy with a smile. Looking ahead, she plans to further expand her business and purchase a car for her family.
Mrs. Lap Chenda demonstrated that the loan provided by LOLC has significantly improved the livelihoods of its customers.
Mrs. Lap Chenda, a construction materials seller in Pro Phong village, Samrong Leu commune, Banteay Meas district, Kampot province, once faced significant financial constraints. A few years ago, her earnings were barely sufficient to support her family, leaving no room for business expansion. Despite her strong aspirations for growth, her dreams remained unfulfilled.
To address her financial challenges, Mrs. Chenda applied for a loan from LOLC Cambodia in 2014. With the initial loan, she successfully expanded her construction material business. Encouraged by this progress, she secured additional loans to open a motorcycle repair business for her husband. Ultimately, she took out two more loans to further enhance both businesses.
With the financial support of LOLC Cambodia, the life and livelihood of Mrs. Chenda and her family have improved, and her income increased significantly that’s she can be able to improve her home to be more comfortable.
The story that Mrs. Chenda described above clearly shows that LOLC's loan has really contributed to build a better life for clients in the growth of sustainability and prosperity together.
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