About Us
E&D Enterprise and Development specializes in Strategy, Strategic planning and Financial consulting for private and public sectors and multilateral organizations in Central and Latin America. We have delivered effective and successful results to a plethora of clients in over 12 countries across the Americas. Review how our Services can help you achieve your business and financial success! Through Strategic Planning and Financial Consulting for private businesses, governments, civil society and multilateral organizations, we seek to contribute to Private Sector Development, Government Strengthening and Local and National Prosperity for countries in Latin America.
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Luis Noel Alfaro Gramajo Ph.D. Founder and President
- Ph.D. in Economics, The Ohio State University.
- MSc. in Economics, The Ohio State University.
- MBA – Master of Business Administration, INCAE Business School.
- Founder and President of E&D Kapital
Dr. Luis Noel Alfaro Gramajo a distinguished academic, consultant, and entrepreneur from Guatemala, has been affiliated with INCAE Business School since 1986. He has served as both a professor and academic director, focusing on programs for various sectors including private, public, and NGOs.
Presently, Dr. Alfaro holds significant roles in the financial sector across Central America, including:
- Corporate Governance Committee Member at BANRURAL Financial Group, collaborating with presidents of the group’s various companies (Bank, Insurance, and Financial entities).
- Director on the Board of Banco de Desarrollo Rural S.A. (BANRURAL S.A.), one of the largest and most profitable banks in Central America.
- President of the Board at Aseguradora Rural S.A. (ASRURAL S.A.), the insurance division of the BANRURAL Financial Group.
- Director on the Board of the Investment Fund for Development (FID).
- President of the Board of Directors of Equinoxio-Casa Hacienda El Capulín S.A.
- Member of the Presidents Club at INCAE Business School.
Dr. Alfaro’s expertise spans multiple disciplines including Accounting and Finance, Managerial Control, Institutional Analysis, Finance for Development, Entrepreneurship, Microfinance, Economic and Social Development, Quantitative Methods, Political and Environmental Analysis, Economic Development Theory, and Project Formulation and Evaluation, among others.
In addition, he is Founder and Academic Director of the Diploma Program in Senior Management of Micro Financial Institutions (PAD-MIF), which has been taught 21 times and has more than 1,000 graduates in Latin America, the Diploma in Advanced Management in Banking and Finance for Development (PGA BFD), and the Program on Business Credit Analysis (PACE). Moreover, for more than twenty years, he has been Academic Director and Professor of the Finance for Non-Financialists Program – one of the most successful Executive Education Programs of the institution.
Dr. Alfaro, in recent years, has been the Academic “Champion” of Microfinance in MBA Programs at INCAE Business School. He is a member of the World Network of Microfinance in MBA Programs and has been a member of the Academy of Management (AOM).
Through the Management Consulting Practice, which he founded and directed over 20 years at INCAE Business School, Dr. Alfaro has assisted over TWO HUNDRED FIFTY COMPANIES across the Americas in strategic and managerial capacities. His clients have included major corporations, such as; Aeroméxico, Bayer Corporation (USA), Cargill (Honduras), Carrier Corporation (Mexico), Cía. Pfizer (USA), Corporación de Supermercados Unidos (Costa Rica), EDIFICA (Peru), El Grupo Gigante (Mexico), Grupo la Fragua (Guatemala), Grupo Pellas (Nicaragua), Grupo TACA (El Salvador), MARCIMEX (Ecuador, Peru), Radisson Hotel (Bolivia), and the Stock Exchange (Peru).
An esteemed speaker, Dr. Alfaro has lectured worldwide, including in all Central American countries, Bolivia, Brazil, Chile, Colombia, Dominican Republic, Ecuador, France, India, Mexico, Morocco, Peru, Philippines, South Africa, Trinidad and Tobago, Uganda, USA, and Venezuela.
His academic excellence is well-recognized:
- In August 2023, he was honored as a Mastermind Professor by INCAE Business School graduates for his exceptional contributions and inspirational presence.
- He earned notable recognition for the “best General Examination in the past six years” during his Ph.D. at The Ohio State University, USA.
- He is a former scholar of the World Bank Graduate Scholarship Program.
- In 2010, he received the Distinguished International Alumni Award from The Ohio State University, USA.
Dr. Luis Noel Alfaro is Co-Founder and President of E&D Kapital, a private investment firm focused in Latin America and investments across different asset classes. Dr. Alfaro´s INCAE Business School Profile
Anna Lucia Alfaro Dardón MPA/ID-MBA
– Ana Lucia Alfaro
Co-Founder and Vice-President
- MPA/ID – Master in Public Administration in International Development Economics, Harvard University.
- Double MBA – Master of Business Administration, INCAE Business School, International MBA Exchange Program at IE Business School in Madrid, Spain.
- MBA – Master of Business Administration, HHL Leipzig Graduate School of Management, Germany.
- Co-Founder and Vice-President of E&D Kapital.
Anna Lucia Alfaro Dardón – Ana Lucía Alfaro – a native of Guatemala, boasts a rich global background, having resided, worked, and/or studied in over 16 countries across the Americas, Europe and Africa. Her career spans a range of sectors including; investments, corporate business strategy, economic and financial consulting, banking, research, public policy, government, and international development economics, in both the private and public sectors; including, multilateral organizations such as the World Bank Group, the Inter-American Development Bank, and USAID, among others.
Furthermore, Anna Lucia Alfaro Dardón is a Harvard Kennedy School International Fellow, a Harvard Women and Public Policy Fellow, a Harvard Cultural Bridge Fellow, and an alumna of the U.S. Department of State’s IVLP International Visitors Leadership Program, including being part of the Pathways to Prosperity in the Americas Initiative. www.analucialfaro.com www.analuciaalfaro.co
Anna Lucia Alfaro Dardón – Ana Lucía Alfaro is Co-Founder and Vice-President of E&D Kapital, a private investment firm focused in Latin America and investments across different asset classes. Website: https://annaluciaalfaro.com/
Founder and President of FemmeInvestVentures https://femmeinvestventures.com/
Founder and President of MujerÉxitoYDesarrollo www.mujerexitoydesarrollo.com
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