Vancity credit union has invested a portion of its Shared World fixed term deposits into the Deetken Impact Fund. The fund invests in growing businesses that provide crucial services such as inclusive finance, small to medium enterprise lending, renewable energy and social enterprises.
VANCOUVER, CANADA | OCTOBER 29, 2018 — Deetken Impact, a Canadian asset manager focused on impact investments in the Americas, has been selected by Vancity credit union to invest a portion of the proceeds of the credit union’s Shared World fixed-term deposits into the Deetken Impact Fund.
The funds will be used to support Deetken Impact’s growing portfolio of investments in businesses which deliver financial, social and environmental returns to investors. The Deetken Impact Fund has completed investments in inclusive financial services, small to medium enterprise lending, renewable energy and social enterprises in eight countries across Latin America and the Caribbean. Deetken Impact specifically pursues investments which contribute to the United Nations Sustainable Development Goals and evaluates its investments based on their performance against those targets.
“We are proud to be a part of Vancity’s efforts to enable its members to use their savings to improve the lives of low-income people in the developing world,” said Alexa Blain, Chief Operating Officer of Deetken Impact. “This support will be used to invest in growing businesses that are sustainably providing crucial services like affordable credit, health care and business training to entrepreneurs, particularly women entrepreneurs, across Latin America and the Caribbean.”
Ms. Blain said that the agreement to work together was in part motivated by strong alignment between Vancity and Deetken to provide affordable credit so people in developing areas of the world can create opportunities for themselves and their families.
For more information on the Shared World term deposit, visit https://www.vancity.com/
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 where it works, Deetken is able to generate sustainable, long-term returns on investments. For more information, visit https://deetkenimpact.com/ or follow on Twitter @DeetkenImpact.