How will he make good the loss?

Nothing will make up for his past mistakes.

Who will compensate for the loss?

The damage was covered by insurance.

It may not appeal to some, but I prefer to remain a salaried man; I don't have to worry so much about making both ends meet.

I will compensate you for your loss.

I will make up for the damage I did to your car.

He committed suicide to atone for his sin.