(Phnom Penh): Located in the northeastern highlands of Cambodia, most families in Kratie Province rely on agriculture as their primary source of income. Rubber and cashew trees are among the most common crops, well adapted to the region’s fertile soil and favorable climate. Within this farming community, Yong Savrong, a respected farmer from Snuol District, has become a model of success and inspiration, thanks to his commitment, hard work, and the effective use of financial services from LOLC (Cambodia).

In the beginning, Savrong was just an ordinary farmer, cultivating rubber on a small plot of land like many others. However, driven by hard work and a desire to build a better future, he began studying the market and the potential of rubber farming. He later decided to expand his plantation to increase both yield and household income.

In 2020, he applied for a loan of 4,000,000 Riel from LOLC (Cambodia) to purchase fertilizer to improve the growth of his rubber trees. Later, in 2021 and 2023, he applied for additional loans to purchase more land for expanding his rubber plantation, as well as land for growing cashew trees. A portion of the loan was also used to buy rubber and cashew seedlings for planting in his fields.

With years of dedication, careful planning, and access to reliable financial support, Savrong has significantly increased his production. He now owns 5 hectares of rubber plantation and 2 hectares of cashew plantation; an impressive achievement compared to his earlier situation before using LOLC (Cambodia) loans.

Reflecting on his journey, Savrong shared, “A loan does not make our lives difficult. Instead, it is a form of financial support that helps improve our family’s livelihood, if we use it correctly and for the right purpose, with a clear business plan, proper utilization, and discipline in financial management”.

His story highlights how responsible borrowing, combined with proper business planning, can transform livelihoods and strengthen rural communities. Yong Savrong’s success serves as a powerful example of how LOLC (Cambodia)’s financial services continue to support farmers across the country, helping them grow sustainably, improve their income, and build better futures for their families.
=FRESH NEWS