María Fernanda Álvarez Terán

María Fernanda Álvarez Terán (born 28 February 1989), also known as MFAT, is a former tennis player from Bolivia.

Álvarez was ranked No. 15 in the junior rankings in 2007. She won tournaments including doubles at the Copa Gatorade, Copa Milo in singles, Méditerranée Avenir in doubles, and Raquette D'Or, Riad 21, both in singles, and 21st Copa Gerdau and Condor de Plata, both in doubles.

On the senior tour, her best singles ranking was world No. 187, achieved in September 2009. On 7 April 2014, she peaked at No. 137 in the doubles rankings. Her last match on the ITF Women's Circuit she competed in her hometown Santa Cruz, in December 2016.

Playing for Bolivia Fed Cup team, Álvarez Terán has a win–loss record of 32–33.