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About Us

Finding Inspiration in Every Turn through Capital Investments in Central and Latin America.

Founders and Mananging Executives

  • Ana Lucía Alfaro
  • Ana Lucía Alfaro
  • Ana Lucía Alfaro
  • Ph.D. in Economics - The Ohio State University

  • M.Sc. Master in Economics - The Ohio State University 

  • MBA Master of Business Administration - INCAE Business School

  • Founder and President of E&D Enterprise and Development.

  • MPA/ID Master in Public Administration in International Development Economics - Harvard University

  • Double MBA Master in Business Administration - INCAE Business School, International MBA Exchange Program at IE Business School in Madrid, Spain

  • MBA Master in Business Administration - HHL Leipzig Graduate School of Management, Germany

  • Co-Founder and Vice-President of E&D Enterprise and Development.

Luis Noel Alfaro Gramajo Ph.D.

Co-Founder and President

Dr. Luis Noel Alfaro Gramajo is an academic, international consultant and businessman of Guatemalan nationality. Joined INCAE Business School since 1986. He has been academic director and professor in different executive training programs aimed at the private, public and non-governmental sectors, corporate and financial consulting, and capital investments in Latin America.

Currently, he is Board Member and President of various Banks and Financial Institutions in Central America, among them:​

  • Member of the Corporate Governance Committee of the BANRURAL Financial Group, made up of the presidents of the various companies of the Financial Group (Bank, Insurance Company and Financial Company).

  • Director of the Board of Directors of Banco de Desarrollo Rural S.A. (BANRURAL S.A.) (Bank for Rural Development S.A.). Among the largest and most profitable banks in the Central American region. 

  • President of the Board of Directors of Aseguradora Rural S.A. (ASRURAL S.A.) (Insurances Company division of BANRURAL Financial Group).

  • Director of the Board of Directors of the Investment Fund for Development (FID).

  • Member of the Presidents Club – INCAE Business School.

He specializes in the areas of Accounting and Finance, Managerial Control and Finance, Institutional Analysis, Finance for Development, Entrepreneurship and New Businesses, Microfinance, Economic and Social Development, Quantitative Methods for Managers, Political and Environmental Analysis, Theory of Economic Development, and Formulation and Evaluation of Projects, and has been Academic Director and professor in different executive training programs aimed at the private, public and non-governmental sectors, is Founder and Academic Director of the Program / Diploma in Senior Management of Microfinance Institutions (PAD-MIF) and the Diploma in Advanced Management in Banking and Finance for Development (PGA BFD).

As Founder and Academic Director of Management Consulting Practice, he has had the opportunity to support more than TWO HUNDRED FIFTY companies in the American continent (among which are Bayer Corporation in the USA; Cía. Pfizer, El Grupo Gigante, Aeroméxico, and Carrier Corporation in Mexico; Grupo la Fragua in Guatemala; Grupo TACA in El Salvador; Cargill in Honduras; Corporación de Supermercados Unidos in Costa Rica; Grupo Pellas in Nicaragua; MARCIMEX in Ecuador; the Stock Exchange, EDIFICA and MARCIMEX in Peru ; and the Radisson Hotel in Bolivia), among others, in solving problems of a strategic and managerial nature, through practical application work developed with their direction and supervision by graduates of the Master of Business Administration program at INCAE Business School.

He has given conferences in different parts of the world, among are all the countries of Central America, USA, Brazil, Bolivia, Colombia, Chile, Ecuador, Mexico, Peru, Dominican Republic, Trinidad and Tobago, Venezuela, France, Philippines, India, Morocco, South Africa, Uganda, among others. 

- Mastermind Professor: Selected by INCAE Business School graduates for his “outstanding work” at the institution and “for being a source of knowledge and inspiration” (August 2023).

- Ph.D. General Examination, evaluated at the time as “the best General Examination in the last six years,” The Ohio State University, United States. 

- Scholar of the World Bank Graduate Scholarship Program (WBSP)

2010 Distinguished International Alumni Award, The Ohio State University, United States. 

Dr. Luis Noel Alfaro Gramajo is Co-Founder and President of E&D Enterprise and Development a Private International Consulting Firm elevating enterprises to their highest potential in Latin America.

Dr. Alfaro´s INCAE Business School Profile

Anna Lucia Alfaro Dardón, MPA/ID-MBA

- Ana Lucía Alfaro

Co-Founder and Vice-President

Originally from Guatemala, Anna Lucia Alfaro Dardón - Ana Lucía Alfaro - has extensive international experience by having lived, worked and /or studied in over 16 countries across different continents. She has professional experience working in capital investments, corporate strategy, economic and financial consulting, banking, research, public policy and government, and international development economics for private and public sectors and multilateral organizations, such as the The World Bank Group, the Inter-American Development Bank, USAID, among others, in the Americas, Europe and Africa. 

Anna Lucia is a Harvard Kennedy School International Fellow, a Harvard Women and Public Policy Fellow, a Harvard Cultural Bridge Fellow, and an Alumni of the IVLP International Visitors Leadership Program of the U.S. Department of State - part of the Pathways to Prosperity in the Americas Initiative. https://femmeinvestventures.com/  

https://mujerexitoydesarrollo.com

 

Anna Lucia Alfaro Dardón (Ana Lucía Alfaro) is Co-Founder and Vice-President of E&D Enterprise and Development a Private International Consulting Firm elevating enterprises to their highest potential in Latin America. www.analuciaalfaro.net

Personal Website: www.analuciaalfaro.co

www.analucialfaro.com 

www.annaluciaalfaro.com

www.ana-lucia-alfaro.blog

Resources for professional and academic opportunities. Apply to fully funded scholarships, fellowships and internships at: www.bestfullyfundedscholarships.com

If you are an international student, visit the Top 10 Best Fully Funded Scholarships for International Students in the US in 2025 here.

 

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