Executive Director

The Bootstrap Fund is a $5 million nonprofit microfinancefund with a long history and commitment to alleviating poverty and building self-esteem in Central America.  Our method of engagement in this mission is to provide capital to microfinance institutions in Honduras, Guatemala, El Salvador and Nicaragua through a highly vetted network.  Our rapid growth and development is moving the Fund towards self-sufficiency while working to significantly increase our impact on the lives of the thousands of women and their families in Central America. 

Position Oveview:

The Executive Director will provide leadership and represent the Fund to private and public funding sources, financial institutions, community organizations, and the media to increase donations, investments and general exposure of the fund.  S/hewill oversee the growth and development of the Fund, as well as its management and operations.  The Fundheadquarters is in Stockton, California where a regular presence will be required, but Bay Area representation will be key in this role. Reports to the Board of Directors.

Responsibilities: 

Fund Management

• Coordinate overall Fund strategic planning and programming.
• Establish program’s capital goals in dialogue with the Board and set measurable indicators of performance against goals.
• Provide professional assessment, review, and revision of loan policies and procedures and make recommendations to Board as needed.
• Provide financial oversight of Fund, including cash management, tracking of all loans, and annual audit.
• Manage client loan process: financial and feasibility analysis for loans to microfinance institutions (MFI’s); coordinate review process for Board’s Loan Committee; ensure documentation, loan agreements and collections schedule. 
• Oversee on-site due-diligence in Central America, securing contracts with local providers as appropriate. 
• Negotiate contracts with consultants, auditors and lawyers as needed. 
• Stay current with Blue Sky laws, states’ registration requirements and appropriate legal issues related to private offerings and fundraising out-of-state. 
• Keep current with community development finance industry trends, microfinance industry capitalization strategies and developments and Partner country economic-social-political developments.

Capital and InvestorSolicitation 

§      Prospecting and Donor Relations 

• Acquire, develop, cultivate and maintain donor base and raise capital to achieve self sufficiency 
• Research and qualify foundations and individuals for grants and prepare applications as required 
• Prepare and conduct presentations, draft funding proposals,and provide other appropriate Fund representations
• Provide follow-up reporting for board, donors, and investors as required 

§      Investor Promotion 

• Identify, develop and maintain direct relations with all investor prospects:  individuals and institutional investors, such as faith-based organizations, community foundations and public and private institutions, as well as commercial investment advisors. 
• Market the Fund from pre-presentation preparation through investment closing and follow-up. 
• Represent the Fund in the national and international CDFI and socially responsible investment community, with colleague organizations and at appropriate conferences.

Board Relations 

• Report to the Board and coordinate board meeting preparations in concert with Board chair.
• Work directly with the Board to manage the Fund and its policies and procedures.
• Interface with additional Board committees as these are formed. 
• MicrofinanceInstitution Relations
• Maintain direct contact with Fund MFI clients and the Network association; 
• Serve as northern representative to the Katalysis CentralAmerican Microfinance Network.

Staff Supervision and Management

• Develop personnel policy and procedures.
• Negotiate appropriate benefit contracts as needed.  
• Hire, supervise and review staff. 

Qualifications:

• Strong written and verbal skills with a demonstrated success rate in raising funds
• Passion for the microfinance space
• Spanish fluency a plus

To Apply: 

Qualified candidates please email a resume and cover letter.