Acumen is a nonprofit organization established in 2001 and based in New York City, with additional offices in Mumbai, Nairobi, Karachi, and Accra. The organization is dedicated to poverty eradication by raising charitable funds to invest in early-stage companies that provide essential services such as clean energy, healthcare, education, agricultural inputs, formal housing, and safe drinking water to low-income communities. Acumen has made significant investments totaling $128 million in 128 companies across 14 countries, impacting the lives of over 308 million individuals. The organization collaborates with notable partners, including the Rockefeller Foundation, the Bill & Melinda Gates Foundation, and Google.org, to address critical challenges faced by underserved populations.
Director of Communications and Strategic Partnerships
Past deals in Pakistan
Kashf Foundation
Debt Financing in 2016
Kashf Foundation, established in 1996, is a leading microfinance institution in Pakistan dedicated to empowering poor women and their families through financial services. The foundation has disbursed $202 million in loans, reaching over one million individuals and providing them with access to essential financial capital. Its offerings include general, business, and home improvement loans, along with insurance products, all aimed at improving the economic status of low-income households. By focusing on women's economic self-reliance, Kashf Foundation fosters entrepreneurship and enhances the overall well-being of its clients.
Global Easy Water Products
Venture Round in 2013
Global Easy Water Products (GEWP) specializes in distributing affordable irrigation technologies aimed at enhancing the productivity and income of smallholder farmers. By providing drip irrigation products, including drip tapes, sprinklers, and various components like fertilizer tanks and valves, GEWP has enabled farmers in India to increase their crop yields by 30 to 70 percent. The technology also promotes significant water savings, ranging from 30 to 50 percent. Additionally, through innovative technology transfer initiatives, GEWP's products are now being utilized by small-scale farmers in Pakistan, further expanding their impact on agricultural efficiency and farmer livelihoods. Overall, GEWP plays a crucial role in improving agricultural practices and economic outcomes for farmers in these regions.
National Rural Support Program
Venture Round in 2011
National Rural Support Program (NRSP) Microfinance Bank is the first agency to provide financial services to rural, agricultural markets in Pakistan. With 120 million people in Pakistan dependent upon agriculture and lacking financial services, NRSP Microfinance Bank plans to focus on rural communities of highest need and serve nearly 625,000 borrowers in the next five years.
Pharmagen Healthcare Limited
Venture Round in 2010
Pharmagen Limited is a Pakistani incorporated, Public Limited (non quoted) Company, which was established in 1990 for undertaking pharmaceutical business and over the years it has become the leading producer of APIs (Active Pharmaceutical Ingredients) in Pakistan. Sponsored by a group of highly dedicated professionals and technocrats having 13 years proven experience of successfully promoting and managing sophisticated pharmaceutical bulk drug projects we currently are undoubtedly the leading bulk drug producer in Pakistan manufacturing a broad range of antibiotics. Dynamism and professionalism has been the cornerstone of our growth through the years. Our success has sprung from a collective determination to excel in providing high quality and diverse products based on achieving high customer satisfaction.
Ansaar Management Company
Venture Round in 2009
Ansaar Management Company specializes in the development of quality and affordable housing for low-income families in Pakistan, focusing on underserved markets. The company is committed to enhancing living standards by creating sustainable housing solutions that integrate both physical infrastructure and essential social services. In addition to housing development, Ansaar Management Company has established partnerships with local banks to provide mortgage facilities, making home ownership more accessible for its clients. Furthermore, the company supports community development by funding schools and community centers through charitable initiatives, thereby contributing to the overall well-being of the communities it serves.
Micro Drip
Debt Financing in 2008
Micro Drip specializes in providing affordable drip irrigation technology to smallholder farmers in Pakistan. The company's systems significantly reduce water usage, allowing farmers to cultivate an acre of land with 50 percent less water, while simultaneously enhancing crop yields by 40 percent and decreasing input costs by 30 percent. This innovative approach supports year-round farming, helping to prevent the migration of farmers and their families during dry seasons. Micro Drip has already assisted over 3,000 farmers and aims to expand its impact to more than 20,000 farmers within the next five years. The drip irrigation systems are designed for ease of deployment and maintenance, requiring minimal technical knowledge, which empowers local farmers to improve their agricultural productivity.
Micro Drip
Seed Round in 2008
Micro Drip specializes in providing affordable drip irrigation technology to smallholder farmers in Pakistan. The company's systems significantly reduce water usage, allowing farmers to cultivate an acre of land with 50 percent less water, while simultaneously enhancing crop yields by 40 percent and decreasing input costs by 30 percent. This innovative approach supports year-round farming, helping to prevent the migration of farmers and their families during dry seasons. Micro Drip has already assisted over 3,000 farmers and aims to expand its impact to more than 20,000 farmers within the next five years. The drip irrigation systems are designed for ease of deployment and maintenance, requiring minimal technical knowledge, which empowers local farmers to improve their agricultural productivity.
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