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Credit facility will help drive financial inclusion by expanding access to working capital loans.

PORT-AU-PRINCE, Haiti and WASHINGTON | May 3, 2018 — FINCA Impact Finance announced that Deetken Impact, an asset management firm based in Vancouver, Canada, will provide a USD 1 million loan to FINCA Haiti SA for on-lending to individual, micro, small- and medium-sized businesses (MSMEs). The three-year loan facility is the first of its kind extended by Deetken to a FINCA Impact Finance subsidiary. 

FINCA Haiti SA is a microfinance institution that currently serves more than 45,000 customers – 85% of whom are women – across its eight branches. In 2017, it distributed its first mobile loan via Moncash, a mobile banking system created with mobile operator Digicel now used by 13,000 FINCA Haiti clients. 

In 2017, FINCA Haiti SA entered into a CAD 7 million partnership with FINCA Canada and Global Affairs Canada to scale up financial inclusion efforts, targeting low-income Haitian women in particular, leading to improved living conditions, health and education. 

According to FINCA Haiti SA CEO Marie Marcelle Gerard Saint-Gilles: “With 72% of Haitians still unbanked, this new loan facility from Deetken will help our existing and future customers benefit from improved access to a wider array of products and services.”

Over the next five years, the funds will support FINCA Haiti SA to grow its network of branches and digital financial services and build its capacity to develop customer-centric and gender-sensitive financial products. Moreover, the funds will enable it to better serve farmers and agriculture businesses. The Deetken loan facility will provide FINCA Haiti SA with the capital needed to support its growth path.

“We are proud to partner with Finca Haiti SA and Global Affairs Canada for our first investment in Haiti,” said Alexa Blain, Chief Operating Officer at Deetken Impact. “This is an example of how public and private sector financing can together support the growth of impact businesses in emerging markets.”

FINCA Impact Finance is furthering its strategy of diversifying its funding base to promote financial inclusion and has attracted worldwide interest from the investment community. It has recently issued bond offerings in its subsidiaries in Pakistan, Nicaragua and Armenia and a subordinated loan facility in Malawi. Additionally, it reached a landmark loan agreement for its subsidiary in Jordan.

About Deetken Impact

Deetken Impact’s asset management team focuses on impact investments in the Americas with a deeper focus in Latin America. Through deep financial and strategic analysis, and strong local relationships in the countries it works in, Deetken is able to generate sustainable, long-term returns on investments. For more information, visit www.deetkenimpact.com or follow on Twitter @DeetkenImpact.

About FINCA Impact Finance

FINCA Impact Finance is a global network of 20 microfinance institutions and banks that provides socially-responsible financial services to enable low-income individuals and communities to invest in their futures. For more information, visit http://www.FINCAImpact.com or follow us on Twitter @FINCAImpact. 

SOURCE FINCA Impact Finance

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Magali Lamyin, Director of Communications and Development for Deetken Impact


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.

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Jose Lamyin, Managing Partner Deetken Impact


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.

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Alexa Blain, Managing Partner Deetken Impact


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.

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Fernando Alvarado, Head of Deetken Impact Sustainable Energy



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.

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Carl Black, Portfolio Manager Deetken Impact


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.

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Cristobal Aguirre, Investment Analyst at Deetken Impact


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.

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Chad Parsons, Senior Investment Analyst at Deetken Impact




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).

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