About Mrs. Els Boerhof

Els Boerhof has joined Goodwell Investments as a partner and co-owner in March 2008. Within Goodwell she is leading its expansion to Africa and the initiatives in water & sanitation and sustainable energy. She is also responsible for expanding the investor base in the development finance sector. Before joining Goodwell, Els has managed the Micro & Small Enterprise Fund 'MASSIF' of FMO. She expanded the fund from EUR 200 mln per end-2005 to over EUR 300 mln per end 2007. On behalf of FMO she was also a non-executive board member of Acción Investments in Microfinance (USA) and member of the Credit Committee of the AfricInvest Financial Sector Fund. Within FMO she previously
held the positions of Manager Business Development and Investment Officer Asia. Before FMO, Els worked for MeesPierson in Amsterdam, Rotterdam and Johannesburg in Trade & Commodity Finance (the Americas) and Correspondent Banking (Africa & Middle East). She graduated from Tilburg University in 1995 with a thesis on "The monitoring and evaluation of credit for the rural poor", for
which she conducted the research whilst working for the Visayas Co-operative Development Organisation (VICTO) in The Philippines.