MFR’s CEO & Founder, Aldo is also a shareholder and board member.

Aldo leads MFR’s Management Team, providing strategic guidance and supervision of operations and representing MFR at global level. He sits in the Rating Committee Unit and systematically supervises all new issues of rating reports. Since the beginning of operations in 2000, Aldo has carried out 200+ rating and assessment missions.

Aldo has been an active member within the most relevant industry initiatives, including as a Board Member of SPTF, Board Member of African Microfinance Transparency and SMART Campaign Certification Committee member. Since 2008, Aldo is also a faculty member at the Boulder Microfinance Training Program.

Before joining MFR, Aldo worked at Banca Etica and ETIMOS, respectively a commercial bank and an international financial consortium, and was in charge of the microfinance investments portfolio.

Aldo holds an MSc in Economics. He is fluent in English, Spanish, French and Italian (native).

Aldo is fond of sports and practices running, cycling, swimming and skiing.

Andrea works as a fractional CFO for companies that need high professional skills in the administrative and financial management control area, in which he has 30 years of experience. He started his career as an auditor in Deloitte.

Andrea helps small and medium enterprises to design and implement integrated management accounting and control systems. Moreover he takes care of training and mentoring the junior staff, building up the company with qualified people who are able to work independently.

Joris was previously the Regional Manager for Middle East and North Africa (MENA) since 2012, and of Francophone Africa since 2019. He is based out of the Head Office in Milan, Italy. He joined MFR in 2011 as an Analyst and carried out +80 ratings, assessments and client protection certifications, mainly in Africa, MENA and ECA regions, acquiring an extensive field experience as analyst and team leader.

Before joining MFR, Joris was involved in different projects in the field of environmental impact assessments and social programs. Joris also worked with the Cambodian Microfinance Association for a research study.

Joris holds a Master degree in Sustainable Development from Paris-Dauphine University and an MA in European Microfinance from the Solvay Brussels School of Economics and Management. He is an Italian and French native speaker and is fluent in English.

Joris loves travelling, reading and practices Kung-Fu since he was 15 years old.

Michela is in charge of relationship management with clients and stakeholders in the LAC region, including institutional relations with networks, investors and regulators, while also in charge of the operations in MEXCA region. Michela is a member of MFR’s Social Rating Committee and SMART Technical Committee.

In charge of MEXCA since 2014, she also supervised MFR’s operations in Peru between 2016 and 2018. Michela joined MFR in 2009 as analyst and carried out over 100 assignments, mainly in Latin America, acquiring extensive field experience as team leader and project manager.

Before joining MFR, Michela worked in the Emerging Markets Equity investment team at Pioneer Investments Management Ltd. in Dublin.

She holds a BSc in International Relations from the University of Bologna and an MSc in Development Economics from the University School for Advanced Studies of Pavia. She has an Italian mother tongue, is fluent in Spanish and English and speaks some Portuguese.

Michela enjoys travelling, trekking and tasting in her free time.

Innovation Director, in charge of the Innovation Committee’s effort towards new business lines, partnerships and delivery channels.

Innovation Director since 2015, Lucia contributes to the development of new services and to the upgrade of MFR’s methodologies. She is responsible for the Data Platform Project, for studies and research, and for the relationships with several investors and industry initiatives (e.g. contributing to SPTF and Smart Campaign methodologies evolutions). Lucia is a member of MFR’s Management Team, Rating Committee Unit, Technical Group and Innovation committee.

Lucia joined MFR in 2005 as analyst. Social Rating Director from 2010 to 2015, she was in charge of the issue of social ratings and client protection certifications. She acquired an extensive field experience with 90+ field assignments in 44 countries worldwide.

Lucia holds an MSc in Economics and Management of Public Administration and International Organizations from Bocconi University (Italy). She is fluent in English, French, Spanish and is an Italian native speaker.

Lucia enjoys learning about the countries she visits by reading and working with people.

Regional Manager for Latin America since 2014, Evrim is in charge of the operations in the region and based out of Quito, Ecuador.

While in charge of the regional financial, administrative and operational management, he is General Manager of Microriesg (MFR’s company incorporated in Ecuador, authorized by the local regulator). Evrim is a member of MFR’s Technical Group, as well as of MFR Bolivia’s Board and Risk Committee. He is a lecturer at the Boulder Institute’s Microfinance Training Programs in Europe and Latin America.

Evrim joined MFR in 2009 as analyst and carried out over 100 assignments mainly in Latin America, acquiring extensive field experience as team leader and project manager.

He also worked as an independent consultant specialized in risk and social performance management. Before joining MFR, Evrim worked as Treasurer and Account Manager at BNP Paribas in Brussels.

He holds a BSc in Economics and Econometrics from the University of Nottingham, an MSc in Financial Management from Vlerick Business School and a PGCert in Agricultural Economics from SOAS – University of London. He is fluent in English, Spanish, French and Turkish.

Evrim enjoys family, music, and sports in his free time.

Chairperson of MFR’s Institutional Rating Committee Unit since 2009, Ivan also oversees the Quality Control activities on financial assignments.

Ivan chairs the Rating Committees for Institutional and Credit Ratings worldwide and coordinates other senior members of the Rating and Quality Control Unit; overtime he has chaired more than 400 Committees. As chair of the Credit Rating Committees for the regulated markets of Ecuador and Bolivia, Ivan is authorized by the respective Supervisory Bodies. As one of the most senior experts in the company, Ivan leads and coordinates training and coaching of rating analysts worldwide on financial and risk topics. He is also an active member of MFR’s Technical Group and he is part of the Management Team.

Ivan joined MFR in 2004 as Analyst, participating in over 130 assignments worldwide.

Before joining MFR, Ivan worked for 5 years in Latin America in the economic development field, carrying out evaluations, technical reviews and consulting activities in microfinance, rural finance and the MSMEs sector.

Ivan holds an MSc in Economics from Bocconi University (Italy). He is fluent in English, Spanish, Portuguese and is a native Italian speaker.

Ivan loves travelling around the world and discovering the hidden beauty of each country and culture.