The Deetken Group (1) and Oikocredit have entered into an Exempt Market Dealing ("EMD") Services agreement to distribute Oikocredit's securities ("Depository Receipts") in several Canadian provinces, including, but not limited to, Ontario, British Columbia and Alberta. The sale of these securities will take place by way of private placements.
"We are pleased with the agreement to help Oikocredit as an Exempt Market Dealer in several Canadian provinces," said Samir Shah, Director of The Deetken Group, "There is a strong alignment between our organizations in terms of our focus on impact investments. Oikocredit is a global leader in this investment category, and The Deetken Group is committed to continue to strengthen commercial bonds with like-minded organizations. We see this agreement as part of our mission to improve access to impact investment products for Canadians."
"We see a lot of demand for impact investments that combat poverty and contribute to sustainability in developing countries," said Eugene Ellmen, Canadian Director for Oikocredit. "This agreement permits us to reach out to accredited investors across Canada to help meet this demand."
The Deetken Group is a management consulting and investment firm based in Vancouver, Canada. With close to a decade of active investing in impact-based organizations, The Deetken Group is a pioneer in the impact investment space in Canada. Through deep financial and strategic analysis, and strong local relationships in the countries we work in, we are able to generate sustainable, long-term returns on our investments.
Oikocredit has over 40 years' experience in funding to partner organizations active in inclusive finance (including microfinance), agriculture and renewable energy. Oikocredit's loans an investments enable people living on low incomes to sustainably improve their living standards. Oikocredit finances more than 780 partners in over 70 countries and its outstanding capital totals € 940 million.
(1) Deetken Asset Management Inc. is registered as an Exempt Market Dealer in the provinces it is distributing Depository Receipts.