A loan of $1,625 helped to buy supplies to increase the capacity of his business.


Darwin Felix's story

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.

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Translated from Spanish by Kiva volunteer Jacob Bintliff



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