Staff Directory

Alexander Sotiriou

Senior Financial Sector Specialist

Alexander Sotiriou works across a range of issues at CGAP, including micro and small enterprise (MSE) finance and the linkages between financial services, improved livelihoods, and access to basic services.

He joined CGAP from MicroVest, where he was the investment manager for Latin America and managed a portfolio of investments in the region’s leading microfinance and small and medium enterprise finance institutions. Earlier, Alexander was an associate in Citi’s Johannesburg and Mexico City offices, where he developed corporate and project finance solutions for corporations and governments across Africa and in Mexico. He has also worked as an analyst for a private equity fund in Mexico and as a Peace Corps Volunteer in Burkina Faso and Guatemala.

Alexander has a Master’s degree in Business Administration from the Wharton School of the University of Pennsylvania, a Master’s degree in International Relations from the Johns Hopkins School of Advanced International Studies, and a Bachelor’s degree in Philosophy and Economics from the University of Arizona.

By Alexander Sotiriou

Blog

In a Post-Pandemic World, How Healthy Are MFIs?

CGAP analysis with MFR of MFIs post-COVID suggests that there seems to be a cluster of institutions still experiencing high credit risk, and unfortunately, the smallest institutions seem to be facing the biggest problems.
Blog

What Have We Learned from Recent PAYGo Off-Grid Solar Analysis?

CGAP and partners recently performed a sectoral analysis of PAYGo off-grid solar firms, with initial insights shared here. The work has greatly contributed to standardization, clarifying the investment opportunity and encouraging further funding.
Research

The Promise of Fintech for Micro and Small Enterprises

Nearly 500 million micro and small enterprises (MSEs) are estimated to be operating around the world. Access to credit and other financial services is critical to the growth and sustainability of these businesses, and consequentially to the low-income and vulnerable populations which rely on MSEs for their livelihoods. Yet despite decades of efforts and some notable successes in expanding MSE finance, the credit gap remains an estimated 4.9 trillion U.S. dollars.
Blog

Can Kenya’s Fintech Boom Address the MSE Finance Gap?

Kenya has seen an explosion of fintechs and nano credit providers, but they have yet to meaningfully serve MSEs in the country. We explain how fintechs could have a wider reach and distinct value proposition for MSEs in Kenya beyond digital credit.
Research

No Small Business: A Segmented Approach to Better Finance for Micro and Small Enterprises

This paper is based on primary research conducted with 383 micro and small enterrpises (MSEs) in India, Kenya, and Peru – three diverse emerging markets with a vibrant MSE finance ecosystem that includes strong incumbent providers like microfinance institutions, cooperatives, and banks, as well as innovative new providers like fintechs.