Mrs. Chham Sokhim, a former factory worker, has become a scrap business owner
Mrs. Chham Sokhim and her husband are scrap businesses owners in Thlok village, Trapeang Krasaing commune, Bati district, Takeo province.
Mrs. Chham Sokhim, a former factory worker and her husband, a construction worker who could earn around two hundred dollars only, now they are business owners who can earn a thousand of dollars a month. They said that LOLC Cambodia’s loan has supported the expansion of her scarp business by purchasing a scrap truck, which has made the business run smoother. In addition, she also used the other three loans to renovate houses, buy a tractor, a motorbike, and farmland.
She said that the LOLC Cambodia’s loans have improved her business which made her livelihood better and could save more money to buy more household items and farmland as well. The LOLC Cambodia’s loans really benefit for her and has increased her living conditions.
Ms. Leng Chann Thon With the contribution of LOLC Cambodia made my business successful as it is today
Getting to know LOLC Cambodia in 2018 through her sister’s introduction, Ms. Leng Chann Thon has become an LOLC Cambodia’s client up to the present.
Ms. Leng Chann Thon is a construction materials seller in Ta Neang village, Kraing Ampil commune, Samrong Tong district, Kampong Speu province. The growth of her business is a significant contribution by the LOLC Cambodia’s loans, which she has already used up to four cycles to expand her business by using those loans to purchase more goods/materials, so that she has many kinds of goods to sell to her customers. Currently, even though her business is growing bigger, she keeps enhancing it to have more potential for a long-term future.
She said, “currently, I have many options to choose a financial partner, but based on the actual experience of using LOLC Cambodia’s services previously, I still believe that LOLC Cambodia is the best financial partner that can support my business journey to reach as today and for the future."
Mrs. Men Leang, from a mobile fish seller on a motorcycle became a three businesses owner at the same time after receiving capital support
As a mobile fish seller on a motorbike, Mrs. Men Leang earned a low income from this business, which made her family unable to afford some necessities. Knowing herself well and understanding the value of hard work as well as clarity in planning for a career made her work diligently to improve her ability to increase her income.
Mrs. Men Leang is one of many clients who has been successful in business through using LOLC Cambodia’s loans. Currently, she runs three businesses at the same time with support from her family members including owning a duck farm, selling drinks, and running a motorcycle repair shop.
She said that after receiving loans from LOLC Cambodia, her businesses have grown significantly and through using loan in the right target has helped her earns more and increase wealth, such as be able to purchase more farmlands and build a more spacious house. With good experience with LOLC Cambodia’s loan, she also intends to apply for additional loans to expand the business for her children in the future.
“LOLC Cambodia is the first financial service option for me because beside providing capital to support my business, I can also understand the financial knowledge that I have never received before" she added.
Mrs. Hel Davy owner of roasted beef restaurant
Beside capital support, LOLC Cambodia also provides an easy payment method for my business (LOLC KHQR).
An owner of roasted beef restaurant in Bak Ro Nors village, Sangkor commune, Svay Rieng district, Svay Rieng province, Mrs. Hel Davy business is currently in progressing after using LOLC Cambodia loans to develop and expand by creating new stalls and improved existing stalls to be more spacious and comfortable to attract customers with an easy payment method and free of charge of LOLC KHQR.
She said that she has been selling roasted beef for about ten years, and the main difference in this business before and after she decided to use the LOL Cambodia loans is the revenue has almost doubled after her restaurant was renovated and the new stalls were built to get more customers. She added that to be successful in business, requires many factors, including taste, hygiene, good atmosphere, guests welcoming with friendly faces, the reasonable price, and especially sufficient capital to prepare the restaurant to be qualified and able to serve many customers.
This business has helped my family living condition better today, and through these successes I will examine the possibility of expanding more branches to response the customer needs, and I intends to apply for another loan to support additional branch expansion. "Mrs. Hel Davy added."
Mr. Soeun Kosal
Understanding market needs is important for leading to business growth.
Mr. Soeun Kosal is a tour guide in Siem Reap province. To facilitate his tour guiding and make the tourists more convenient, Mr. Soeun Kosal purchased a three-wheeler by using LOLC (Cambodia)’s loan in 2018 after getting to know LOLC (Cambodia) through LOLC Cambodia Facebook page.
Besides being a tour guide, he is also a car seller. To strengthen and expand this business to be stronger and more potential, he continued to use the LOLC (Cambodia)’s loans for two more cycles to buy more cars for sale. Understanding market demand and smart decisions in using loans have made his business grow as his expectation. Mr. Soeun Kosal enjoys using LOLC (Cambodia)’s loans, which make his businesses grow and improve living standard of his family.
“I am happy using LOLC (Cambodia)’s loan because its interest rate is reasonable for me which can be used to expand my business progressively.” Mr. Soeun Kosal said.
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