Nathan is an adult male. He is married to Mary, with whom he has five children. All of them are in school. Nathan also lives with his 90-year-old father and takes care of his father's medical bills because of his advanced age. Nathan works on his sugarcane plantation for at least eight hours a day for six days each week. He rears pigs and goats to supplement his income. Nathan will use these means to earn the money to pay back the loan which he is acquiring to buy building materials to complete his residential house in the countryside. He is excited that he and his children will finally have a decent house to live in. The house they are living in now is quite small, and they have to share it with his father which has been quite a challenge. Nathan is hard-working. He devotes his time to several economic activities so he is sure that he will do a fine job paying back the loan.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.