Purpose Future Fellow - Emerging Fund Manager
Micha Josephy
Executive Director, Cooperative Fund of New England
Micha Josephy is enabling cooperative businesses in low-income communities to access financial products and leverage their skills to help build a robust, localized ecosystem of entities rooted in shared ownership.
Through the Purpose Futures Fellowship, Micha Josephy is focused on growing the Cooperative Fund of New England (CFNE). The CFNE is a non-profit loan fund, community development financial institution providing loan capital to cooperatively-owned enterprises to finance working capital, real estate and business acquisition, and other small business needs. CFNE provides lines of credit, term loans and flexibly-structured term loans that may be redrawn as paid down.
As Executive Director, Micha is responsible for executive leadership, program development, capitalization, and operations. He first joined CFNE in 2010 as a Program Manager, helping raise grant and loan capital, managing compliance reporting, and new program development. Micha first joined the co-op movement as an Oberlin Student Cooperative Association member and later coordinated the development of Boston Community Cooperative’s first housing co-op. He has a background in nonprofit financial management and community organizing, and holds a BA in environmental studies from Oberlin College and an MS in Community Economic Development from Southern New Hampshire University. He has also participated in the Opportunity Finance Network’s leadership training program.