Peter Benson


Status: Refunded

$1,000.00   Loan Request

About the Entrepreneur

Name: Peter Benson
Location: Mbale, Uganda
Activity: Dental

About the Loan

Loan Amount: $1,000.00
Loan Use: To improve on business
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 7, 2006
Date Disbursed: Nov 22, 2006
Date Funded:Nov 8, 2006
Refund Date:Aug 22, 2007

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:United States Dollars (USD)



Peter and Benson are young men who just finished with their medical studies in one of the recognized institutions.



After their training they decided to open up a medical clinic, this however, happened due to lack of jobs and hence they had to decided not to sit down and be idle, but had to see to it they opened up a medical clinic and employed themselves.





Both are married. Peter has 4 children and caring for 2. Benson has 4 children and caring for 1.



They contributed a capital of $150 to start their business and the work has been progressing though they are having challenges of less stock at times.



They wish to improve on their stock by purchasing more medicines and these will be of great investment to them to have enough and variety of medicines that will make them meet the demand of the patients.



Peter and Benson are requesting for a loan of $1000 to enable them improve on their stock and hence meet the demand of the clients around the community.



Any assistance rendered to these visionary men who never lost hope after failing to get jobs, but decided to open up a business of their profession will be of great help.


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Journal entries for Peter Benson


Loan has been disbursed
 
Entrepreneur: Peter Benson
Location: Mbale, Uganda

Thank you for your loan. It has been disbursed to Peter Benson by Women Initiative to Eradicate Poverty in Uganda. We are excited to watch this business grow. Over the next 9 - 14 months, Women Initiative to Eradicate Poverty will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mbale, Uganda
Dec 7, 2006
Comments (2)

Journal
 
Entrepreneur: Peter Benson
Location: Mbale, Uganda

Peter and Benson are doing so well now.

The loan money has indeed helped them to improve on the standard of their drug shop/ clinic.

The stock at the clinic has indeed doubled and this is out of the loan they received.

They are so grateful to all they lenders for all they have done for them. So far so good and already realising changes that are good.

God bless you all.

Janet.


Posted by Janet Alupot from Mbale, Uganda
Jan 1, 2007
Comment on this entry

Journal
 
Entrepreneur: Peter Benson
Location: Mbale, Uganda

Peter and Benson are doing so well now.

The loan money has indeed helped them to improve on the standard of their drug shop/ clinic.

The stock at the clinic has indeed doubled and this is out of the loan they received.

They are so grateful to all they lenders for all they have done for them. So far so good and already realising changes that are good.

God bless you all.

Janet.


Posted by Janet Alupot from Mbale, Uganda
Jan 1, 2007
Comments (4)

Loan Refunded
 
Entrepreneur: Peter Benson
Location: Mbale, Uganda

This loan has been refunded for the following reason:

As you may be aware, each business on Kiva's website is posted by one of Kiva's 60+ Field Partners in 39 developing countries. A Field Partner is an independent microfinance institution that has a history of lending to the poor for a social purpose. They screen each entrepreneur, post his/her profile on the Kiva website, and administer your loan.

Kiva routinely audits each Field Partner to ensure your loan is being dutifully administered to the entrepreneur you've selected. In the course of auditing our Field Partner, Women's Initiative to Eradicate Poverty (WITEP) in Uganda, Kiva discovered that some entrepreneurs were not receiving the full amount of their loans.

This violates Kiva's policies and we have terminated our relationship with WITEP. All of the loans made to entrepreneurs served by this Field Partner have been refunded. We hope you realize that our audit uncovered a true exception to the norm; the vast majority of our Field Partners administer your loans with the highest integrity. Kiva will continue to audit Field Partners to ensure your loan is being dutifully administered and to make our website a model for transparency in international development.

To help inform your choice of Field Partner as well as entrepreneur, we have launched a new feature on the site which helps you evaluate the Field Partner's performance in your lending decision. See www.kiva.org/about/partners/ for details.

We hope that you give lending to the working poor another chance by re-lending your Kiva Credit to a new entrepreneur on our site.


Posted by Kiva Staff from Mbale, Uganda
Aug 22, 2007
Comment on this entry

Kiva Help Repayment Schedule for Peter Benson

  Expected Repayments Actual Repayments Comments
February 2007 $111.11 $0.00 Repayment Received
March 2007 $111.11 $30.00 Repayment Received
April 2007 $111.11 $0.00 Repayment Received
May 2007 $111.11 $0.00 Repayment Received
June 2007 $111.11 $0.00 Repayment Received
July 2007 $111.11 $0.00 Repayment Received
August 2007 $111.11 $0.00 Repayment Received
September 2007 $111.11 $0.00 Repayment Received
October 2007 $111.12 $0.00 Repayment Received