Board of Directors

The SPTF is governed by a Board of Directors (13 elected, up to 3 appointed to ensure regional diversity) with members from every region and a fixed number of elected representatives from each of the major stakeholder categories:

  • 2 donors
  • 2 investors
  • 2 MFIs: 1 NGO and 1 NBFI or bank
  • 3 MFI Associations: 1 Global, 1 Regional, and 1 National
  • 2 support organizations
  • 2 audit/rating/information services
  • Up to 3 appointed members to ensure regional diversity
  • SPTF Director is an ex-officio member

The Board of Directors members are as follows:


  • The Ford Foundation, Frank DeGiovanni (Chair)
  • Swiss Agency for Development and Cooperation (SDC), Hans Ramm

Social Investors

Direct Microfinance Providers


  • Microfinance Centre for CEE and the NIS (MFC), Ewa Bankowska
  • Pakistan Microfinance Network, Zahra Khalid
  • Microfinance CEO Working Group, Anne Hastings

Support Organizations

  • PLAN International, Boubacar Diallo
  • Opportunity International, Calum Scott

Rating/Auditing/Information Services

  • EDA Rural Systems Private Limited, Frances Sinha
  • MicroFinanza Rating, Aldo Moauro

 SPTF Director (ex-officio member)


Frank DeGiovanni
Frank DeGiovanni is Ford Foundation's director of Financial Assets. He leads the foundation's worldwide efforts to build financial assets for disadvantaged people with support through grants and Program-Related Investments (PRIs). His team makes grants through a focused set of initiatives on savings, individual asset development, Social Security reform, rural livelihood development and consumer financial services.

Prior to assuming his current position, Frank was the foundation's deputy director of Program-Related Investments, where he was responsible for creating and monitoring a diverse loan portfolio of organizations promoting community and economic development in the United States and internationally.

Before joining the Ford Foundation in 1991, Frank was associate professor and senior research associate at the New School for Social Research in New York City, where he researched and taught graduate-level courses in housing and community development, urban political economy and policy analysis. From 1985 to 1987, he was chairman of the Pratt Institute's Department of City and Regional Planning in Brooklyn, where he also taught and consulted on projects in housing and community development.

Frank has a Ph.D. and a master's in regional planning, both from the University of North Carolina at Chapel Hill.

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Hans Ramm
Bio coming soon.

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Dina Pons
Dina Pons is currently working at Incofin as Investment Manager for Southeast Asia and Social Performance Coordinator.  With more than 350 million of assets under management, Incofin IM is a leading double bottom microfinance investment fund.  Incofin was one of the earliest investors to develop its own social performance evaluation scorecard.  Incofin IM also endorses the SMART Campaign, MFTransparency, and the Principles for Investment in Inclusive Finances (PIIFs) and has been an active member of the SPTF for the past four years. 

While at Incofin, Dina has worked on several SPM related projects: She first focused on a full revamping of Incofin's in-house social performance evaluation tool, called ECHOS.  With the aim of bringing the tool in line with the latest developments in the SPM sphere, Dina worked on the creation of a special section on Responsible Pricing, using the same format as MFTransparency, and also included a much more detailed section on Client Protection Principles by integrating the self-assessment questionnaire of the SMART Campaign into the ECHOS tool.  Since updating ECHOS, Dina has been in charge of training Incofin staff to ensure that all Incofin staff understand and implement SPM the same way. Following Incofin’s endorsement of the PIIFs, Dina was instrumental in developing Incofin’s internal action plan and in pushing for the progressive implementation of each principle in Incofin’s internal policies and practices.  Since June 2012, Dina has been working with two fellows from Oikocredit and Blue Orchard on the development and implementation of the research framework of the first study to assess over-indebtedness in Cambodia.  

Dina has been active in the SPTF for the past four years.  During her work as a social rater and then as Investment manager for Incofin, Dina participated in the two last SPTF annual meetings in Den Bosch and in Amman.  Dina has also been very proactive in participating in several SPM initiatives at the industry level and more specifically in SPTF working groups including the PIIFs Reporting Framework, the Avoid Over-indebtedness (AVOID) working group, and the ALINUS working group. 

On top of this, for the past year and half, Dina has also been leading a working group on Reasonable Covenants which produced the “Lenders' Guidelines for Setting Covenants in Support of Responsible Microfinance,” listing seven financial covenants and two social covenants that more than twelve major investment funds agreed to endorse and use as reference when setting up covenants in their loan agreements.

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Jürgen Hammer
After 15 years spent in different international investment banks (Deutsche Bank, Banco Santander, Crédit Lyonnais, CALYON) and different areas (Corporate Banking, Fixed Income and Securitization, Sales and Origination, Senior Banker) Jurgen Hammer joined the field of microfinance in 2006 with the personal objective of using his experience in financial markets to benefit the excluded and poor people in the developing world.  

In 2008, Jurgen joined the initiative of Crédit Agricole in France and played a leading role in setting up and launching the Grameen Credit Agricole Microfinance Foundation (GCAMF). Under the legal form of a Foundation, and reflecting the intentions of its founders, Crédit Agricole and Grameen Trust from Bangladesh, GCAMF has a double objective: to achieve its ambitious social goals on a sustainable basis.  The initiative has therefore included a full, SPI-based social performance evaluation in all its investment proposals presented to its credit committee from the beginning.  

Always with an eye towards improving efficiency and acting responsibly with its MFI partners, GCAMF gives high priority to larger, industry-wide initiatives of improved coordination and cooperation.  Jurgen has participated in SPTF work since 2009, playing an active role in the Social Investor Working Group and, since summer 2012, leading the ALINUS Investor Working Group that commits to support and motivate socially responsible investors to align their existing practices in social performance, due diligence, and monitoring with the Universal Standards for Social Performance Management.  

In addition, Jurgen continues his involvement as an independent Management Board member with JAIDA, the Microfinance Fund in Morocco he helped to set up, and plays an active role in promoting the inclusion of social performance evaluation tools in the microfinance sector in Morocco.

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Anne Hastings
Anne Hastings is the CEO of Sèvis Finansye Fonkoze (SFF). Anne served as the Director of Fonkoze, the foundation, since May 1996 and served as a founder and Board member of SFF since 2004. Anne is the recipient of many prestigious international awards recognizing her work in microfinance and in Haiti. 

Before coming to Haiti thirteen years ago, Anne had fifteen years of experience in providing strategic management services to executives as Senior Partner and Managing Director of Scanlon and Hastings, a management consulting company in Washington DC. Anne holds a PhD from the University of Virginia and an Honorary Doctorate in Business Leadership from Duquesne University. She completed research fellowships at the Brookings Institute and the Advisory Commission on Intergovernmental Relations, both in Washington, DC.

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Carmen Velasco
Carmen Velasco serves on the Board of Directors of Microfinanzas PRISMA MFP (Perú).  Ms. Velasco spent the first part of her career teaching at the Bolivian Catholic University before she teamed up with Lynne Patterson to develop training programs for women. Ms. Velasco co-founded Pro Mujer in Bolivia, which has been fully sustainable since 1998 and which, under Ms. Velasco's leadership, achieved a world-wide reputation for excellence.  At Pro Mujer, Ms. Velasco was responsible for providing technical assistance to Pro Mujer’s microfinance institutions in Argentina, Mexico, Nicaragua and Peru. After assuming the role of Co-Director of Pro Mujer International, Ms. Velasco became responsible for supporting operations, for new product development, and for implementation of all network systems in each of the 5 countries where Pro Mujer is established. Ms. Velasco has a Bachelor’s degree in Educational Psychology from the University of Chile.

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Ziad Al-Refai
Ziad Al-Refai is the Executive Director of Tamweelcom, a micro credit company in Jordan.  He has held this position since 2006.  Prior to becoming Executive Director of Tamweelcom, Mr. Al-Refai was the Finance and Administration Manager for the Micro Fund for Women, and prior to that, he was a Finance Manager for the United Nations Development Program (UNDP) in Jordan.  Mr. Al-Refai holds an MBA in Microfinance (Bergamo University, Italy), a  partially completed MBA in Financial Management (University of Jordan), and a BA in Accounting (University of Jordan).

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Ewa Bankowska
Bio coming soon.

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Zahra Khalid
Zahra Khalid is a Social Analyst at Pakistan Microfinance Network (PMN), where she has been working since 2009. She is responsible for the overall strategy formulation as well as the management of the day-to-day activities for PMN's various Responsible Finance initiatives for the microfinance industry in Pakistan. These include Social Performance, Client Protection and Financial Education initiatives. From 2011 to date, Zahra is also serving as regional facilitator for Asia in the SEEP Network’s Social Performance Working Group (for Microfinance Associations), playing a key role in organizing and managing the region’s efforts towards advancing a Social Performance agenda with support from other members. Zahra has a research background, primarily on the microfinance sector in Pakistan. She holds a BSc. (Hons.) in Business with majors in International Finance and Investments from the National University of Sciences and Technology (NUST) in Pakistan. Her professional interests include development research and education.

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Boubacar Diallo
Mr. Diallo is currently the Regional Advisor for Household and Economic Security in the West Africa Regional Office of Plan International.  Previously, Mr. Diallo was Project Director for MISION Africa, as well as Regional Technical Advisor - Microfinance for CRS’ West Africa regional office. Prior to joining CRS, he was Regional Director - West Africa for Freedom from Hunger. At this position, he was in charge of the overall management of the West Africa office, building and managing relationships with partners, and provision of technical assistance in group lending, saving-led methodology, internal controls, supervision systems, business planning, and financial analysis in Mali and the West Africa sub-region. Prior to joining Freedom from Hunger as a permanent staff member, Mr. Diallo was a consultant, in which capacity he carried out feasibility studies, evaluations, and socio-economic studies for many international organizations, such as Save the Children, Lux Development, Aga Khan Foundation, Trickle Up Foundation, IFC, etc. He also worked as a researcher with the University of Mali (Faculty of Economics and Law) and the Centre d'Analyse et de Formulation des Politiques de Developpement du Mali and conducted some research on microfinance and food security. He holds a postgraduate degree in economics from the University of Ouagadougou in Burkina Faso, a master's in economics from Ecole Nationale d'Administration in Mali, and a master's in microfinance from the State University of Bergamo in Italy. Mr. Diallo speaks fluent French and English.

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Calum Scott
Bio coming soon.

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Frances Sinha
Frances Sinha is co-founder of the development consultancy EDA Rural Systems and the specialist rating agency M-CRIL, based in India.  A graduate from Oxford University and the London School of Economics, Frances has led teams and consultancies for research, evaluation, impact assessment and training throughout Asia, Africa and globally to support ‘double bottom line’ practice in microfinance and other development sectors. 

She has been closely involved with initiatives for social performance and double bottom line management and reporting in microfinance including the development of Social Ratings, the Universal Standards for Social Performance Management, Client Protection Assessments, metrics for social reporting, and training and mentoring of MFIs.   

With a fundamental and professional commitment to inclusive development and gender equity Frances has played a lead role in developing the ‘Truelift’ principles and guidelines to support pro-poor practice and measurement, and contributed to gender related indicators with Women’s World Banking, which are relevant across social enterprise sectors. 

Her recent publications include “MIS as a Catalyst for Social Performance Management and Reporting,” “Beyond Ethical Financial Services: Developing a Seal of Excellence for Poverty Outreach and Transformation in Microfinance,” and a book (as lead author with Ajay Tankha, Malcolm Harper and KV Reddy) entitled “Microfinance Self Help Groups in India, Living up to Their Promise?”

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Aldo Moauro
Bio coming soon.

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Laura Foose
Laura Foose has been the Director of the Social Performance Task Force since 2005.  She has seventeen years of experience in policy design and advocacy promoting microfinance development and poverty alleviation in developing and transitional countries.  She has also designed microfinance projects and conducted evaluations of MFIs.  As Secretariat of the Microenterprise Coalition at FINCA for five years, Ms. Foose represented microenterprise practitioner and advocacy organizations to donor agencies, the U.S. Administration, and members of Congress.  For 6 years, Ms. Foose was a working group facilitator for the SEEP Network and worked extensively in the areas of poverty assessment/outreach.  Ms. Foose is a professor of microfinance at Georgetown University; a co-founder of Woman Advancing Microfinance; on the Taxonomy Committee of “The Impact Reporting and Investment Standards (IRIS) project” of The Global Impact and Investing Network; on the Steering Committee of Truelift, and on the Management Board of The Rating Initiative.  Ms. Foose holds an M.S. in Foreign Service from Georgetown University, with specializations in international economics and business, and a B.A. from Brown University, where she graduated with a double major in economics and international relations.  She speaks German and is based in Washington, DC.

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