The SPTF is governed by a Board of Directors (13 elected, up to 3 appointed to ensure regional diversity) and a fixed number of elected representatives from each of the major stakeholder groups: Funders, Asset Owners & Investment Managers, Financial Service Providers (FSPs), Global Networks of FSPs, and Standard Setting Coordination, Information and Capacity Building Services.

SPTF Board of Directors

Christine Poursat, Agence Française de Développement (AFD)
Thomas Lammar, Luxembourg Ministry of Foreign and European Affairs
Paul Luchtenburg, United Nations Capital Development Fund (UNCDF)

Asset Owners & Investment Managers
Emmanuelle Javoy, Symbiotics
Anna Kanze, Grassroots Capital Management

Regional and National Associations
Allan Robert Sicat, Microfinance Council of the Philippines, Inc. (MCPI)
Mohamed Attanda, Microfinance African Institutions Network (MAIN)

Financial Service Providers (FSPs)
Malkhaz Dzadzua, formerly of JSC MFO Crystal (Georgia)

Global Networks of FSPs
Eugénie Constancias, Entrepreneurs du Monde
Tom Shaw, Catholic Relief Services

Standard Setting Coordination, Information and Capacity Building Services
Cécile Lapenu, CERISE SPI4
Daniel Rozas, MIMOSA/e-MFP
Isabelle Barrès, The Smart Campaign

Chair Emeritus

Frank DeGiovanni

Loïc De Cannière, Incofin IM

Executive Director (Ex-officio member)
Laura Foose, Social Performance Task Force

Frank DeGiovanni, Ford Foundation (Chair Emeritus)
Frank DeGiovanni served as director of Financial Assets, leading Ford’s worldwide efforts to build financial assets for disadvantaged people with support through grants and program-related investments (PRIs). His team made grants through a focused set of initiatives on savings, individual asset development, Social Security reform, rural livelihood development and consumer financial services.

Prior to that role, 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.
Return to Top

Loïc De Cannière, Incofin Investment Management (“Incofin IM”)
Loïc De Cannière (1959°) is Founder and Managing Partner of Incofin Investment Management (“Incofin IM”). In 2001, after a career in the private and public sector, he decided to dedicate himself to impact investments. He first turned around Incofin, a small Belgian microfinance fund. Then, in 2009, he founded Incofin IM and grew it into one of the larger impact investment fund management companies, with a strong focus on balancing financial and social returns. Today, Incofin IM manages combined total assets of more than 1 bn USD. Loic focussed on developing pioneering impact investment funds, such as Rural Impulse Fund II and agRIF which invest in rural and agri-focussed financial institutions and in the agricultural value chain. He launched Incofin IM’s “Fairtrade Access Fund”, providing finance to fairtrade labelled producer organizations worldwide. In addition, under his leadership, Incofin IM obtained an advisory mandate for “Invest in Visions”, a large German retail microfinance fund.

Loic attracted large private institutional investors, development finance institutions and HNWI to Incofin IM’s investor base, which familiarized him with investor’s expectations about impact investments.

He developed Incofin IM into a company with more than 50 dedicated professionals and offices/representations in Belgium (Antwerp), Colombia (Bogota), India (Chennai), Kenya (Nairobi) and Cambodia (Phnom Penh). He created a successful Technical Assistance department within Incofin IM. The TA department assisted multiple MFIs in developing proper SPM systems.

Before he joined Incofin, Loïc De Cannière was responsible for structured finance at DEME Group, a Belgian marine engineering company. He structured the funding of large port and environmental projects in Tunisia, Ghana, Nigeria, Qatar, India, Bangladesh and Taiwan. Prior to that, he was Chief of Staff in the Belgian Government.

Loïc De Cannière holds an MA in Economics from the University of Louvain (KU Leuven - Belgium) and a BA in Philosophy from the Hochschule für Philosophie (München - Germany).
Return to Top

Emmanuelle Javoy, Symbiotics
Emmanuelle Javoy is the Head of Social Performance and Impact Measurement at Symbiotics, where she has now been working for 2 years.

Symbiotics currently manages or advises funds that have over USD 2b of assets invested in Microfinance and SME finance, spread across 270 investees and 70 countries. In her role at Symbiotics, Emmanuelle is in charge of a) the design of the Social Rating methodology that has been used for the past 10 years to assess all of Symbiotics’ investees on a yearly basis; b) the impact reporting to investors; c) the supervision of impact studies conducted on behalf of some of the funds advised by Symbiotics with surveys of end clients.

Prior to working for Symbiotics, Emmanuelle has worked for eleven years for Planet Rating, one of the pre-eminent rating agency specialized in microfinance, as an analyst, Quality Manager and then as its Managing Director for 6 years. She also worked for responsAbility as the team leader of the Financial Institutions Credit Analysis team. Along these fifteen years of experience in the microfinance sector Emmanuelle has notably: participated in the first meetings of the Social Performance Task Force and in numerous ones thereafter, created Planet Rating’s social rating methodology, contributed to the definition and testing of the Smart Campaign Client Protection Principles and Certification program, trained hundreds of microfinance practitioners and students on the concepts of social performance in microfinance, was part of Microfinance Transparency’s board, worked on CERISE’s SPI4 and helped define the indicators to be used in ALINUS, co-founded MIMOSA with Daniel Rozas and continues to produce MIMOSA reports each year.
Return to Top 

Anna Kanze, Grassroots Capital Management
Anna is the Chief Operating Officer of Grassroots Capital Management. She has been an active participant in the SPTF Annual Meeting and Social Investor Working Group (SIWG) since 2008.

Anna has been a member of numerous SIWG initiatives, including ALINUS working group to align investors' due diligence with the Universal Standards, discussions on measuring and reporting outcomes, and discussions on lenders' guidelines for setting covenants in support of responsible microfinance. Anna has also contributed to the Universal Standards indicators, practices and Implementation Guide, with particular emphasis on articulating Dimension 6.

Throughout her time with SPTF, Anna has encouraged consolidation of industry initiatives -- including responsible pricing, the Smart Client Protection Principles, and the Universal Standards with broader industry standards and ratings (e.g., IRIS and GIIRS). This helps raise awareness of the group's work beyond microfinance, reduce the reporting burden of MIV's and MFIs, and share our best practices with new sectors and members. 
Return to Top

Thomas Lammar, Luxembourg Ministry of Foreign and European Affairs
Mr. Thomas Lammar is a qualified sociologist and anthropologist with two Master degrees from the Université Libre de Bruxelles (ULB), and has corporate and field experience with Government, UN and civil society in Europe, South-East Asia, West Africa, Latin America and the United States.

He has been managing Luxembourg’s Development Cooperation’s programmes in inclusive finance, private sector, aid for trade, and policy coherence since July 2017.

Prior to this assignment, Mr Lammar acted as Deputy Head of mission of Luxembourg’s embassy in Lao PDR, where he also served for the United Nations as a Monitoring and Evaluation Officer. Previously, he has been active as a Programme Analyst for the UN Population Fund in its headquarters in New York as well as in Kosovo. Furthermore, Mr. Lammar has worked for NGOs in Peru and in Ghana.

His work has focused on creating evidence, strategizing, and effectively supervising programmes in the areas of financial inclusion, private sector engagement and development, social protection, policy coherence for development, maternal and reproductive health, and population dynamics.
Return to Top

Christine Poursat, Agence Française de Développement (AFD)
Christine has been working as a practitioner in microfinance and financial inclusion for over 20 years. She came to microfinance after a few years in private sector banking and equity investments. She joined the French NGO GRET first as technical assistant to an MFI in Cambodia, then as head of GRET's microfinance department. She actively participated in the creation of the CERISE network and the launch of the first SPI tool initiative.

From 2006 she was a founding partner of Alia Developpement, an advisory firm specializing in financial inclusion. As an independent consultant she participated in various assessments of microfinance institutions and programs, in studies and publications for regulators, governments, and funders. She also coordinated several regional or national diagnostics and strategies in inclusive finance.

Since 2018 she has been working for the French Agency for Development (Agence Française de Développement, AFD), the main implementing agency for France’s official development assistance to developing countries. Christine is the focal point for financial inclusion within AFD’s department for Financial Institutions where she supervises the implementation of projects mainly in Africa and South-East Asia. Her portfolio includes grants and loans in support of MFIs, dedicated investment vehicles, professional local associations, and national or regional regulation and supervision bodies.

Christine holds an MBA from H.E.C. in Paris, a MIM from CEMS, and a post-graduate degree in Development Economics from Science Po Paris.
Return to Top 

Paul Luchtenburg, United Nations Capital Development Fund (UNCDF)
Paul has more than 20 years of experience in Microfinance and Financial Inclusion playing a variety of roles from implementer, Technical Assistance provider, funder, and board member. Paul holds an MBA from Eastern University and has contributed to the writing of a number of books and articles on microfinance and financial inclusion.

Paul was previously on the SPTF board when, as CEO of AMK, he was elected as the MFI representative. Paul participated in numerous SPTF annual meetings including Den Bosch, Bern and Amman. He was also one of the founding members of the SMART Campaign steering committee and is passionate about ensuring that the microfinance industry and financial inclusion initiatives do no harm, and put clients first.

Paul was an active supporter of MF Transparency in giving guidance and helping organize the MF Transparency ratings in Cambodia.

Currently Paul serves as the program specialist for inclusive finance for UNCDF, the arm of the UN that focuses on financial inclusion in the poorest countries and has long played an active role in SPM and client protection issues. UNCDF is implementing a number of creative projects including MAP (Making Access Possible). This supply and demand research culminated in the development of the Financial Inclusion road map which was approved by the government of Myanmar in February 2015. UNCDF is also facilitating MFI greenfields, financial diaries research, digital financial service interventions, and is setting up a market development facility, which will provide local currency funding and technical assistance.

Before UNCDF Paul served as the senior operations officer for microfinance covering the East Asia and Pacific region for the International Finance Corporation (IFC). During this time Paul was involved with developing IFCs social performance strategy.

Prior to UNCDF Paul served as the CEO of AMK in Cambodia. AMK has received numerous awards and is a recognized leader in delivering cost effective financial services while having a strong social performance focus. During his tenure AMK was the first organization in Asia to receive the Gold Award for Social Performance Reporting from CGAP. AMK was rated #1 in Cambodia and #16 in world for the MIX composite rating, and was the only organization to be in the top 20 for three years. Previous to AMK Paul worked with World Relief implementing in Cambodia and then providing TA support to the Euro Asia region. Paul is currently based in Myanmar.
Return to Top

Malkhaz Dzadzua
Malkhaz Dzadzua is a microfinance practitioner with over 20 years of professional experience in Financial Inclusion and Organizational Management. Since 2004 he holds senior management positions with a main focus on strategic leadership, investor relations, risk management, CSR, business growth and transformation.

Malkhaz was the Founder CEO of JSC MFO Crystal, a leading Non-Bank Microfinance Institution in Georgia, which started in 2004 as a small non-profit organization and soon grew into a market leader MFI with more than $130 million total assets, 60 regional branches, 1,000 employees and 100,000 active clients (mainly rural and low-income households), successfully managed by the Crystal Group as of 2018. The company received many prestigious awards and recognitions for its high social standards and transparency. It was among the first MFIs worldwide to be awarded by the status of S.T.A.R. MFI from MIX for its commitment to being Socially Transparent and Responsible (2013); Platinum level award for Social Performance Reporting from MIX (2012); Winner at SMART Campaign “Plain language loan contract for client” (2011); Financial Transparency Award by CGAP (2006) etc. Crystal was also the first MFI in Georgia conducting Social Rating and endorsing the SMART client protection principles.

Before Crystal, in 1995-2004 Malkhaz worked for the local NGO in Georgia (CHCA) with the mission to improve the livelihoods of IDPs, conflict-affected and other socially vulnerable groups. He started here in 1995 as a student volunteer and has been soon promoted to a business consultant (1997), loan officer (1998), branch manager (1999) and microfinance program manager (1999-2004).

Malkhaz actively participates in various local and international professional networks, business associations and social initiatives. Currently he serves as a Board Member of UN Global Compact Georgia; Chairman of Social Performance and Ethic Committee at Georgian Microfinance Association; Board Member at CSR Club Georgia; Investment Committee Member at Young Entrepreneurs School (YES-Georgia); Investment Committee Member at the Center for Social Entrepreneurship Georgia. In past Malkhaz served as a first Chairman of the Board at the Georgian Microfinance Association (2005-2007); Steering Committee Member at EBRD’s Microfinance CEO Forum (2012-2014); Working Group Member at SPTF (2011-2012); Founder/Board Member at the Business Angels Association Georgia (2016-2017).

Malkhaz holds a Master’s Degree in Economics and Management and currently is a PhD Candidate in finance. He is an international certified expert in Microfinance and Risk Management by Frankfurt School of Finance & Management. He also completed a number of executive education and MOOC certification programs at Harvard Business School, Yale University, Stanford University, Joint Vienna Institute, HEC Paris and London Business School. Malkhaz is often invited as a speaker and panelist at international conferences and forums.
Return to Top

Allan Robert Sicat, Microfinance Council of the Philippines, Inc. (MCPI)
Allan Robert Sicat is the Executive Director of the Microfinance Council of the Philippines, Inc. (MCPI), the national association of microfinance institutions in the Philippines. He joined MCPI in 2004 and became its Executive Director in 2012. Under his leadership MCPI was awarded the Financial Inclusion of the Year Partner from 2013 to 2015 by the Bangko Sentral ng Pilipinas.

Before MCPI, Mr. Sicat was part of the Rural Banker’s Association of the Philippines-Microenterprise Access to Banking Services program, a USAID-funded initiative that assisted rural banks in developing microfinance services for poor and low-income households. He currently represents MCPI as a Board member at the Microfinance Information and Data Sharing, Inc. (MIDAS), the microfinance credit bureau in the Philippines.

In 2015, as part of the Social Performance Fund for Networks, MCPI provided technical assistance to members to improve institutional practices on social performance. MCPI was also instrumental in the passage of the Microfinance NGOs Act of 2015; a law that provides governance, financing, and social performance accreditation standards for NGOs engaged in microfinance. In 2017, MCPI published the Philippines Social Performance Country Report. In 2008,

Mr. Sicat earned his Masters Degree in Business Administration from the De La Salle University–Ramon V. del Rosario Sr. Graduate School of Business. He also holds a Bachelors Degree in Applied Economics and a degree in Commerce, with a major in Management of Financial Institutions, also from the De La Salle University. Mr. Sicat has been an active member of SPTF since 2011 and has participated in SPTF annual conferences in Den Bosch, Jordan, Panama, Senegal, Cambodia, and Morocco.
Return to Top

Mohamed Attanda, Microfinance African Institutions Network (MAIN)
Mohamed Attanda holds a Master’s Degree in Business Administration (MBA) Global Studies & Finance (Southern New Hampshire University), and a Bachelor’s Degree in Banking and Finance from the University of Ghana, Legon. He has nine years of experience in microfinance. In 2003, Mohamed was involved in a training at the Boulder Institute of Microfinance, specializing in Management of MFIs, and has organized and attended several other national and international microfinance training courses. Mohamed Attanda is a trainer on financial education modules, management of income-generating activities, credit management, control of loan delinquency, and social performance. He teaches at Université Catholique de l’Afrique de l’Ouest, Togo, as a trainer in the microfinance master’s program.

Since January 2014, Mohamed Attanda has been the Executive Director of Microfinance African Institution Network (MAIN), a powerful pan-African composed of 80 members in 22 African countries. Before taking on this role he was the organization’s Network Francophone Program Officer. Before joining MAIN, Mohamed Attanda worked in the banking sector with Ecobank and Ghana Commercial Bank, and in the development organization Heritage United Way, in New Hampshire, USA.
Return to Top

Isabelle Barrès, The Smart Campaign
Isabelle Barrès, The Smart Campaign In her current role as Director of the Smart Campaign, Isabelle Barrès leads global efforts to promote financial consumer protection and keep clients first in microfinance. She has over 20 years experience in microfinance and the formal banking sector. She helped create the MIX in 2002, and led its strategic initiatives until 2007. From 2007 to 2010, she managed Kiva¹s microfinance operations and developed its global strategy to maximize social impact. Isabelle has been a key contributor to best practice publications on standards and financial performance monitoring, and is a founding member of Women Advancing Microfinance. She was a member of the SEEP Network Social Performance Working Group from 2003 to 2007. She has been a member of the Social Performance Task Force since 2005, and was the chair of the SPTF Common Social Performance Indicators Sub-committee from 2005 to 2007. She is now a member of the Truelift Microfinance Technical Review Committee, the Truelift Advisory Committee and the Cambodia Microfinance Association Advisory Board. Isabelle has a BA in Economics, an MBA and a post graduate degree in Development Economics. She is fluent in English, French and Spanish
Return to Top

Eugénie Constancias, Entrepreneurs du Monde
Eugénie CONSTANCIAS is the Social Performance Manager for “Entrepreneurs du Monde”, a French NGO created in 1998 acting as an incubator of social businesses in the field of microfinance and access to energy. Through technical and financial support, “Entrepreneurs du Monde” is mainly dedicated to reinforce the social mission of its network of FSPs in Asia, Western Africa and Haïti in order for them to improve the well-being of the vulnerable people they serve. Prior to that, Eugénie worked as an analyst in the social rating department of MFR conducting 25 assignments in 15+ countries. She contributed to the fine tuning of the social rating methodology and piloted the microfinance institutional rating. Eugénie also worked as a research assistant analyzing international framework agreements and codes of conduct in relation with the European Foundation for the Improvement of Working and Living Conditions.

In the last seven years working for “Entrepreneurs du Monde”, Eugénie has developed practical solutions to help FSPs implementing the Universal Standards for Social Performance Management. Her work involves equipping organizations with a social strategy through the definition of their mission, theory of change, social goals and targets ; defining sets of indicators and processes to track clients’ socio-economic profile; developing policies and procedures to protect clients; conducting surveys to assess the adequacy of products and services, and carrying out ‘Social Performance Indicators’ audits.

Eugénie is committed to giving a voice to socially oriented FSPs striving to combine sustainability with social goals fulfillment. As a technical assistant provider, she could witness how crucial it is to embed SPM in organizations’ strategies and operations. Eugénie is dedicated to facilitate experience sharing and learning on social performance at FSP level.

Eugénie graduated from Audencia Nantes School of Management, France and holds a degree in social sciences from the University of Caen, France.
Return to Top

Tom Shaw, Catholic Relief Services
Since May 2007, Thomas Shaw has been Catholic Relief Service’s (CRS) Senior Technical Advisor for Microfinance, based in Baltimore, Maryland, USA. He has an M.S. in Agricultural Economics and Rural Sociology from The Ohio State University, specializing in rural financial markets and microfinance. He has a proven track record of over 40 years of high quality, successful technical service provision to rural finance institutions, savings and credit cooperatives, and stand-alone microfinance institutions in Africa, South Asia, and Latin America. He has provided training and mentoring on financial management and accounting, delinquency management, development and implementation of savings and credit products, governance, human resources development, and research design and implementation.

Tom is extremely committed to the idea, practices, and policies that promote financial inclusion for all, but especially those that are among the poorest and most vulnerable in the world. This implies a real application of social performance practices and principles in all financial activities, whether conducted by commercial banks, microfinance institutions, credit unions/SACCOs, or community owned and managed savings groups. His commitment and dedication to all of his work activities is well known within the microfinance community of practitioners, as well as among government and central bank regulators across Africa.

As such, Tom has been actively working within the SPTF, while supporting the implementation of the MISION II and MISION Africa projects, which collectively reached 213 MFIs across 12 countries in Latin America and 6 countries in Africa. He is a strong voice in advocating to donor and partners that MFIs can and must set and achieve their social objectives, and thus ensure that the poorest and most vulnerable populations have the access to appropriate and effective financial products and services. This focus is to ensure a broader financial inclusion for all. As the technical lead for SPM at CRS he further helped to co-sponsor both the 2013 SPTF annual meeting in Panama City, Panama and the 2014 SPTF annual conference in Dakar, Senegal.

Finally, Tom is known for his passion and commitment to making MF serve the poor, and for his dedication and focus on bringing the highest quality standards and level of effort to all organizations with which he has the honor to work and serve. As an SPTF board member Tom will bring this same level of commitment and passion to serving all of the members of the Social Performance Task Force.
Return to Top

Cécile Lapenu, CERISE
Cécile Lapenu is the executive director of CERISE, a knowledge exchange network on ethical finance ( CERISE was started in 1998, and since then it has developed tools and organized studies and seminars on Social performance and impact, Rural and agricultural finance, and Governance in microfinance and social business.

Cécile is in charge of the development of the tools (SPI, SAM – Social Audit for Microfinance Investment Vehicles, Governance for microfinance, etc.) and the coordination of studies. She conducts training for social audits for MFIs and social assessment for investors. She is member of the Board of the Social Performance Task Force, and was chair-woman of the Board of the European microfinance platform (e-MFP) in 2014.

Before joining CERISE in January 2001, Cécile Lapenu was a post-doctoral fellow at IFPRI (International Food Policy Research Institute, Washington DC, USA) working on the Rural Finance Team in the Food Consumption and Nutrition Division. From 1993 to 1997, she worked on the development of rural financial system as a researcher at the Centre de Coopération Internationale en Recherche Agronomique pour le Développement (CIRAD). She received a Ph.D in agricultural economics from the Ecole Nationale Supérieure Agronomique de Montpellier, working on Microfinance in Indonesia.
Return to Top

Daniel Rozas, MIMOSA/e-MFP
Daniel Rozas is a co-founder of the MIMOSA project, which provides a methodological assessment of market saturation and risk of overindebtedness for leading microfinance markets. Since starting as a consultant and researcher in the financial inclusion sector, Daniel has produced valued and influential research that has shaped the sector's understanding of issues surrounding market growth and saturation. This focus was borne from Daniel's prior experience at the US mortgage investment company Fannie Mae during 2001-08, where he had first-hand view of the extraordinary boom-and-bust cycle that took place in the US mortgage market during this period.

Daniel also works and consults extensively on a broad range of other topics, including savings, housing, risk management and other areas, and has collaborated with many of the major organizations in the sector, including research organizations (CGAP, FAI, CFI, CSFI), rating agencies (MFR, M-CRIL, Microrate, Planet Rating), and a host of other leading organizations in the sector, from MFIs and microfinance associations, to TA providers and investors.

Since 2013, Daniel has held the role of Senior Microfinance Expert at the European Microfinance Platform (e-MFP). Daniel resides in Brussels, Belgium, and holds an MBA from the University of Maryland and an undergraduate degree in music from the Peabody Conservatory.
Return to Top

Laura Foose, Social Performance Task Force (SPTF)
Laura Foose has been the Executive Director of the Social Performance Task Force since 2005. She has over twenty years of experience in policy design and advocacy promoting microfinance and poverty alleviation in developing and transitional countries. As a partner of Alternative Credit Technologies for ten years, she designed microfinance projects, conducted evaluations of MFIs, and was a working group facilitator for the SEEP Network in the areas of poverty assessment/outreach.

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 the U.S. Congress.

Ms. Foose is a professor of Financial Inclusion at Georgetown University; a professor of Ethics and Leadership at George Mason University for The Fund for American Studies; a co-founder of Woman Advancing Microfinance; and is currently on the Taxonomy Committee of “The Impact Reporting and Investment Standards (IRIS) project” of The Global Impact and Investing Network, and on the Leadership Council of the Microcredit Summit.

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 is based in Washington, DC.
Return to Top