Nathaniel started a construction company called Handy Manz, LLC in July 2010, which has several projects throughout the city of New Orleans. Nathaniel’s interest in construction work was sparked many years ago when he worked with his father, a construction worker, on various projects.
Nathaniel’s determination to succeed and his strength to endure hardships is what makes him a successful business owner. This determination and strength were tested during Hurricane Katrina when Nathaniel and his mother did not evacuate in time and had to be rescued from their home by a stranger in a swamp boat. Although this experience may have been mentally devastating to most, Nathaniel saw the aftermath of Katrina as an extraordinary opportunity to start his own construction business; thus he started Handy Manz. After returning to the city, Nathaniel noticed the demand for construction companies and wanted to personally aid in the rebuilding efforts by utilizing the talents and skills passed down to him by his father.
With this Kiva loan, Nathaniel will purchase supplies for an upcoming subcontractor project for the Goodwork Network.
About ASI Federal Credit Union
ASI Federal Credit Union has been experiencing an increased rate of defaults. This is possibly related to the experimental nature of the loan products the organization provides. In order to serve asset-poor communities in New Orleans -- including many still recovering from Hurricane Katrina and the BP Oil Spill -- ASI offers loan products designed to help people start and grow businesses even if they don't have extensive collateral, credit histories, or business experience. For these reasons, these loans also carry a higher level of risk than typical loans on Kiva.