Choosing a superhero: Jacqueline Novogratz
The Acumen Fund is patient capital. They invest money in companies run by and for the developing world. If those investments pay off, they take the profit and do it again. Trade, not aid. Creating infrastructure through commerce, teaching people to be self sufficient.
Jacqueline isn't particularly well known, but that's because she keeps a low profile, not because she isn't making a difference. This page will give you an overview of the work she's doing now.
Jacqueline Novogratz, organizer, motivator, ruckus-maker
Before developing Acumen Fund, Jacqueline served as Manager of Special Projects at the Rockefeller Foundation, where she created and directed The Philanthropy Workshop, an international philanthropic education program that built a network of 100 philanthropists in the U.S. and Argentina; and The Next Generation Leadership, a program focused on building a corps of 21st century leaders. She has also worked at the Joyce Mertz-Gilmore Foundation.
Jacqueline founded the first bank by and for women in Rwanda. She has worked as a consultant to UNICEF and the World Bank in various African countries. Jacqueline began her career in International Banking and holds an MBA from Stanford University and a BA from the University of Virginia.

Building a new world
Jacqueline Novogratz on Wikipedia
Jacqueline Novogratz is founder and CEO of Acumen Fund, a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. Acumen Fund seeks to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Acumen Fund currently manages more than $30 million in investments in South Asia and East Africa, all focused on delivering affordable healthcare, water, housing and energy to the poor. The organization also includes the Acumen Fund Fellows Program, focused on building the next generation of business leaders with an understanding of global issues and poverty. The organization has offices in New York, Pakistan, India and Kenya.
Prior to Acumen Fund, Jacqueline founded and directed The Philanthropy Workshop and The Next Generation Leadership programs at the Rockefeller Foundation. She also founded Duterimbere, a microfinance institution in Rwanda. She began her career in international banking with Chase Manhattan Bank. She is currently on the advisory boards of Stanford Graduate School of Business and of Innovations Journal published by MIT Press, and she serves on the Aspen Institute Board of Trustees and as a member of two World Economic Forum Global Agenda Councils, on Social Entrepreneurship and on Water. She is an Aspen Institute Henry Crown Fellow and a Synergos Institute Senior Fellow, and she was recently honored as an Ernst & Young Metro New York Entrepreneur of the Year 2008 award. She is a frequent speaker at international conferences, including the Clinton Global Initiative and the TED conference. She has an MBA from Stanford University and a BA in Economics/International Relations from the University of Virginia. She speaks Spanish and French and has a working knowledge of Swahili.
In March 2009, her book The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World, was published. The book relates how she left international banking for an adventure in Africa that proved the starting point for a career as a social investor with a mission to change radically the way the problems of the developing world are approached.
Jacqueline Novogratz is married to Chris Anderson, the host of TED.

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Jacqueline Novogratz: Tackling poverty with "patient capita
http://www.ted.com - Jacqueline Novogratz is pioneering new ways of tackling poverty. In her view, traditional charity rarely delivers lasting results. Her solution, outlined here through a series of revealing personal stories, is "patient capital": support for "bottom of the pyramid" businesses which the commercial market alone couldn't provide. The result: sustainable jobs, goods, services -- and dignity -- for the world's poorest.
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Shout Out For Jacqueline Novogratz!
Share your stories, sightings, thoughts, rants, raves...
BFuniv.com wrote...
"The humility to start listening." - Jacqueline Novogratz What a basis for a micro-finance.I love the blending of capitalism and philanthropy.
alicesy wrote...
Excellent Lens. I like the quality insight you have provided here about Jacqueline Novogratz. Keep up the good work.
Please check out my Police Jobs Blog.
JaguarJulie wrote...
What an incredible person ... she is indeed awe-inspiring to the rest of us. How did the Acumen Fund become associated with Squidoo? I'm sure there is an inspirational story there.
Spook wrote...
An almost unbelievably difficult thing to reply to. Having lived most of my life in Africa and also having been profoundly deaf fot 36 years (so I understand prejudice).It,s not the aid that counts, the real tragedy strikes because of unscrupolous leaders. My beloved country Zimbabwe is a perfect example. There's no reason for the people to be poor. It stems from bad leadership. Unfortunatly, most people tend to support the underdog,it's only part and parcel of human nature. However supporting the underdog, all evidence to the contrary not withstanding is a very bad thing. We often used to say that it is aid agencies who cause half the problems,because it teaches simple people to bring out the begging bowls instead of fending for themselves. However having said that it in no ways diminishes from the great humanitarian gift which acumen are providing. However the real problem does not lie there. Look to Rhodesia, we never had a problem with people starving,but the Mugabe was the answer.
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Some inspiring books
The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It by Paul Collier
Global poverty, Paul Collier points out, is actual more...0 points
The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits (Wharton School Publishing Paperbacks) by CK Prahalad
The world's most exciting, fastest-growing new mar more...0 points
Interesting Acumen links
www.ethanzuckerman.com
Ethan Zuckerman interview0 points
Red Herring Interviews Acumen CEO Jacqueline Novogratz | NextBillion.net - Development Through Enterprise
Red Herring Interview0 points
TED | Speakers | Jacqueline Novogratz
TED Speakers Jacqueline Novogratz0 points
www.echoinggreen.org
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More videos!
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