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

July 17, 2006 in Acumen News by Clara Barby | No comments

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

pageTracker._initData(); pageTracker._trackPageview();