SOURCE: Village Enterprise

Village Enterprise

August 09, 2011 16:45 ET

Village Enterprise Hires New Operations Executive

Konstantin Zvereff Brings Finance Experience to NGO in Africa

SAN CARLOS, CA--(Marketwire - Aug 9, 2011) - Village Enterprise, a leader in rural microenterprise development, is pleased to announce the addition of Konstantin Zvereff to its staff as Sr. Director of Programs and Operations in Kakamega, Kenya.

In his new position with Village Enterprise, he will be overseeing the operations of Village Enterprise's programs in Uganda and Kenya, which includes the starting of several thousand new small businesses among those living in extreme poverty in rural villages. He will oversee the development and delivery of new, innovative pilot projects and programs to increase the impact and scalability of the program, and manage partnerships with other community-based organizations in the field as well as the monitoring and evaluation programs. He will play a lead role in defining and implementing Village Enterprise's strategic plans in East Africa.

Dianne Calvi, CEO of Village Enterprise, notes, "Konstantin's experience in microfinance -- and his experience working in Africa -- make him a key addition to our strong team, and we are delighted he is joining us." Konstantin Zvereff adds, "I am so glad to join this strong team, and to make a real difference in poverty alleviation in East Africa. Village Enterprise has a great track record, and we plan to take its operations to the next level as we expand and innovate."

International Experience
Konstantin Zvereff, born in Barcelona, Spain, has dedicated most of his professional career to financial services and management consulting work with Booz Allen Hamilton. Mr. Zvereff focused his professional experience in systems and operations improvement as the Director of Operations of a Bear Stearns/JP Morgan joint venture, and as an independent consultant for Developing World Markets (an investment bank dedicated to making socially positive investments in the microfinance sector). He lived in East Africa as a U.S. Peace Corps Volunteer in Mozambique from 2005-2007. He received a BS in Biology and a BS in Financial Economics from the University of Maryland and his MBA from Georgetown University.

About Village Enterprise
Headquartered in California, Village Enterprise works in East Africa. Village Enterprise's multi‐pronged economic development model is unusual in the microenterprise development field. The organization targets start‐up businesses in rural areas that many microfinance institutions do not reach. Village Enterprise selects local village leaders (Village Business Mentors) to provide mentoring during the first year of the new business, and to create business savings groups which provide opportunity for group-run savings and credit. Village Enterprise first provides formal training on topics such as savings, profits, record-keeping and group cooperation. Grants of $150 (or non-cash assets to start a business) are given to business groups of 3 people. This small sum, which does not have to be repaid, has been proven over 23 years to have a significant impact in East Africa. For more information, visit http://www.villageenterprise.org or e‐mail info@villageenterprise.org.

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