(Phnom Penh): Ri Rath, a farmer from Pech Chreada District, Mondulkiri Province, grows cassava and cashew trees. He is a man of strong determination and clear goals, devoted to developing his agricultural livelihood and expanding his farming operations. Today, his farm is flourishing and producing excellent results.

Walking through his thriving cassava fields, Rath shared the journey behind his success, a journey filled with challenges, resilience, and smart financial decisions. He explained that Cassava farming requires significant capital, especially for hiring workers and renting tractors for land preparation. Limited financial resources initially constrained his operations, motivating him to look for a reliable financial partner who could help him grow his business sustainably.

That’s when Rath chose LOLC Cambodia Plc. as his trusted financial institution. In 2018, he obtained his first loan of 10,000,000 riels from LOLC, which he used to hire workers and rent tractors to support his cassava cultivation. Recognizing the positive impact of this financial support, he continued to access additional loans in the following years to further expand and strengthen his cassava and cashew plantations.

The results have been outstanding. With sufficient capital to support his farming process, Mr. Rath’s harvest yields have consistently improved year after year, leading to higher productivity and income.

With a long-term vision for self-reliance, Rath made another smart move by using his fourth loan from LOLC Cambodia, combined with his existing incomes, to purchase his own tractor. This investment allowed him to cut down on rental costs, improve efficiency in land preparation, and further enhance his farm’s output.

Thanks to his dedication, and reliable financial support from LOLC Cambodia, Rath has built a thriving agricultural business that not only sustains his family but also serves as a motivating example for other farmers in Mondulkiri and beyond. His journey embodies the spirit of hard work and financial empowerment that LOLC Cambodia continues to promote across rural communities nationwide.
=FRESH NEWS