Martin Opolot

Status: Refunded

$800.00		Loan Request

About the Entrepreneur

Name:	Martin Opolot
Location:	Mbale, Uganda
Activity:	Retail

About the Loan

Loan Amount:	$800.00
Loan Use:	To add more stock of carpentry furniture.
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Aug 18, 2006
Date Disbursed:	Sep 9, 2006
Date Funded:	Aug 26, 2006
Refund Date:	Aug 22, 2007

About the Field Partner

Field Partner:

Women's Initiative to Eradicate Poverty (WITEP)

Field Partner Risk Rating:

(Learn more)

Closed

42 months

306

$4,500

N/A - No Paying Back Loans

Default Rate:

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

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

This business is found in Uganda, under Women’s Initiative to Eradicate Poverty. Its mainly dealing with furniture and timber.

Opolot Martin Is a young man living with his brothers they are all orphans. He has operated his carpentry business for one year now.

He manufactures furniture like; beds, office chairs, office desks, benches, tables, stools, cardboards sideboards. He also sells timber to other customers on retail basis on a relatively high price.

He purchases his timber form a whole sale in small scale at a relatively low price and uses some for making his furniture and sells some.

He wants to improve on his workshop to purchase some tools and a machine with surfaces the timber and cutting on required sizes to make his work much easier and also other business men could come and get that service from his workshop.

He is requesting for a loan worth $ 800 to add on and purchase the requirements he wants.

If given that loan money, he will be capable to refund back within a stipulated period given.

Lenders to this entrepreneur

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Alfred
Lasberg, OOe
Austria

Ignacio
Barcelona, Barcelona
Spain

Anonymous
Provo, UT
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Heather
Santa Barbara, CA
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Trey Francisco
Palo Alto, CA
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Anonymous
Sassuolo, MO
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Chris
Seattle, WA
United States

Sonal
New York, NY
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Grant
Kingwood, TX
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Rickey
Harrisburg, IL
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Rico
Frederiksberg,
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Loughnane family
Victoria, British Columbia
Canada

Journal entries for Martin Opolot

Received loan money. Entrepreneur: Martin Opolot Location: Mbale, Uganda This busines received a loan money worth $800. He was grateful to receive the loan money. The loan has been put into business. more updates will be posted in the next Journal report. Janet.
Posted by Janet Alupot from Mbale, Uganda Sep 18, 2006
Comment on this entry

Journal Entrepreneur: Martin Opolot Location: Mbale, Uganda Martin has never stopped to say long live all good hearted people. From being a timber splitter to now a timber wholesaler, office furniture maker. The loan money that was given to him enabled him expand his business big. Now he is able to buy around 20 trees for timber every week. These increament has given him much profits and now life has change, business has grown, and everything good. Thanks to dear lenders for such a good heart. Thanks for the loans that have changed lives like for Martin. Janet
Posted by Janet Alupot from Mbale, Uganda Nov 27, 2006
Comment on this entry

Loan Refunded Entrepreneur: Martin Opolot 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
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Repayment Schedule for Martin Opolot

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	Expected Repayments	Actual Repayments	Comments
December 2006	$133.33	$50.00	Repayment Received
January 2007	$133.33	$50.00	Repayment Received
February 2007	$133.33	$40.00	Repayment Received
March 2007	$133.33	$60.00	Repayment Received
April 2007	$133.33	$0.00	Repayment Received
May 2007	$133.35	$0.00	Repayment Received