$16M INVESTED SINCE 2002 IN BREAKTHROUGH INNOVATIONS
15 COMPANIES PROVIDING CHOICE NOT CHARITY
4.8M LIVES IMPACTED JOBS CREATED & HOUSEHOLDS SUPPORTED
88 EMERGING LEADERS TRAINED
THE PROBLEMWhile Pakistan has experienced rapideconomic development in recent years, morethan 60% of Pakistan’s 182 million people stilllive on less than $2/day. More than 80% live onless than $4 a day. For much of the country,basic goods and services and access to marketsremain out of reach.
THE OPPORTUNITYSocial enterprises are important drivers ofeconomic and social progress. With more than70 percent of the country’s population under theage of 30, Pakistan’s youth are poised to becometomorrow’s entrepreneurs whose companies willbe important sources of innovation, employmentand productivity growth.
THE SOLUTIONIncubating and investing in startups withthe capacity to make both markets and thegovernment systems work better for the poorwill generate sustainable, long-term solutionsto poverty and build a more equitableeconomy for all.
$100-250K investments (such asgrants, equity or other capitalstructures) help startupsvalidate assumptions, bringproducts and services to market,and begin to grow and scale..
ACCESS TO EXPERTISE
Our companies have access toour expertise and a network ofadvisors with deep insight intosectors, channels and customersin these communities.
POST-INVESTMENT SUPPORT
We offer active post-investmentsupport in the areas of strategy,governance, customer insights and fundraising.
Investing philanthropiccapital in a social enterprise’searliest stages helps de-riska company so it can attract more traditional, follow-on investment.
FOLLOW-ONCAPITAL
SEED ANDSERIES AINVESTMENTS
OUR INVESTING APPROACHWe look for companies at the earliest stages of innovation that are creating real commercial value while driving lasting social impact. Unlike a traditional nonprofitor a VC, we invest philanthropic dollars, rather than give them away, into extraordinary entrepreneurs committed to improving the lives of Pakistanis living in poverty.
We invest in companies focusedon integrating smallholder farmersinto global supply chains and providing them with access to better products that allow them to sustainably increase production and sell more crops.
We invest in pioneering clean energysolutions that include: high-qualityhousehold solar products, energygeneration and mini-grid systems,and technological innovations suchas pay-as-you-go platforms andsmart metering.
We invest in companies that focuson housing supply and financing forlow-income communities, such as:housing alternatives for squatters,micro-lending for women andformalizing land rights for the poor.
ENERGY
AREAS OF INVESTMENTOur investments focus on four sectors critical to helping low-income Pakistanis out of poverty: agriculture, energy, housing and water.
AGRICULTURE HOUSINGWe invest in companies that are helping repair Pakistan’s education system by creating affordable, high-quality educational solutions for low-income students and families.
EDUCATION
PAKISTANAcumen is harnessing the power of entrepreneurship to disrupt poverty in Pakistan and build sustainable models to move millions out of poverty.
Photo: A view of Kashf Foundation gathering, Pakistan.
AKRSP, Energy
Amal Academy, Education
Ansaar Management Company, Housing
Jassar Farms, Agriculture
Kashf Microfinance Bank, Housing
Kashf School Sarmaya, Education
Kashf Holding Company, Housing
Microdrip, Agriculture
Nasra Public Schools, Education
Nizam Energy, Energy
NRSP Bank, Agriculture
Pharmagen, Water
SRE Solutions, Energy
Saleem Ahmed, Administrative Associate
Osman Anwar, Senior Associate, Portfolio
Ruqayya Diwan, Portfolio Associate
Yusra Gilani, Legal Counsel
Saima Irtiza, Associate Director, Fellows Program
Asad Jafri, Portfolio Associate
Mahreen Khan, Associate Director, Business
Development and Communications
Kinza Mahmud, Pakistan Fellows Associate
Sheikh Noorullah, Global Agriculture Lead
Abdullah Saqib, Global Fellows Associate
Khubaib Saddiqui, Portfolio Associate
Naeem Zamindar, Pakistan Country Director
OUR COMPANIES
FELLOWSHIP PROGRAMOur highly-selective Pakistan Fellows program was started in 2012 to develop emerging leaders to address the country’s most pressing social issues. Everyyear, we select approximately twenty individuals from around the country to participate in five week-long seminars where they are equipped with theknowledge, support systems and skills to innovate new ideas, work across lines of difference and inspire their communities to believe in a brighter future.
These fully-sponsored, one-year programs are designed to improve participants’ capacity to innovate and make change while allowing them to remain in theirfull-time jobs. To date, we have graduated 69 Fellows alumni and currently have an active class of 20. Learn more at acumen.org/leadership.
40 Worth Street, Suite 303 · New York, NY 10013, U.S.A. · Phone: +1 (212) 566-8821 · Fax +1 (212) 566-8817For more information visit www.acumen.org
Acumen is a 501(c)3 organizationCopyright © 2016 Acumen · A0716
OUR BOARD OF DIRECTORSOUR TEAMJacqueline Novogratz, Founder
Farrukh Khan, Chief Business Development Officer
Zaffar A. Khan, Chairman
Carlyle Singer, President
Zubyr Soomro, Regional Advisor
Naeem Y. Zaminda, Pakistan Country Director
OUR PARTNERSWe have more than 40 partners in Pakistan who share our belief that business can play an essential role in addressing social issues and that everyone shouldhave an equal opportunity to pursue a better life.
ABOUT ACUMEN IN PAKISTANAcumen Pakistan is incorporated under Section 42 (1) of the Companies Ordinance 1984, as a public guarantee limited company not having a share capital, withlimited liability. In terms of the license, dated November 10, 2006, granted to Acumen Pakistan, by the Securities and Exchange Commission of Pakistan (SECP),it is licensed as a not for profit company. The license restricts Acumen Pakistan from applying its profit and income only towards the objects mentioned in itsconstitutive documents and from paying out any dividend or profit to its members. Acumen Pakistan is affiliated and funded by Acumen Fund, Inc. (Acumen) aNew York not-for-profit corporation classified as a public charity under s. 501 (c) (3) of the Internal Revenue Code.
On August 20, 2008, Acumen Pakistan was granted approval by the Federal Board of Revenue (FBR) under Section 2 (36) (C) of the Income Tax Ordinance 2001(Ordinance). This allows Acumen Pakistan’s donors to obtain a tax credit on the amount donated. On October 6, 2010 Acumen Pakistan was also granted approval bythe FBR under Section 58 (3) of the Second Schedule of the Ordinance. This allows Acumen Pakistan an exemption on business income.
Auditors & Legal Advisors:A. F. Ferguson & CoHaidermotaBNRIjaz Ahmed & Associates
Acumen InformationSECP Registration number: 0058740National Tax Number: 2846119Phone Numbers:Head Office, USA:T: +1 (212) 566-8821, Fax: +1 (212) 566-8817Regional Office, Pakistan:T: +92(21) 3584-6430-32, F: + 92(21) 35846490
Associated UndertakingsSRE Solutions (Private) LimitedNPS (Private) LimitedMinutes of the Annual General Meetings: [link]Membership of Industry Associations andTrade Bodies: KCCI Membership No. 88822Website updated on: XXXX, XX 2016
Auditors & Legal Advisors:A. F. Ferguson & CoHaidermotaBNR Ijaz Ahmed & Associates
Our highly-selective Pakistan Fellows program was started in 2012 to develop emerging leaders to address the country’s most pressing social issues. Everyyear, we select approximately 20 individuals from around the country to participate in five week-long seminars where they are equipped with theknowledge, support systems and skills to innovate new ideas, work across lines of difference and inspire their communities to believe in a brighter future.
These fully-sponsored, one-year programs are designed to improve participants’ capacity to innovate and make change while allowing them to remain in theirfull-time jobs. To date, we have graduated 88 Fellows alumni and currently have an active class of 20. Learn more at acumen.org/leadership.
OUR PARTNERSWe have more than 40 partners in Pakistan who share our belief that business can play an essential role in addressing social issues and that everyone should have an equal opportunity to pursue a better life.
OUR COMPANIES
FELLOWSHIP PROGRAM
OUR BOARD OF DIRECTORS
11-C, 4th Floor, 1st Commercial Lane, Shahbaz Commercial Area, Phase VI, DHA · Karachi, Pakistan Phone: +92 (21) 3584 6430-2 · Fax +92 (21) 3584 6490 · For more information visit www.acumen.org
Copyright © 2017 Acumen · A0317
ABOUT ACUMEN IN PAKISTANAcumen Pakistan is incorporated under Section 42 (1) of the Companies Ordinance 1984, as a public guarantee limited company not having a share capital, with limited liability. In terms of the license, dated November 10, 2006, granted to Acumen Pakistan, by the Securities and Exchange Commission of Pakistan (SECP), it is licensed as a not-for-profit company. The license restricts Acumen Pakistan from applying its profit and income only towards the objects mentioned in its constitutive documents and from paying out any dividend or profit to its members. Acumen Pakistan is affiliated and funded by Acumen Fund, Inc. (Acumen) a New York not-for-profit corporation classified as a public charity under s. 501(c)3 of the Internal Revenue Code.
On August 20, 2008, Acumen Pakistan was granted approval by the Federal Board of Revenue (FBR) under Section 2 (36) (C) of the Income Tax Ordinance 2001 (Ordinance). This allows Acumen Pakistan’s donors to obtain a tax credit on the amount donated. On October 6, 2010 Acumen Pakistan was also granted approval by the FBR under Section 58 (3) of the Second Schedule of the Ordinance. This allows Acumen Pakistan an exemption on business income.
Acumen InformationSECP Registration number: 0058740 National Tax Number: 2846119 Pakistan Centre of Philanthropy Certification No. 2010/176Head Office, USA: T: +1 (212) 566-8821, Fax: +1 (212) 566-8817Regional Office, Pakistan: T: +92(21) 3584-6430-32, F: + 92(21) 35846490
Associated UndertakingsSRE Solutions (Private) LimitedNPS (Private) Limited Minutes of the Annual General MeetingsMembership of Industry Associations and Trade Bodies: KCCI Membership No. 88822Website updated on: November 16, 2016
Amal Academy, Education
FINCA Microfinance Bank, Housing
Kashf School Sarmaya, Education
Kashf Holding Company, Housing
Microdrip, Agriculture
Nasra Public Schools, Education
Nizam Energy, Energy
NRSP Microfinance Bank, Agriculture
Pharmagen, Water
SRE Solutions, Energy
AKSRP*, Energy
Ansaar Management Company*, Housing
Zoha Arshad, Business Development & Communications Associate
Yusra Gilani, Legal Counsel
Umair Hussain, Finance Manager
Asad Jafri, Senior Portfolio Associate
Ayesha Khan, Associate Director, Portfolio
Kinza Mahmud, Fellows Associate
Sheikh Noorullah, Global Agriculture Lead
Imran Sarwar, Regional Fellows Manager
Khurram Shahid, Portfolio Manager
Adnan Siddiqui, Portfolio Analyst
Saad Sultan, Executive Assistant & Administrative Associate
Naeem Zamindar, Pakistan Country Director
Jacqueline Novogratz, Founder & CEO
Farrukh Khan, Senior Director of Business Development
Zaffar A. Khan, Chairman
Carlyle Singer, President
Zubyr Soomro, Regional Advisor
Naeem Zamindar, Pakistan Country Director
OUR TEAM
* INACTIVE (INCLUDES EXITS AND WRITE OFFS)