{"id":43346,"date":"2018-06-01T13:00:56","date_gmt":"2018-06-01T17:00:56","guid":{"rendered":"https:\/\/staging21.finca.org\/uncategorized-en-ca\/deetken-impact-loan-haiti"},"modified":"2024-11-04T02:07:19","modified_gmt":"2024-11-04T07:07:19","slug":"deetken-impact-loan-haiti","status":"publish","type":"post","link":"https:\/\/finca.org\/en-ca\/deetken-impact-loan-haiti","title":{"rendered":"Deetken Impact Provides Loan Supporting Women-led Businesses in Haiti"},"content":{"rendered":"<p><strong>June 1, 2018, Montreal, QC<\/strong> \u2014FINCA Canada and its financial services partner company <a href=\"https:\/\/www.fincaimpact.com\">FINCA Impact Finance<\/a> announced that <a href=\"http:\/\/deetkenimpact.com\">Deetken Impact<\/a>, 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.<\/p>\n<p>FINCA Haiti SA is a microfinance institution that currently serves more than 45,000 customers\u201485 percent of whom are women\u2014across its eight branches. Last year, 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.<\/p>\n<p>In 2017, FINCA Haiti SA entered into a CAD 7 million partnership with FINCA Canada, part of a contribution agreement between FINCA Canada and <a href=\"http:\/\/www.international.gc.ca\/international\/index.aspx?lang=eng\">Global Affairs Canada<\/a>, to scale up financial inclusion efforts, targeting low-income Haitian women in particular, to help them increase their revenues and improve their family\u2019s living conditions.<\/p>\n<p>According to FINCA Canada Executive Director, St\u00e9phanie \u00c9mond: \u201cWith 85 percent of the poorest Haitians still unbanked, this partnership with Global Affairs Canada and Deetken Impact will extend our outreach to more women in Haiti. It will provide them with impactful financial services that enable them to increase their incomes, create employment in their communities and build brighter futures for themselves and their families.\u201d<\/p>\n<p>Over the next five years, funding from Global Affairs Canada will enable FINCA Haiti SA to grow its network of branches and digital financial services and enhance its capacity to develop customer-centric and gender-sensitive financial products. Moreover, the funds will enable it to better serve smallholder farmers and agricultural businesses. The Deetken loan facility will provide FINCA Haiti SA with the capital needed to support its growth path to further financial inclusion.<\/p>\n<p>\u201cWe are proud to partner with FINCA for our first investment in Haiti,&#8221; said Alexa Blain, Chief Operating Officer at Deetken Impact. \u201cThis is an example of how public and private sector financing can, together, support the growth of impact businesses in emerging markets.\u201d<\/p>\n<p>FINCA uses a blended funding approach, leveraging philanthropic and public funding to mobilize private sector investments\u2014loans and equity\u2014to bring the programs and social enterprises it supports to scale. The partnership between Global Affairs Canada and FINCA Canada enabled FINCA Haiti to directly attract private investments; since August 2017, it has mobilized more than $2.5 million in loans from private sector investors.<\/p>\n<p><strong>About Deetken Impact<\/strong><\/p>\n<p>Deetken Impact\u2019s 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 <a href=\"http:\/\/deetkenimpact.com\">deetkenimpact.com<\/a> or follow on Twitter @DeetkenImpact.<\/p>\n<p><strong>About FINCA Canada<\/strong><\/p>\n<p>FINCA Canada\u2019s mission is to alleviate poverty through lasting solutions that help people\u2014women in particular\u2014build assets, create jobs and raise their standard of living.\u00a0FINCA Canada is a charitable partner organization of FINCA Impact Finance, a global network of 20 community-based microfinance institutions and banks that provide socially-responsible financial services to enable low-income individuals and communities to invest in their futures. In addition to promoting financial inclusion, FINCA Canada supports programs that address pressing social issues like clean energy, water and sanitation, healthcare and nutrition. For more information, visit <a href=\"https:\/\/www.fincacanada.org\/fr\">FINCACanada.org<\/a> or follow us on Twitter @FINCACanada and Instagram @FINCA.Canada.<\/p>\n<p><strong>Media Contact<\/strong><br \/>\n<a href=\"mailto:info@fincacanada.org\" target=\"_blank\" rel=\"noopener\">info@fincacanada.org<\/a><\/p>\n<p>1-855-903-4622<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FINCA Canada announced that asset management firm Deetken Impact will provide a USD 1 million loan to FINCA Haiti SA for on-lending to individual, micro, small- and medium-sized businesses (MSMEs).<\/p>\n","protected":false},"author":392,"featured_media":43347,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[92],"tags":[95,172,179,96,97],"class_list":["post-43346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release-en-ca","tag-financial-inclusion-en-ca","tag-finca-haiti","tag-micro-and-small-business","tag-microfinance-en-ca","tag-womens-empowerment-en-ca"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deetken Impact Provides Loan Supporting Women-led Businesses in Haiti<\/title>\n<meta name=\"description\" content=\"FINCA Canada announced that asset management firm Deetken Impact will provide a USD 1 million loan to FINCA Haiti SA for on-lending to individual, micro, small- and 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