SENIOR STAFF

Veronica Herrera is MiCrédito's Chief Executive Officer. She holds a degree in Public Accounting with a concentration in finance from the National University of Managua, Nicaragua. She has completed additional studies in Bank Management and has comprehensive knowledge of banking in Nicaragua. More recently, Veronica completed The Strategic Leadership for Microfinance Program at the Harvard Business School.

Veronica's experience ranges from overseeing the financial and managerial operations of MiCrédito, preparing financial statements, raising $2-$5 million in capital funding from national and international organizations, establishing procedures for branch networks and monitoring compliance, ensuring branch compliance with internal and external standards, and managing and coordinating external audits.

Veronica is the 3rd daughter of parents who owned a micro-business. For 11 years, she worked for Nicaragua’s People’s Bank and then began a career working with MEDA. She served as Finance Manager at CHISPA (a MEDA micro-credit program) and later at CONFIA/Procredit (the result of a merger). At CHISPA she participated in the process of transforming the organization into a fully regulated financial institution. At CONFIA, she became key in establishing internal controls, maintaining daily relations with the bank's regulators, and provided timely reporting. A few years later, Veronica gathered a group of close colleagues to serve the rural poor with a brand new micro-finance institution called MiCrédito.

Arnoldo Junior Bolaños is the chief credit officer (CCO) and holds a Finance degree from a Nicaraguan University, with an additional diploma in Banks Management. He is very experienced with a 23 year track record working for financial institutions in Nicaragua that assist micro and small business sector clients. As a credit manager for CONFIA, he managed a portfolio of US$15 million representing 19,500 outstanding loans with excellent repayment history. He also participated in the transformation of CHISPA into a regulated financial institution. He provided institutional training and supervision of branch managers and credit analysts and analysts and worked with different financial products such as standard credits, preferred, seasonal and consumer lines of credits, renovation loans, mortgage lending and rural credit products. He is familiar with various loan methodologies such as individual lending, solidarity groups and community banking. Throughout his years of banking experience, he has achieved excellent results according to international indicators used for microfinance institutions.

Hoscar Pichardo Arana is MiCrédito’s Branch Supervisor. Since attending the Instituto Nacional Douglas Squeria Primero de Mayo Managua-Nicaragua, Oscar has consistently been involved in the microfinance sector of Nicaragua. Hoscar has worked as a credit analyst, a small business analyst, branch manager, regional manager and finally, branch supervisor for Micrédito. Throughout his career, whether in portfolio management or in client acquisition, Hoscar has been a pivotal figure in the success of projects large and small for a number of Microfinance Insitutions.

In his own words, Hoscar hopes to “Be part of a team work where I can contribute with my skills and knowledge in order to reach the Institution goals, offering my expertise to follow the strategies defined by the company in its Strategic Business Plan in order to positioning the company on the market.”

COORDINATORS

Cesia Calderon Coordinator, Rubenia branch		Giovanni Huete Coordinator, Estelí Branch		Norma Lopez Coordinator, Granada branch
Rosa Emilia Morales Coordinator, Ciudad Jardin		Rosa Vichez Coordinator, Teustepe		Nedar Jose Medina Coordinator, Leon Branch

ADMINISTRATION TEAM

From left: Cindy Gonzalez, Holman Valle, Elsa Maria Hernandez, Johanna Jalina, Nohelia Sanchez,  and Alvaro Mayorga

MiCrédito has 36 employees, including 18 credit officers.