Ben Moyer Named as Pro Mujer's First CEO; Positions Pro Mujer for Next Phase of Growth

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Pro Mujer named Ben Moyer its first Chief Executive Officer.

With Ben's proven success in operations, investment management and oversight of multi-national businesses, he brings the right tools to lead Pro Mujer at this important time it its history. We are very pleased that he has agreed to serve as our first CEO and look forward to the contribution we both know that Ben will make to our organization.

Pro Mujer, a leading microfinance and women's development organization in Latin America, and a pioneer at combining financial and social services for the poorest women entrepreneurs, named Ben Moyer, Senior Consultant with Wainwright Investment Counsel, an independent investment consulting firm, its first Chief Executive Officer, announced Pro Mujer's Chairman, Rita Foley.

In making the announcement, Ms. Foley said: "We are pleased that a top investment professional and business executive of Ben Moyer's expertise and experience will be leading Pro Mujer in its next stage of growth and development. Ben has enjoyed a long relationship with Pro Mujer as a member of the board of directors of the organization since 2000 and is uniquely positioned to provide the strategic and operational direction that is necessary as Pro Mujer continues its expansion throughout Latin America," Foley continued.

Lynne Patterson and Carmen Velasco, Pro Mujer's founders, will work with Ben to shape and develop the future of the organization and will now fully dedicate themselves to the organization's geographic and service expansion while cultivating deeper relationships among the donor community.

Mr. Moyer said: "I'm truly excited to join the operating team of Pro Mujer. As chair of the Finance Committee and a member of the Loan Fund and Audit Committees of the board, I have had the opportunity to work closely with the team at Pro Mujer and feel that the organization has made tremendous strides in strengthening its financial management and controls while developing innovative financial products and social programs. I see an enormous opportunity for continued expansion of the Pro Mujer methodology of providing a combined package of financial and social services to Latin America's poorest entrepreneurs, and will work hard with the team to make sure the organization lives up to its full potential."

Ms. Velasco and Ms Patterson said: "With Ben's proven success in operations, investment management and oversight of multi-national businesses, he brings the right tools to lead Pro Mujer at this important time it its history. We are very pleased that he has agreed to serve as our first CEO and look forward to the contribution we both know that Ben will make to our organization."

Mr. Moyer's Background
Mr. Moyer is a Senior Consultant with Wainwright Investment Counsel, an independent, full-service investment consulting firm based in Boston, Massachusetts. Mr. Moyer also serves as a director and member of the Audit Committee of Ferroviaria Oriental, a publicly traded cargo and passenger transportation company in Bolivia. His international career started as a Peace Corps volunteer in Colombia. He joined First National Bank of Boston in 1968 and served as an officer of the Bank in Boston, Australia, Central America, the Dominican Republic, Bolivia, Panama and Taiwan. Mr. Moyer is a Yale University graduate and received an MBA in finance from Cornell University.

It was also announced that Maria Paula Carvajal, Pro Mujer's Chief Operating Officer, will be leaving the organization at the end of the year to pursue other personal interests. Since joining Pro Mujer at the beginning of 2006, Ms. Carvajal has put in place a structure in the New York office to better serve the growing needs of PMI and has helped build a team of dedicated professionals that will assist in the smooth transition of the organization as it moves to its next phase.

About Pro Mujer
Pro Mujer is an international microfinance organization, offering an integrated package of financial services, business training and healthcare to Latin America's poorest women entrepreneurs. Its integrated approach has proven a sustainable model for microfinance operations and a very effective way to help the poor achieve economic security and improved health. Beginning in Bolivia in 1990, Pro Mujer now also operates in Argentina, Mexico, Nicaragua and Peru. It has disbursed $246 million in small loans averaging $253. Pro Mujer clients have saved $8.9 million in individual accounts.

Pro Mujer is a 501(c)(3) tax-exempt organization. More information is available on our web site, http://www.promujer.org.

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Gloriana Guillen
Pro Mujer
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