Archive for July, 2006

Yasmina writing from Delhi… Mumbai train bombings

Friday, July 28th, 2006

India - woman, children wading in river2.jpgYasmina Zaidman, our Water Portfolio manager, was recently in Delhi during the bombings. Here she shares her immediate reaction and reflections…

Within the last few hours news began streaming in that seven bomb blasts had gone off in Mumbai, killing more than a hundred people and injuring many times that number. As I sit in the Delhi airport waiting for my flight home, the numbers are being updated. Now it’s eight bomb blasts and 146 killed. Some of my fellow travelers are glued to the screen, and trying to get calls through to loved ones or colleagues, while others seem indifferent, as though this is business as usual. As far as I know, this is the biggest bombing since a series of blasts in 1993. I have been reading about the previous attacks in a current bestseller, Maximum City, and somehow as I was reading, the bombs seemed like a part of ancient history, some distant turbulent past. But now the past I was reading about is all too relevant to the present. (more…)

Celebrating success, collectively

Thursday, July 27th, 2006

VPP copy.jpgCheck out this piece on Venture Philanthropy Partners that highlights six years of hard earned successes in building local community institutions in Washington, DC using a venture capital-like approach. Mario Morino is a friend of Acumen Fund and an extraordinary leader. I share the article with you because it captures so many lessons that are relevant to building and scaling nonprofit institutions. I share Mario’s letter to his community because it reflects the kind of leader that he is - one who moves from a place of humility and inclusion and is always asking questions rather than believing he has all the answers. We need more leaders like him at all levels of society. Our hat is off to Mario and his entire team and there is much to learn from the work of VPP. (more…)

Voices from the slums

Monday, July 24th, 2006

As the Housing Portfolio manager, I am constantly excited to see the entrepreneurialism of residents of slums, who are taking initiative to improve their own lives. A case in point was the striking presence of residents of slums themselves at this year’s World Urban Forum III, sharing their success stories in their own voices. The power of their attendance was notable – whereas the discussion rooms were often full, they were more than overflowing for those panels on the plight of the residents of slums and their new ideas for change. (more…)

Buying power at the BOP

Thursday, July 20th, 2006

India - boy and girl at pump.jpgThis is a good article on Bottom of the Pyramid opportunities, and our friend and advisor Allen Hammond is included as an expert on what is happening around the world. We are constantly looking for such viable business models that can enable the poor to make their own decisions around healthcare, clean water and housing.

The New York Times references Acumen Fund as an innovative bottom-up approach

Monday, July 17th, 2006

It is exciting to see Acumen Fund featured in The New York Times in an article on building businesses at the bottom of the pyramid.

Fighting Poverty With $2-a-Day Jobs
By DANIEL GROSS
Published: July 16, 2006

JACQUELINE NOVOGRATZ, a veteran of the Rockefeller Foundation and a former consultant to the World Bank, talks enthusiastically about the development of a company in Africa where some 2,000 women earn, on average, $1.80 a day producing antimalarial bed netting. With the assistance of a $350,000 loan from an American investor, the business started making the nets nearly three years ago and is likely to add 1,000 more jobs within the next year… For full article click here