MCE Social Capital Names New CEO

Camilla Nestor, former CEO of MIX, will lead the innovative social finance organization in its next phase of growth and innovation

By Staff

November 10, 2020 — After an extensive global search, MCE Social Capital (MCE) is thrilled to announce that it has selected Camilla Nestor as its next CEO effective November 30, 2020. Nestor has spent two decades inspiring global development organizations to drive social change through innovative solutions, strategic partnerships, and operational excellence.

“I am excited to work with the terrific MCE team to build on its impressive track record and lead the organization through its next phase of innovation and growth. This will include continuing to support MCE’s microfinance partners and expanding MCE’s investments in small and growing businesses, a critical segment for economic recovery and growth,” says Nestor. “With greater scale and influence, MCE has an opportunity to shape how the impact investing sector evolves, in a way that generates measurable impact while also delivering financial returns. I look forward to collaborating with MCE’s staff, board, Guarantors, and investors to elevate the organization’s profile and take its capacity for impact and scale to the next level.”

Camilla has dedicated her career to expanding the role capital plays in improving the lives of people around the world and has a deep understanding of impact investing, financial inclusion, agriculture, and digital finance. She served as CEO of MIX from 2017 through June 2020, working to design and structure the combination with Accion’s Center for Financial Inclusion. At MIX, she led strategic shifts, leveraging MIX’s unique data expertise to help unlock impact capital for frontier areas of inclusive finance, such as fintech and agriculture. Prior to MIX, in over a decade in leadership positions at Grameen Foundation, Camilla led global programs in financial inclusion, agriculture and health. She built the organization’s impact investing portfolio, placing debt, equity and guarantees that generated over $250 million for financial service providers. Camilla also serves as adjunct professor of financial inclusion at Columbia University.

“Camilla is the real deal,” said Gary Ford, MCE’s board chair and outgoing CEO. “She brings to MCE a rare combination of fierce commitment to the people MCE serves, deep knowledge of finance, impact investing, agriculture and technology, and profound smarts and creativity. This is MCE’s moment, and Camilla is the right person to seize it.”

About MCE Social Capital

MCE is a nonprofit impact investing firm that uses a pioneering loan guarantee model to generate economic opportunity for women and families living in poverty throughout the developing world. MCE leverages the excellent credit of high net worth individuals and foundations to borrow capital from U.S. and European financial institutions and accredited investors. MCE then strategically deploys this capital to microfinance institutions and small and growing businesses. Since making its first loan in January 2006, MCE has disbursed more than $215 million in loans in rural areas of developing countries with a less than 2% default rate.