Help us spread the word!

It is easy to forget that there are real people... individuals, families, children, and parents who are positively impacted by the simple choice to invest your money in positive progress. These are personal stories of the impact Deetken Impact is making on people in Mexico.

On my most recent visit to Pro Mujer Mexico I had the opportunity to meet with three inspiring entrepreneurs and learn up-close how our investments impact real lives.  Pro Mujer is an outstanding microfinance organisation with operations across 5 Central and South American countries and Deetken Impact provides them access to capital to lend to their clients and support their operations in health and education services.

A Naturopathic Practice With Indigenous Roots

My first visit took place in Tezontepec, a small town about 2.5 hours east of Pachuca, home of Pro Mujer’s head office. The road narrows from freeway to rural highways through agricultural lands and eventually the narrow streets of the town centre on a hillside. We pick up Lenin, the head of the office, who also happens to be the loan officer for Marta. You can see that they know each other well, and it isn’t surprising given that Marta has been a client for 10 years and 29 loan cycles.

Marta is an example of the success of Pro Mujer’s programmes. She has gone from selling tortillas to owning a successful business which includes nutrition and spa treatments inspired by their indigenous community.

Marta became interested in these therapies from her husband who practices in the same field.  Their house was too small to use as a full-time practice. Funding from Pro Mujer has not only allowed her to buy the land and construct a building but also for her and her daughter to earn diplomas in naturopathic medicine.  She is a specialist in medicines and her daughter in massage. Loans then allowed her to expand her services and broaden the range of products that she offers. This includes a greenhouse for medicinal plants and a special sweat lodge used in combination with other therapies.

Deetken Impact funds women entrepreneurship in Latin and South America

Marta, her family, and her business

As her business includes the use of traditional plants and techniques I am hopeful that it can help in the preservation of the region’s indigenous knowledge. What’s next for Marta? We’ll soon see as she has a  proactive personality, continuously looking to expand her knowledge and business.

The Neighbourhood Home Cooking Canteen

We have returned to Pachuca, an industrial city two hours east of Mexico City, and we visit Pro Mujer entrepreneur Maria de los Angeles in a sprawling part of the city outside the historic centre.  Here Maria has created Cocina Economica which means “Affordable Kitchen”. It provides popular Mexican food at low cost, yet it still includes table service so workers from the neighborhood and the school across the road can rest their legs.

Maria had no experience managing a restaurant or a kitchen but the opportunity to rent a spot across from the busy school was too good to pass up. She opened it originally as a breakfast spot and teachers would come every day.  The teachers were followed by school staff and then more people from the area. Her loans have helped her set up her business, have cash to pay the rent up front, and slowly add tables and chairs.

Maria has been a PM client for 3 years and 6 months and her Pro Mujer loan officer, Fabiola, has been there along her side during her journey. Before Pro Mujer, Maria took care of children and the house she lives in.  She was also selling goods via catalogue, which is a common starting point for many women in Pachuca. Maria’s loan group is now at 16 members and they are on their 12th loan cycle.  Maria finds everyone in the group to be very responsible and also very supportive of each other.

Maria, her friend Ibis, and Pro Mujer loan officer, Fabiola

These days, Cocina Economica gets quite busy and sometimes her friend Ibis, her son and daughter all help out. Despite the success, Maria is ambitious: she has heard that another similar sized restaurant is available and she may be soon taking on both businesses.

A Boost To The Little Corner Store

Back on the road and 475 winding and beautiful kilometers to the south we arrive in Oaxaca, an area recently affected by two powerful earthquakes. Oaxaca is among the most culturally rich locations in Mexico, its cobblestone streets and colourful colonial buildings are striking to an outsider like me. Despite its beauty, Oaxaca has significant poverty. Here I meet Maria-Elena and her daughters.

The bold Maria-Elena and daughters Ibis and Geysi in their “bodega”

Maria –Elena has been a client for 1.5 years and is into her 5th loan cycle. Before opening her store, she was a street vendor and then worked in a cookie bakery. Her daughters Ibis and Geysi, one of whom has now graduated university, previously sold these cookies from the same factory, going store-to-store.  Her store has grown from a fruit and vegetable kiosk to offering personal care products, meat, cheese and milk.  Loans have helped her to sell these higher value products and build out the store with shelving, counters and appliances.

Her daughters, Geysi and Ibis proudly tell me their mother is in the “leading lending group” in the city. I’m thinking this healthy competition drives even more excellence from Pro Mujer clients. They are all a force: bright, charismatic and full of confidence. As I leave, I thank them for their warm hospitality and they boldly tell me that they will come visit me at my home in Canada.  I, of course, gladly extend the invitation to my new associates.


Help us spread the word!

It is EASY to get started making an impact!

Simply send us your contact information and one of our investment specialists will contact you to personally walk you through the investment process. 

We will be in contact shortly

Magali Lamyin, Director of Communications and Development for Deetken Impact

MAGALI LAMYIN

Director of Communications and Development

 

Magali brings extensive market intelligence, business development and marketing experience from her work at the Central Bank of Mexico, the Canadian Institute for Market Intelligence, and the IESE-PWC e-Business Centre in Barcelona. She also co-led national marketing campaigns for businesses in the hospitality and early childhood education sectors for almost a decade before joining Deetken. In her current role, she is responsible for leading Deetken Impact’s communications, marketing and branding strategy. She is also involved in the due diligence process for project selection with an emphasis in Mexico.

Magali holds a BA in Economics from Mexico's ITAM and a Master's degree in Economics from the University of British Columbia.

You have Successfully Subscribed!

Jose Lamyin, Managing Partner Deetken Impact

JOSE LAMYIN

Managing Partner

 

José has extensive experience as a business advisor for clients throughout Canada, Europe and Latin America in mining, telecommunications, and finance. Prior to co-founding The Deetken Group, José worked for Teck Cominco in Peru and Canada and Deutsche Bank in London (UK). José has spearheaded much of the strategic growth of Deetken Asset Management since inception and is currently focused on investment selection.

José received his BS in Engineering from the University of British Columbia and MBA from IESE School of Business (Barcelona). Born in Peru, José is fluent in English and Spanish.

You have Successfully Subscribed!

Alexa Blain, Managing Partner Deetken Impact

ALEXA BLAIN

Managing Partner

 

Alexa is responsible for finance, operations and investor relations at Deetken Impact. She brings over 10 years of experience in financial consulting and asset management, with specific expertise in company and investment analysis, business valuation and securities/corporate finance. Prior to joining Deetken, she spent three years with African Alliance, a pan-African financial services group, where she focused on expanding the firm’s retail financial services operations as well as on the origination and negotiation of new capital. In addition, Alexa has six years of asset management experience with the Canada Pension Plan Investment Board, the Macquarie Group and the Ontario Teachers’ Pension Plan.

Alexa is a CFA Charterholder. She has also completed an MA in Financial Economics and an Honours BA in Economics, both at the University of Toronto.

You have Successfully Subscribed!

Fernando Alvarado, Head of Deetken Impact Sustainable Energy

FERNANDO ALVARADO

CEO

Honduras Renewable Energy Managers (HREM) and Caribbean Renewable Energy Managers (CAREM)

 

Fernando Alvarado leads the General Partner and Investment Advisor of two clean energy and energy efficiency project finance and venture capital funds: Honduras Renewable Energy Financing Facility (H-REFF) and Caribbean Basin Sustainable Energy Fund (CABEF), which he structured and runs with a combined target capitalization of $100m.

Development Investment Banker with 28 years of international credit and investment experience and 18 years of direct experience assessing diversified renewable energy portfolios in Latin America & the Caribbean. He has participated in more than 50 syndicated credit and investment transactions for renewable energy projects in excess of $250 MM. He led the creation, structuring, fundraising, legal closing and portfolio construction of several specialized renewable energy funds.

Costa Rican, based in San Jose, Mr. Alvarado has an MBA in Banking and Finance cum laude from Universidad de Costa Rica.

You have Successfully Subscribed!

Carl Black, Portfolio Manager Deetken Impact

CARL BLACK

Portfolio Manager

 

Carl is a Portfolio Manager with Deetken Impact focused on analyzing and working with MSMEs, social enterprises, and renewable energy developers in Latin America and the Caribbean. His main responsibilities include supporting business development, managing technical assistance projects, leading investment due diligence, and monitoring portfolio performance. Prior to joining Deetken Impact, Carl worked for five years as a consultant, advising public sector clients an non profits in Canada and financial services companies in Latin America. He started his career at the Bank of Canada, where he researched issues related to household and business credit. 

Carl completed an Honours BA in Economics at the University of British Columbia. He also holds an MSc in Economics & Development from the University of Oxford, where he earned distinctions in quantitative and development economics.

You have Successfully Subscribed!

Cristobal Aguirre, Investment Analyst at Deetken Impact

CRISTOBAL AGUIRRE

Investment Analyst

 

Cristobal has over 6 years of experience in the asset management industry, where his responsibilities have ranged from asset allocation and portfolio management to risk analysis and software development. Before relocating to Canada, Cristobal worked as a senior investment analyst in AFP Habitat—Chile’s largest pension fund—where he led the tactical asset allocation and macroeconomic research for emerging markets.

Cristobal is a CFA Charterholder, and completed a BA in Economics at Universidad de Chile.

You have Successfully Subscribed!

Chad Parsons, Senior Investment Analyst at Deetken Impact

CHAD PARSONS

SeniorInvestmentAnalyst

 

Chad has worked as a consultant in business and technology for 20 years – often helping clients with their business transformation initiatives.    He has worked with start-ups, government, and established businesses to further their product and service offerings with a balanced approach.   After pursuing a research degree on leveraging technology for social and economic development; Chad has found a valuable alignment of his background with Deetken’s innovative impact investments. 

Chad completed a BS in Engineering from the University of British Columbia and has a MSc with distinction from the University of Manchester (UK).

You have Successfully Subscribed!

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from the Deetken Impact team.

You have Successfully Subscribed!