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Impact investing is not just about choosing to invest in companies that have positive social or environmental impacts. It’s also about how you respond as an investor and partner in challenging circumstances. We were truly inspired by the actions of one Honduran renewable energy company looking after communities surrounding its projects during the COVID19 pandemic.

The current crisis is affecting all corners of the world including the Central American site where this renewable energy project is located. The Rio Betulia Hydroelectric Power Plant is located near the community of Betulia in the Department of Colon, Honduras. It is a five-year run-of-the-river project that uses the flow of water of the Betulia river for energy generation, providing renewable energy to the local communities and strengthening the local and regional electricity systems.

Run-of-river hydroelectric power plant in Colon, Honduras. Renewable energy project.
Betulia River Hydroelectric Power Plant in Colon, Honduras

Colon is one of the departments in Honduras most affected by the pandemic, with the third highest number of infected people in the country. It is also one of the poorest areas in the country with the majority of families living on subsistence fishing or agriculture, and in some cases, very small scale commercialization of their left-over products. Due to the very stringent restrictions on movement imposed by the Honduran government and the level of the spread of the virus in the region, people are unable to work or travel to urban areas where they’d sell their limited products or purchase inputs required for their subsistence activities.

Our partner General Equipment Supply SA (GES), who operates the Betulia River Hydroelectric Power Plant, aware of how vulnerable the communities located in this region were – basically without access to sources of food, put together a plan to increase the reach of  their ongoing support of the local communities during these trying times. They sourced, purchased and delivered a basic food basket to 170 families who live in this deeply affected area, benefiting more than 1,080 people.

During the month of April, despite the difficulties in sourcing and transporting food supplies due to both national restrictions and the penurious state of access roads to the communities, GES delivered these basic food baskets comprising items such as beans, rice, sugar, cornmeal, butter, pasta, salt, coffee, tomato sauce, soup, and laundry soap to the communities of Betulia, Samaria, La Fortuna, and Sapote, located in the Betulia river basin. Understandably, people in these communities were extremely happy and grateful since these donations allowed them to comply with the social isolation rules with the peace of mind of having enough food to feed their families, and not increasing their risk of contagion by having to go out and look for sustenance.

At Deetken Impact we couldn’t be prouder of our partners, who despite being faced with numerous challenges and constraints of their own caused by the current pandemic, realize the limitations of public assistance measures in developing countries, and are going out of their way to support and provide whatever they can to the communities where they operate. This is why we do the work we do every day. This is impact investing in action.

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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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