In order to pursue his dream of expanding his business to be more prosperous, Brother Wong Bunthat chose to use a loan with LOLC to be a partner in investing in the business.
Meet Mr. Vong Bunthat, a dedicated farmer cultivating cashew, potato, and mushrooms in Ou Tevda Village, Kampong Damrei Commune, Chhloung District, Kratie Province, is determined to elevate his business to greater prosperity.
Despite facing financial constraints, a turning point emerged when Bunthat was introduced to LOLC Cambodia by his friend. Then Bunthat made the decision to seek a loan from LOLC Cambodia as his first step towards expanding his agriculture. This marked the commencement of an inspiring journey towards growth and success.
Bunthat and his wife utilized the initial loan to purchase farmland and expand their mushroom farm. The infusion of capital quickly led to a flourishing business, attracting a growing customer base. Encouraged by the success of their business growth, Bunthat approached LOLC Cambodia for additional financial support to further expand his enterprise. Securing two more loans, he was able to scale up his plantation and improve the quality of his crops.
Bunthat attributes a significant portion of his success to the unwavering support provided by LOLC Cambodia. He expresses profound gratitude for the financial assistance, which was accompanied by reasonable interest rates and convenient terms and conditions. Additionally, LOLC Cambodia equipped him with invaluable financial awareness on the appropriate use of loans and cautioning against resorting to informal lending sources or misusing borrowed funds. This financial education awareness has played a pivotal role in sustaining and expanding his business ventures while also contributing to enhancing his family’s overall financial security.
Mrs. Lap Chenda, a construction materials seller
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.
Mrs. Pha Dyna is thriving as she sells her grocery products and duck eggs, reflecting on her remarkable journey of growth
In the northeast of Cambodia, within the Banlung district of Ratanakiri Province, Mrs. Pha Dyna is thriving as she sells her grocery products and duck eggs, reflecting on her remarkable journey of growth. Before obtaining financial support from LOLC Cambodia, she faced significant challenges in expanding her business and renovating her home.
In 2022, Mrs. Pha Dyna received her initial loan from LOLC Cambodia, providing the capital needed to expand her business. Motivated by the positive impact of this first loan, she secured a second loan. This enabled her to purchase additional stock of duck eggs for her broker and to invest further in her grocery business.
As a result, her daily income increased remarkably. Recognizing the success of these endeavors, Mrs. Pha Dyna continued to apply for and receive additional loans, successfully completing four consecutive loan cycles to use as working capital.
The financial support from LOLC Cambodia has been instrumental in transforming Dyna's life and business, helping her achieve her dreams. Today, she enjoys a thriving business, has renovated her home, and even purchased a motorbike for transportation and convenience. Mrs. Pha Dyna firmly believes that the support from LOLC Cambodia has significantly improved her family's circumstances and prospects.
#LOLCCambodia #clientsuccessstory
Mrs. Phok Thyda a shoe seller in Phsar Leu
Mrs. Phok Thyda took opportunities by selecting LOLC Cambodia to support her business growth. Seeing the opportunity to increase income and the need for additional capital to expand the business, Thyda, a shoe seller in Phsar Leu, located in Thommeak Yutt Village, Sangkat B’er, Kampong Chhnang City, Kampong Chhnang Province, decided to apply for loans from LOLC Cambodia in two cycles for business expansion, with first loan was used to purchase a new stall in the market and the second loan to purchase additional shoes for sale.
The LOLC Cambodia’s loans have pushed Thyda's business better growth. Because of having enough shoes to sell to customers, her sales increased, and she was able to earn more money from day to day, enabling her to renovate her house, and expand her land. At the same time, Thyda also thanked LOLC Cambodia for providing her with a capital loan to expand her business and enable her to earn more income as well as share financial knowledge on how to manage cash flow effectively.
Mrs. Ven Si is electronic material and beverage seller
Mrs. Ven Si In addition to providing fast service, LOLC Cambodia also shares useful financial knowledge. Mrs. Ven Si is a client of LOLC Cambodia who has started using the loans from 2019 to the present with four loan cycles. By using the loans for the right purpose with effectiveness, she could improve her life and family significantly. Owning a business as an electronic material and beverage seller in Pahi Tbong Village, Pailin Commune, Pailin District, Pailin Province. Ven Si said "My life was not so difficult, but I want to expand my business, so I thought, keep waiting for enough capital from savings will takes that long and as having stable income from current business, I decided to seek for a loan from formal lender to help me achieve my goals. As a result, I choose LOLC Cambodia because through the information obtained, LOLC Cambodia is qualified to provide financial solutions.
Beside business expansion, I also used LOLC Cambodia’s loan for renovating the bathroom, and buying a motorbike for using in the family.” She added, LOLC Cambodia’s loans are very helpful, which made her achieve the goal of expanding the business remarkably, having a better life, comfortable bathroom, and a motorbike for their family transportation as well.
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