Acumen Fund just issued a press release announcing new investments in Pakistan: Jassar Farms and AMC.
We’ve talked previously about Jassar Farms in the context of our new Agriculture Portfolio. Jassar Farms is focused on producing high quality, affordable inputs to help poor farmers improve breeding of livestock and increase milk productivity.
Our latest investment in housing is Ansar Management Company (AMC), a housing development company that builds off our past work with Saiban in Pakistan to create much-needed housing for low-income consumers. As much as houses and infrastructure, AMC is focused on building community — the company is making sure residents are invested in living there, creating ownership in the truest sense of the word.
AMC represents the evolution of a rising leader as well. The entrepreneur behind the investment is Jawad Aslam, a former Acumen Fund Fellow, who has taken his learning and commitment (he is building a home in the community for his own family) to start AMC. By investing capital (and giving him access to additional Fellows to support his work), Acumen Fund is betting on his ability to succeed.