Fernando is General Manager of Bolivian Investment Management (BIM Ltd.) enterprise that manages seven investment funds, including LOCFUND. He is also President of the Board of Panamerican Securities, a Bolivian brokerage house. Fernando Sanchez has 13 years of experience managing Investment Funds and in capital markets. He headed the design and launching, as well as forming the executive team of LOCFUND LP and in Carlson Funds Bolivia Facilities, an investment fund for Bolivia.  He is currently a member of the Board in important enterprises in Bolivia. In the past he was in charge of managing various investment portfolios for Panamerican Securities and was an official trader for the Bolivian Securities Exchange. For seven years Fernando Sanchez taught subjects related to finance and the capital markets in different master and bachelor programs in Universidad Católica Boliviana and Universidad Mayor de San Andrés. He has a Master degree in Business Administration from the UCB-Harvard Program, Masters for Development Programs in La Paz, Bolivia and graduated with honors in Economic and Business Administration Sciences from Universidad Gabriela Mistral in Santiago, Chile.

fsanchez@locfund.com

Rodolfo is a Costa Rican economist who has been conducting evaluations and research on rural finance and microfinance organizations and projects in Ecuador, Bolivia and Costa Rica as well as analyzing diverse issues in economic development and global risk assessment.  He has been a consultant in many Latin American countries for international organizations such as The Ohio State University, DAI, RUTA, FAO, IDB, USAID, the World Bank, GTZ and Chemonics.  Until 2004 he worked in Bolivia as development finance specialist and Deputy Director for SEFIR, a financial services project funded by USAID and implemented by Development Alternatives Inc (DAI). SEFIR supported the institutional strengthening of microfinance institutions in their various objectives of growth and innovations so as to consolidate the microfinance industry in that country. The program also gave support to the Superintendence of Banks and Financial Entities of Bolivia and to the creation of a private credit bureau. Before and after his work in Bolivia, he has been associated with Academia de Centroamérica, a research institute based in Costa Rica, where he has participated in numerous research and policy dialogue exercises.  As a consultant he has conducted institutional evaluations, research, trainings and given lectures.  He has also held administrative positions as director, deputy director and regional or country coordinator of a series of technical assistance, research and training projects. Rodolfo Quiros studied Economics in Costa Rica and has a Master degree in Agricultural Economics from The Ohio State University.

rquiros@locfund.com

Cesar started his career at ENSERBIC S.A. a Credit Information Bureau in 2004, as Regional Manager he was in charge of the operational and commercial areas in La Paz and Oruro. Since 2006, he was part of the Pro Mujer Network working in the financial area of Pro Mujer Bolivia and later as CFO at Pro Mujer Argentina. He was consultant for the Fondo de Desarrollo del Sistema Financiero (FONDESIF) in the evaluation process of the technical assistant projects that this entity executed. He is currently member of the Board of Directors in Porvenir S.A. an MFI in Bolivia. Cesar has a Masters Degree in Corporate Finance from the Universidad Catolica Boliviana (MpD) and graduated in Business Management at the same University, he also has two specialization courses in microfinance at Universidad Andina Simón Bolivar and at The Boulder Institute of Microfinance.

ccastillo@locfund.com

Pedro is an Economist with 29 years of experience in the Bolivian financial system, in various commercial banks. For the last 13 years his professional life has been dedicated to microfinance institutions, as National Operations and Finance Manager of Banco Solidario (BancoSol) and National Finance and Operations Manager of Banco Los Andes Procredit.  He has participated in various technical committees and consulting assignments for ASOFIN of Bolivia (the Association of Financial Entities Specialized in Microfinance), and of ASOBAN (the Association of Private Banks of Bolivia).  Pedro Fardella also participated in the re-launching of the Bolivian Stock Exchange, as Vice President and President of that country’s Association of Brokers.  His academic work includes a professorship in Universidad Católica Boliviana as well as in various seminars in the areas of finance, bank management and operations, internal and risks control.  He is part of the academic team of the Microfinance Program at Centro AFIN in Bolivia, an international center in support of innovations in finance.  This long experience as operator in microfinance, as well as professor and consultant, is now part of LOCFUND’s team in its Technical Support Facility. Pedro Fardella has a Licenciatura in Economics degree from Universidad Católica Boliviana.

pfardella@locfund.com

Erlan began its career at PriceWaterhouseCoopers SRL in the financial services area where he participated in auditing very important Bolivian microfinance institutions; later he worked as Chief of the Monitoring and Control Department at FONDESIF (Financial System Development and Support to the Productive Sector Fund), where he was in charge of the control and follow up of the execution of the Microcredit Program that was oriented to provide funding and technical assistance to microfinance institutions to develop this industry in Bolivia; he was also in charge of monitoring trust operations managed by FONDESIF.

During 2010, he was intern at the regional office for Latin America and the Caribbean of Microfinanza Rating in Quito, Ecuador; where he participated in rating missions of microfinance institutions in Ecuador and Peru. Erlan is Business administrator, graduated from the Bolivian Catholic University; he has a Master degree in Microfinance from the Bergamo State University in Italy; he has a specialization course in Microfinance from the Bolivian Private University and Centro AFIN (Financial Innovation Support Center). He is specialist in Quality Management Systems from IBNORCA (Bolivian Institute for Quality Standards). He is founder and member of the civil association LIDES (Leadership and Development).

ellanos@locfund.com

Verónica worked eight years on the Superintendence of Banks and Financial Entities as financial supervisor, first in the banking institutions credit risk unit and then in the regulation and statistics department. She was a member of the commission in charge of the unification of both Banks and Financial Entities Superintendence with Pension, Securities and Insurance Superintendence. And she was also the counterpart at the regulatory board in its linkage with the Central Bank of Bolivia regarding development and update of the ASFI developing preventive regulations.

Verónica is a Business Administrator (graduated with honors) from the Universidad Católica Boliviana and has a master’s degree in finance from the Instituto Tecnológico y de Estudios Superiores de Monterrey, México. She also has a graduate degree in microfinance from the Universidad de Alcalá (Spain) and Centro AFIN (Bolivia).

She took several risk management courses at the Centro de Estudios Monetarios Latinoamericanos (CEMLA), International Monetary Fund (IMF), Association of Supervisors of Banks of the Americas (ASBA) and the Financial Stability Institute (FSI). She received an award from the Business Administration College of La Paz (Bolivia).

vcespedes@locfund.com

Johanna Montiel, Costa Rican with a Bachelor degree in Businesss Administration and a major in Banking and Finance, from Universidad Hispanoamericana de Costa Rica. She worked for Coopeservidores, one of the leading credit unions in Costa Rica. Between 2003 and 2009 she undertook responsibilities administrating funds, reviewing and approving loan operations, and promoting savings, at the Heredia branch. Her specialties deal with credit services, savings, solidarity services and social commitment.

From 2009 and up to October 2010, she joined Financiera G&T Continental Costa Rica, which is part of the Guatemalan group G&T Continental, as financial credit analyst for micro, small and medium enterprises. During these years working for the regulated financial system, she attended several seminars on guaranty systems and regulation. She joined LOCFUND in November 2010.

vcespedes@locfund.com