Sunday, June 12, 2011

Acumen Funds a good way to serve the poor

Acumen Fund invests patient capital to identify, strengthen and scale business models that effectively serve the poor and champions this approach as an effective complement to traditional aid. Acumen Fund currently manages more than $60 million in investments in South Asia and East Africa, all focused on delivering affordable healthcare, water, housing and energy to the poor in Pakistan, India and Kenya. Jacqueline Novogratz, founder and CEO of Acumen Fund told that this is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems that are causes of global poverty. She also founded Duterimbere, a micro-finance institution in Rwanda. She started her career in international banking with Chase Manhattan Bank.