MarÌÐa Otero joined ACCION International (ACCION), a US-based charity supporting microfinance, in 1986 as the Honduras lending program director. On January 1, 2000 Ms. Otero was ACCION President and CEO, replacing Michael Chu who had served in the position from 1994 to 1999. Ms. Otero also chairs ACCION Investments, an investment company for MFIs worth USD 20 million. Her leadership in microfinance extends to the boards of directors of Mibanco, BancoSol, and Compartamos, MFIs in Peru, Bolivia, and Mexico, respectively. Ms. Otero also serves on the boards of the Calvert Foundation, BRAC Holding in Bangladesh, and the Clinton Global Initiative. In 2004 Ms. Otero was nominated by President Bush to be a member of the United States Institute for Peace, where she has served since. She is also a coordinator of the Council of Microfinance Equity Funds, which includes 18 equity investment funds directed towards microfinance.