Posts Tagged ‘GEWP’

Photo of the Week from Rob Katz, Portfolio Associate

Tuesday, July 27th, 2010

Installing GEWP Lines

Here at Acumen Fund, we often refer to the direct social impact of our investments: number of bednets soldhealthy babies deliveredseeds sownmicrofinance loans disbursed, etc.  But there are secondary impacts to Acumen’s investments, too – most notably, employment.

I snapped this photo of a young man, whose name I didn’t catch, taking a quick break at the end of a long day installing a Global Easy Water Products drip irrigation system.  I visited the farm, a 4-hour drive outside Aurangabad, last May, as the thermometer topped 45 degrees Celsius.  Despite the heat, farmers like Ramakrishnan Mahajan must quickly sow their fields and set up their irrigation systems during a short cotton-planting window – which is why he asked his GEWP sales rep to hire a group of six local farmboys to lend a hand.  Each of the boys – including the one pictured here – earned 200 rupees per day over 2 days of work.  For those keeping track at home, that’s about USD $4.50 per worker, per day.

Since 2003, Global Easy Water Products reports that its customers have paid for more than 410,000 man-hours of installation labor.  At rates similar to what Mr. Mahajan paid his crew, that’s more than USD $225,000 of employment income being plowed back into the local economies of Maharashtra, Madhya Pradesh, Gujarat, Andhra Pradesh, Karnataka and Tamil Nadu.

Now if only this worker had a bottle of clean, fresh WaterHealth International branded Dr. Water to cool him down after the work was done…but that’s the subject of another photo for another day.

Rob Katz is a Portfolio Associate at Acumen and co-founder of NextBillion.net.

The Photo of the Week series features images chosen by Acumen Fund staff and community members — favorite photos they’ve taken in the field or pulled from the archive. Look for it every Tuesday.

Another round-up: Upcoming awards and events

Tuesday, February 9th, 2010
  • Investee VisionSpring will be honored with the CASE Award for Social Enterprise Innovation from Duke University.
  • IDE India, the organization behind our drip irrigation investment GEWP, will be featured in an upcoming BBC World News series. More details on where/when to watch, but in the meantime, you can catch a preview here.
  • If you’re in the New York area, Jacqueline Novogratz will be speaking at the New School on February 17. The event is open to the public; RSVPs are required.

News Round-up: Speaking of Faith, food, Fellows and for-profit business

Wednesday, February 3rd, 2010
  • CEO Jacqueline Novogratz was interviewed recently for the NPR program Speaking of Faith with Krista Tippett. Check out the show’s website for a podcast and lots of supplementary material.
  • In a special section on business and food security, the Financial Times featured two Acumen Fund investments: drip irrigation company GEWP here and nutrition company Insta here. Similarly, the Global Alliance for Improved Nutrition (GAIN) includes an interview with Acumen Fund’s Ajay Nair in its latest newsletter.
  • Talent Manager Blair Miller was recently interviewed on Dubai radio about the Fellows program.
  • An Outlook Business article profiles GEWP, PVRI and other for-profit businesses serving our target market in India.
  • There’s still time to order your Book Club in a Box! Get yours now and share The Blue Sweater with others.

News Round-up: Responsibility Pioneers, Ripple Effect, Ecotact, GEWP, Pulse

Monday, September 14th, 2009

Time for responsibility: As part of a special section on community service and responsibility, Time magazine just put out a list of “Responsibility Pioneers.” Acumen Fund is among them, along with investee D.Light Design, and peer organizations like KickStart, Ashoka and Living Goods. (Full list here.)

Ripple Effect makes a splash: IDEO and Acumen Fund have been partnering around innovation in the water sector, as this story on Forbes.com highlights.

Ecotact in the news: This video on CNN.com showcases the work of Acumen Fund investee Ecotact, which provides sanitation services in Kenya, as well as David Kuria, the entrepreneur behind the organization.

Outlook on GEWP: Outlook India recently featured this article on the success of drip irrigation and GEWP.

The pulse of Pulse: VentureBeat looks at the development and progress of Pulse as a platform for metrics in the social investing space.

Help wanted: Corporate Strategy Intern for GEWP

Monday, September 7th, 2009

Global Easy Water Products (GEWP), an Acumen Fund investee in our Agriculture Portfolio in India, is currently recruiting a qualified Corporate Strategy Intern to help the company build a new 5-year business plan and financial model. This is an exciting opportunity to work directly with the Managing Director and Board of Directors of the company to shape its future direction.

GEWP is the exclusive distibutor for KB Drip, a line of micro-irrigation products that drastically increase yields and incomes for small farmers, as well as reduce water and energy consumption by 30-70%. The company currently distributes through over 600 dealers in seven states in India, as well as exports across Asia, Africa and Latin America. GEWP has witnesses remarkable growth over the past two years and has proven that enterprises can operate profitably, while having a tremendous impact on poverty. The company is, therefore, revising its 5-year business plan and financial model to account for new growth opportunities.

The intern would be based in Aurangabad and/or Hyderabad for a period of eight weeks. To apply: Check out this position description, and send a cover letter and CV to khill@acumenfund.org, with “Application for GEWP Corporate Strategy Intern” in the subject line.