Soleco Energy, a solar firm serving Latin America and the Caribbean, recently delivered a three-day “Women in Solar” training to 19 women in Jamaica with the intent of boosting the number of women working in the solar energy industry. There was no cost to participants, who gained exposure to
Search Results for: deetken
MICROCAPITAL BRIEF: Deetken Impact Fund to Focus Gender Lens on Education, Financial Inclusion, Health, Housing
Canadian asset manager Deetken Impact recently launched the Deetken Impact Alternative Finance Fund IV with a target volume of USD 100 million. Deetken plans to deploy the fund’s assets as “founder-friendly…
MICROCAPITAL BRIEF: Deetken Impact Acquires 40% Equity Stake in Asset Manager Adobe Capital, Seeking to Boost Social, Environmental Returns in Latin America
Deetken Impact, a Canada-based asset manager, recently paid an undisclosed sum to acquire 40 percent of the shares of Adobe Capital, a Mexico-based manager of investments intended to create positive social and environmental impact. The goal of the partnership is to increase the availability of
MICROCAPITAL BRIEF: Deetken Impact Invests in Pro Mujer Mexico – Provider of Education, Healthcare, Microfinance – Through Ilu Women’s Empowerment Fund
Canada-based asset management company Deetken Impact and US-based nonprofit women’s development organization Pro Mujer recently announced they are making an investment in Pro Mujer Mexico from the investment vehicle they co-manage, the Ilu Women’s Empowerment Fund. The parties to the transaction wish
MICROCAPITAL BRIEF: Deetken Impact, Pro Mujer Raise $1.3m from USAID for Ilu Women’s Empowerment Fund to Deploy in Latin America, Caribbean
Canada-based asset management company Deetken Impact and US-based nonprofit women’s development organization Pro Mujer recently announced they have raised USD 1.3 million from the US Agency for International Development (USAID) for the Ilu Women’s Empowerment Fund, which is active in Latin America and the Caribbean. Deetken plans to leverage a portion of the funding to attract private investment, adding a total of USD 5 m
MICROCAPITAL BRIEF: OPIC Commits $10m to Ilu Women’s Empowerment Fund, Managed by Deetken Impact and Pro Mujer, for Entrepreneurship, Housing, Leadership, Microfinance, Value Chains
The Overseas Private Investment Cooperation (OPIC), an agency of the US government that promotes economic partnerships in countries deemed important to US interests, recently announced that it has committed senior debt totaling USD 10 million to the Ilu Women’s Empowerment Fund, an investment vehicle managed by Canada-based private equity firm Deetken Impact and US-based nonprofit Pro Mujer. Various Canadian foundations, credit unions and other investors, which have not been identified publicly, previously invested USD 15 million in the fund. Of the USD 25 million now committed to the
MICROCAPITAL BRIEF: Cubo Raises $3.5m in Debt, Equity to Boost Acceptance of Digital Payments by Microenterprises in Central America
El Salvadoran startup Cubo, in an effort to bring its digital payments solutions to Guatemala, Panama and Costa Rica, recently raised USD 3.5 million in seed financing from investors including IDB Lab, a member of the Inter-American Development Bank (IDB) Group, and three venture capital firms, Colombia-based Latin Leap, Peru’s Seedstars and India’s Soma Capital. Cubo expects the new funding to allow it to reach about
MICROCAPITAL BRIEF: Ilu Women’s Empowerment Fund Invests $1m in Acceso Financiero for Microfinance in Honduras
The managers of the Ilu Women’s Empowerment Fund recently invested USD 1 million from the fund in the Honduran unit of Mexico-based Acceso Financiero, a microfinance institution (MFI) that provides credit to approximately 40,000 low-income clients in rural El Salvador, Guatemala, Honduras and Mexico. The investment, which is in the form of “risk adjusted blended finance capital,” is
MICROCAPITAL BRIEF: IDB Lab Accepting Applications from Entrepreneurs in Latin America, Caribbean for WeXchange Women STEMpreneurs Competition, Partner of Google for Startups, Through March 31
WeXchange, a program of the Inter-American Development Bank (IDB) Group’s IDB Lab, recently started accepting applications from female entrepreneurs in Latin America and the Caribbean for the WeXchange Women STEMpreneurs Competition. The competition targets women whose businesses
MICROCAPITAL BRIEF: HDFC Bank to Lend $100m to Micro-, Small, Medium-sized Enterprises (MSMEs) in India – Half Led by Women – with Support from DFC, Mastercard, USAID
HDFC Bank, an affiliate of India’s Housing Development Finance Corporation, recently agreed to lend USD 100 million to micro-, small and medium-sized enterprises (MSMEs) in India to support their usage of digital payments, including to adjust to the COVID-19 pandemic. Half of the credit facility is