A single source of income was not enough for Mrs. Kong Sreya to achieve financial stability!
Mrs. Sreya is currently a vendor selling grocery and beverages (such as coconut juice, sugarcane juice, and various canned drinks), with her business located in Roboah Angkanh Village, Preaek Aeng Commune, Chbar Ampov District, Phnom Penh. She lives with her husband, Som Chanthy, and their two children, a son and a daughter.
Mrs. Sreya shared that she was dissatisfied with her previous living conditions, as her limited income did not allow her to expand her business. As a result, she started considering ways to generate additional revenue. Initially, she only sold beverages like coconut juice, sugarcane juice, and canned drinks. However, after careful consideration and receiving financial support from LOLC Cambodia, she decided to expand her business by adding grocery selling. This support enabled her to set up her selling location and purchase more supplies to start her new business.
With a bright smile, Mrs. Sreya revealed that she has taken out two loan cycles form LOLC Cambodia. In 2021, she applied for $6,000 to start a new business, and in 2024, she used an additional $1,000 to help it grow. Her efforts paid off, and her business has since grown significantly, leading to increased income, well beyond her initial savings.
From a garment factory worker, Mrs. Roeun Thoeun has created opportunities for herself by transitioning to a grocery store owner, which has significantly improved her livelihood.
Mrs. Thoeun is a grocery seller in Prek Tnaot Village, Tangsya Commune, Phnom Sruoch District, Kampong Speu Province, and currently lives with her husband, who is a wedding chair delivery man and a daughter.
Although her business is already running, Mrs. Thoeun has been considering ways to further grow her business. To strengthen it, she explored the loans offered by LOLC Cambodia after being introduced by acquaintances in her village. Once she fully understood the loan conditions, she quickly seized the opportunity to expand her business, which has continued to grow to this day.
Mrs. Thoeun shared her experience, explaining that she has taken out two cycles of loans from LOLC Cambodia to buy more supplies for her grocery business, and used part of the loan to renovate her home, improving her living conditions. “I am truly happy to have my own business, which provides regular income to support my family. Moreover, I have enough time to take care of my child and live in my own home more comfortably than before,” said Mrs. Roeun Thoeun.
Finally, she praised the LOLC Cambodia staff for their professionalism, offering clear information on loan terms and conditions before issuing the loan. Additionally, she appreciated the friendliness and quick service provided by the staff, which left her very satisfied.
I envision a bright future for my children, encompassing quality education, and stable employment. These aspirations are my primary goals.
"I envision a bright future for my children, encompassing quality education, and stable employment. These aspirations are my primary goals. I extend my gratitude to LOLC Cambodia for their invaluable guidance in helping me achieve these dreams." - Remarks by Mrs. Sao Kim.
Mrs. Sao Kim, a farmer in Hong Tuek Village, Barang Thleak Commune, Phnum Proek District, Battambang Province, cultivates corn, cassava, and chili. Despite her ambitions to expand her farm, financial constraints posed significant challenges. Nevertheless, her determination was invigorated by the success stories of LOLC’s clients.
In 2021, Mrs. Sao Kim became a client of LOLC Cambodia. She utilized her initial loan to enhance her crop yields and purchase essential farming tools. Over four loan cycles, she witnessed substantial business growth with each term.
A testament to her success, Mrs. Kim successfully increased the yield of her corn, cassava, and chilli crops, leading to a significant rise in her income. This progress also enabled her to upgrade her wooden house into a beautiful masonry home. Her journey exemplifies how prudent loan utilization can lead to a better life.
With financial solution from LOLC Cambodia, Mrs. Prum Soleaphea’s restaurant has continued to thrive, aligning with her goal of providing a stable livelihood for her family.
With financial solution from LOLC Cambodia, Mrs. Prum Soleaphea’s restaurant has continued to thrive, aligning with her goal of providing a stable livelihood for her family.
Mrs. Soleapheais the owner of the "Sraem Phum Khnhum" restaurant in Preah Vihear province. Due to the strong support from her customers for her cooking skills, the limited space in her shop restricted the number of guests she could accommodate. To address this, she sought financial solution from LOLC Cambodia. With the loan, she expanded the restaurant, making it larger and more aesthetically appealing to attract more customers and boost revenue. Additionally, she applied for another loan to purchase a plot of land to build a house for her family.
Mrs. Soleaphea shared that, through recommendations from other LOLC Cambodia clients, she became interested in learning more about loan products. Her initial interaction with LOLC staff, marked by their friendliness and professionalism, left a positive impression and deepened her understanding of the services offered.
Drawing from her experience with previous loans, Mrs. Soleaphea expressed her gratitude to LOLC Cambodia for their role in her business success.
Shared her success story in utilizing a loan for its intended purpose and managing it effectively
As she prepared items for sale, Mrs. Yon Vanki, smiling with satisfaction, shared her success story in utilizing a loan for its intended purpose and managing it effectively. With the support of a loan from LOLC Cambodia, she was able to expand her business to include the sale of vegetables, fish, and meat, in addition to her existing grocery and skincare operations, which led to a significant increase in her income.
Mrs. Vanki, a 28-year-old skilled business woman from Stueng Touch Village, Kak Commune, Ponhea Kraek District, Tboung Khmum province, utilized additional capital from LOLC Cambodia to further expand her sales potential and better serve the needs of her community. Impressed by the quality of products and prompt service from LOLC Cambodia, she also secured an additional loan to purchase farmland.
Mrs. Vanki expressed that the loan from LOLC Cambodia has significantly improved her family’s quality of life, enabling her to run a successful new business and increase the family’s income, all while fostering strong relationships within the community.
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