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Darwin Felix
Darwin is a young man of 21 who had the opportunity to get through elementary school and lives with his father, Segundo, who is a 57-year-old brick mason. They live in the Boliche neighborhood of the city of Latacunga, capital of the Cotopaxi province, which is part of the Andes region of Ecuador. Cotopaxi has developed to such a remarkable extent in recent years that it has become known as one of the most important provinces of the whole region thanks to its floral, mining, metalworking, agricultural, and cattle industries. What's more, there are many businesses investing their growing profits back into this commercial city and offering many opportunities to get ahead. Latacunga is a charming city that attracts tourists with its narrow colonial streets and architecturally interesting churches that preserve their facades of years past.

Darwin makes cement blocks that are used as bricks for constructing houses. He learned this trade very young, led by his older brothers. Now, Darwin has been in this trade for 3 years, spending 8 hours every day without help. This line of business is very active in the city and the province generally, so the competition is increasingly strong. Nonetheless, Darwin has decided to increase his capacity so he can earn a higher income. That's how he came to learn about financial institutions that help young entrepreneurs and requested a loan from the Fundación Alternativa [Kiva field partner], which, in addition to providing financial support, also offers advice on how to improve his business. Darwin hopes that his business will come to be known as one of the big cinderblock suppliers so he can realize his dream of having his own home.
View original language description ↓
Darwin es un joven de 21 años, tuvo la oportunidad de terminar la escuela primaria, vive con su padre Segundo, quien es albañil y tiene 57 años. Viven en el Barrio Boliche de la ciudad de Latacunga capital de la provincia de Cotopaxi, una de las provincias que forma parte de la Región Sierra del Ecuador y que los últimos años se ha desarrollado notablemente de tal forma que es considerada una de las más importantes de la región gracias a la industria florícola, minera, metalúrgica, agroindustria, agrícola y ganadera. Además existen establecimientos de negocios que generan interesantes ingresos lo que le convierte en una ciudad comercial y con varias oportunidades para salir adelante. Latacunga es una acogedora ciudad que atrae a sus turistas por sus estrechas calles decoradas con coloniales calles e iglesias arquitectónicas que conservan la típica fachada de años atrás.
Darwin fabrica bloques de cemento que sirven como ladrillos para la construcción de viviendas, aprendió esta actividad desde muy niño guiado por sus hermanos mayores, ahora ya son 3 años en los cuales Darwin se ha dedicado a trabajar en este negocio en el cual invierte 8 horas cada día sin recibir ayuda. Esta actividad es muy promovida en la ciudad y en la provincia en general por lo que la competencia cada vez es más fuerte, sin embargo Darwin ha decidido incrementar su producción para mejorar sus ingresos, para lo cual se informó sobre instituciones que apoyen a jóvenes emprendedores y solicitó un préstamo en Fundación Alternativa, en donde aparte de brindarle la ayuda económica, le asesoran para que su negocio salga adelante. Darwin espera que su negocio sea conocido por los grandes compradores de bloques y así él pueda cumplir su sueño de tener su casa propia.

Additional Information

About Fundación Alternativa

Fundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.

About Ecuador

  • $10,200
    Average annual income
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,625 helped Darwin Felix to buy supplies to increase the capacity of his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 19, 2013