Published September 2011 in MIT’s Innovations Journal – SOCAP11: Impact Investing Special Edition by Brian Trelstad and Robert Katz
This paper argues that there are three paths to scale for a social enterprise – mission, margin, and mandate. The strategies needed, the time frames required, the management skills, and the sources of capital differ for each path. How do social enterprises navigate mission, margin, and mandate? What lessons can we learn from organizations that have achieved scale?
From April 2010, NewsHour’s Special correspondent Fred de Sam Lazaro reports from Kenya, on Acumen Fund and our investee company EcoTact, where private capital is being used to help install toilets and sanitation facilities in the country’s poorest areas.
Nothing about this work is easy. We are proud of our accomplishments over our first ten years, but we’ve learned at least as much from our struggles along the way. While we know we don’t have all the answers, there are some important truths we have discovered in doing this work. These ten truths will guide our work in the next decade and beyond.
KARACHI: Acumen Fund, a pioneering nonprofit global venture firm addressing poverty across Africa and in South Asia, hosted an event on Monday to introduce the first class of Acumen Pakistan Fellows, according to a statement.
In partnership with JS Bank, the Mahvash & Jahangir Siddiqui Foundation and the Edmond de Rothschild Foundations, Acumen is working to develop the next generation of social change leaders who are building innovative businesses and strong institutions across Pakistan, it said.
Twenty individuals have been selected out of over 500 candidates to participate in this year-long training, while simultaneously continuing to pursue their social impact initiatives.
Fellows’ initiatives range from creating an interest-free microfinance institution, to a disaster relief project, to a teaching training programme, it said.
In addition to a presentation given by the newly-selected Pakistan Fellows, the launch event featured remarks by Jacqueline Novogratz, founder and chief executive officer of Acumen Fund, and Firoz Ladak, executive director of Edmond de Rothschild Foundations.
‘Tis the season for exceptional graduation speeches, in which cultural icons bequeath their life’s wisdom to a new generation of, ideally, hungry-eyed thinkers and doers — icons like Neil Gaiman, David Foster Wallace, Ellen DeGeneres, Aaron Sorkin, Barack Obama, Ray Bradbury, J. K. Rowling, Steve Jobs, Robert Krulwich, Meryl Streep, and Jeff Bezos. This month, one of my big heroes, Acumen Fund founder Jacqueline Novogratz, addressed departing Gettysburg College seniors and imparted upon them, through anecdotes from her own remarkable story, a handful of beautiful aspirations to live by, summarized below.
NEW YORK--Impact investing is drawing more attention from philanthropists excited by the possibility that their donations can both help people and support businesses with a social mission. Jacqueline Novogratz, chief executive of the Acumen Fund, speaks with Wealth Management at WSJ.com about the field, her fund and how impact investing can fit into a client's overall giving strategy.
What's the difference between someone with a good idea and a person who can transform their ideas into real impact? To tackle the world's biggest problems, we need to be able to identify and support the people who are capable of creating lasting change. At Acumen Fund, we spend a lot of time trying to find and train aspiring and established leaders from around the world who have the right mix of talent, ideas, and passion.
This article is the cover story of the December 19, 2011 issue of Forbes.)
Bahawalpur in eastern Pakistan is known for magnificent palaces built during the British Raj, but in the dusty part of town where most of the 400,000 residents actually live, four dozen farmers have gathered in the decidedly unpalatial concrete building that houses the local branch of the National Rural Support Programme Bank. Their darkened, sun-creased faces testify to the toll of tilling soil in one of the hotter places on Earth (at 11 a.m. in mid-June it’s already heading toward 105 degrees); many twist their hair into head scarves, and all don cotton tunics known as kurta.
Jacqueline Novogratz founded and leads #Acumen Fund, a nonprofit that takes a businesslike approach to improving the lives of the poor. In her new book, The Blue Sweater, she tells stories from the new philanthropy, which emphasizes sustainable bottom-up solutions over traditional top-down aid.
#TED #Change #People #Women #GOOD
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"Dewan P N Chopra & Co., Chartered Accountants takes its genesis from the firm Dewan P N Chopra, Advocate, Supreme Court of India, that was constituted over seven decades ago. The firm was headed the late Dewan P N Chopra, who was one of the leading Tax Consultants of India.
The firm is now headed by his son, Dewan Anil K. Chopra, the firm is actively...
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