Angustine Omagor

Status: Refunded

$900.00		Loan Request

About the Entrepreneur

Name:	Angustine Omagor
Location:	Bukedea District, Uganda
Activity:	Cattle

About the Loan

Loan Amount:	$900.00
Loan Use:	TO increase capital
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Oct 29, 2006
Date Disbursed:	Nov 17, 2006
Date Funded:	Nov 3, 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)

Omagor Angustine is a 55 year old man and married.
He has 30 children, 21 are his personally and 9 dependants that he cares for and supports as his own. Angustine started this business of livestock in 1980 and this has been of help to him in educating his children, though not all have gained due to the large number.

He started with a capital of $250 and currently has a capital of $750. This business is so profitable, but because he cares for so many children, this has caused detoriation in his capital most times. And it is difficult to hold on to any profit for long.

He also has a problem of transport mostly because this business requires them to move to places where cattle is sold cheaply, such as Karamoja in the Moroto district (North Eastern Uganda), so as to realize profits.

This always takes them 1-2 days to reach, then after purchasing, they have to load their cattle into a lorry and have to share the space in the same lorry with the livestock for transport back.
On arrival they take their cattle to sell in some markets in nearby villages.

Early this year, Omagor applied for a loan from WITEP which he has successfully finished to pay back. He therefore requests a second loan of $900 to enable him to increase his capital & continue to support his many children.

Lenders to this entrepreneur

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Nathan
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Jeff & Chris
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Tom
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Matt Roberts
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Anonymous
Charlton, MA
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Alexander
Las Vegas, NV
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Laura
Los Angeles, CA
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Marilyn & Vance
Indio, CA
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Maggie
Easton, PA
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Eric
Austin, TX
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Tommy
Lancaster, NY
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Cameron and Laura
Washington, DC
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Gem
Highland Park, IL
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Judy
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Dennis & Janet
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Dayton
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Journal entries for Angustine Omagor

Loan money received. Entrepreneur: Angustine Omagor Location: Bukedea District, Uganda Angustine Omagor received loan money worth $900 raised from Kiva to WITEP. He was very happy to receive the loan money. He has already put money into the business. Thank you very much for supporting him.
Posted by Janet Alupot from Bukedea District, Uganda Nov 14, 2006
Comment on this entry

Loan Refunded Entrepreneur: Angustine Omagor Location: Bukedea District, 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 Bukedea District, Uganda Aug 22, 2007
Comment on this entry

Repayment Schedule for Angustine Omagor

Show Advanced

	Expected Repayments	Actual Repayments	Comments
February 2007	$100.00	$60.00	Repayment Received
March 2007	$100.00	$50.00	Repayment Received
April 2007	$100.00	$0.00	Repayment Received
May 2007	$100.00	$0.00	Repayment Received
June 2007	$100.00	$0.00	Repayment Received
July 2007	$100.00	$0.00	Repayment Received
August 2007	$100.00	$0.00	Repayment Received
September 2007	$100.00	$0.00	Repayment Received
October 2007	$100.00	$0.00	Repayment Received