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Eid
Eid, 56 years old, lives with his wife in the Aliaa neighborhood. Eid has been working in fishing since 1990. After 20 years of experience working on the sea has become an integrA. part of his life; fishing is his favourite and only hobby. Eid has requested a first-time loan to buy new equipment for his work, such as fishnets and other tools. Eid is an active wholesale fishmonger and his clients are retail fishmongers. He occasionally sells retail to his neighbours and relatives. One of the key problems that he faced during his business startup was a lack of experience. Although business was hard at first, he later started to excel. His love for fishing and, more specifically, for the sea were among the main reasons for developing his business. Eid seeks to develop his business and to buy bigger fishing boats in the near future.
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يعيش عيد البالغ من العمر 56 عاماً مع زوجته في منطقة عاليه. يعمل عيد في صيد السمك منذ 1990، عشرون عاماً في هذا المجال جعلت من عيد إبن البحر، بحيث انه لا يقوى على التوقف عن صيد السمك التي تعتبر هوايته المفضلة والوحيدة. عمد عيد ولأول مرة إلى طلب قرض من المجموعة لشراء عدة جديدة لمصلحته، مثال شباك صيد ولوازمهم... زبائنه بائعي السمك بالمفرق فهو ناشط في البيع بالجملة، كما أنه في بعض الأحيان يبيع لجيرانه و أقاربة بالمفرق. من أهم المشاكل التي واجهته خلال تأسيس عمله عدم خبرة في هذا المجال، مما جعلها صعبة في البداية إلى ان اتقنها جيداً. حبه لصيد السمك، وللبحر تحديداً كانا من الأسباب الاساسية في تطور عمله. يسعى عيد إلى تطور مصلحته، و إلى شراء سفن أكبر في المستقبل القريب.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Eid to buy the necessary tools for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2010
Listed
Sep 21, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012