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October 16, 2006
Acumen Fund
Posted by Kevin D. Hendricks | Filed under: Featured Nonprofit
What's the best way to heal the world?
"Entrepreneurial solutions to solve global poverty," answered Acumen CEO Jacqueline Novogratz. "We need to build companies that know how to deliver things people need at prices they can afford."
The Acumen Fund invests in business ideas that can help the poor. It's venture capital for the four billion people living on less than $4 per day, as opposed to venture capital for well-to-do techies. They approach poverty with a business mindset, trying to find projects that are sustainable as well as scalable and that provide affordable goods and services to the world's poor.
Manufacturing malaria nets in Africa, offering affordable home loans in Pakistan and making clean water in India. They're projects that can change the lives of the poor, not through simple handouts, but through business initiatives.
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Comments
Our non-profit seeks to assist other non-profits with a recurring revenue potential. We have a superior product in place with a charity such as you have described, however they have not been able to be effective in their efforts to reach their supporters. If you can visit our website and see our program, perhaps you can make some suggestions which would assist them.
Thank you.
Tom Boyle 901-309-0246
Posted by: tom boyle at May 14, 2007 6:08 AM