photo: a view of kashf foundation gathering, pakistan ... · imran sarwar, regional fellows manager...

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$16.3M INVESTED SINCE 2002 IN BREAKTHROUGH INNOVATIONS 16 COMPANIES PROVIDING CHOICE NOT CHARITY 10.9M LIVES IMPACTED JOBS CREATED & HOUSEHOLDS SUPPORTED 109 EMERGING LEADERS TRAINED THE PROBLEM While Pakistan has experienced rapid economic development in recent years, more than 60% of Pakistan’s 220 million people still live on less than $2 per day. More than 80% live on less than $4 a day. For much of the country, basic goods and services and access to markets remain out of reach. THE OPPORTUNITY Social enterprises are important drivers of economic and social progress. With more than 70 percent of the country’s population under the age of 30, Pakistan’s youth are poised to become tomorrow’s entrepreneurs whose companies will be important sources of innovation, employment and productivity growth. THE SOLUTION Investing in companies with the capacity to make both markets and government systems work better for the poor will generate sustainable, long-term solutions to poverty and build a more equitable economy for all. Seed Equity and Debt investments: $100k to $250k investments (such as equity, debt or other capital structures) help startups validate assumptions, bring products and services to market and begin to scale and grow. ACCESS TO EXPERTISE Our companies have access to our expertise and a network of advisors with deep insight into sectors, channels and customers in these communities. POST-INVESTMENT SUPPORT We offer active post-investment support in the areas of strategy, governance, customer insights and fundraising. Investing philanthropic capital in a social enterprise’s earliest stages helps de-risk a company so it can attract more traditional, follow-on investment. FOLLOW-ON CAPITAL SEED AND SERIES A INVESTMENTS OUR INVESTING APPROACH We look for companies at the earliest stages of innovation that are creating real commercial value while driving lasting social impact. Unlike a traditional nonprofit or 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 focused on integrating smallholder farmers into 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 energy solutions that include: high-quality household solar products, energy generation and mini-grid systems, and technological innovations such as pay-as-you-go platforms and smart metering. Our investments support a range of solutions to provide affordable, high- quality health care and improve the overall efficiency and effectiveness of medical treatment for low-income families everywhere. ENERGY AREAS OF INVESTMENT Our investments focus on four sectors critical to helping low-income Pakistanis out of poverty: agriculture, education, energy and housing. AGRICULTURE HEALTH We 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 PAKISTAN Acumen 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.

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Page 1: Photo: A view of Kashf Foundation gathering, Pakistan ... · Imran Sarwar, Regional Fellows Manager Khurram Shahid, Portfolio Manager Adnan Siddiqui, Portfolio Analyst Saad Sultan,

$16.3M INVESTED SINCE 2002 IN BREAKTHROUGH INNOVATIONS

16 COMPANIES PROVIDING CHOICE NOT CHARITY

10.9M LIVES IMPACTED JOBS CREATED & HOUSEHOLDS SUPPORTED

109 EMERGING LEADERS TRAINED

THE PROBLEMWhile Pakistan has experienced rapideconomic development in recent years, morethan 60% of Pakistan’s 220 million people stilllive on less than $2 per day. More than 80% live on less 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 SOLUTIONInvesting in companies with the capacity tomake both markets and government systemswork better for the poor will generatesustainable, long-term solutions to povertyand build a more equitable economy for all.

Seed Equity and Debt investments: $100k to $250k investments (such as equity, debt or other capital structures) help startups validate assumptions, bring products and services to market and begin to scale and grow.

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.

Our investments support a range of solutions to provide affordable, high-quality health care and improve the overall efficiency and effectiveness of medical treatment for low-income families everywhere.

ENERGY

AREAS OF INVESTMENTOur investments focus on four sectors critical to helping low-income Pakistanis out of poverty: agriculture, education, energy and housing.

AGRICULTURE HEALTHWe 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.

Page 2: Photo: A view of Kashf Foundation gathering, Pakistan ... · Imran Sarwar, Regional Fellows Manager Khurram Shahid, Portfolio Manager Adnan Siddiqui, Portfolio Analyst Saad Sultan,

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. Every year, we select approximately twenty individuals from around the country to participate in five week-long seminars where they are equipped with the knowledge, 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 their full-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) 566-8817 For more information visit www.acumen.org

Acumen is a 501(c)3 organization Copyright © 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 should have 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, 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.

Auditors & Legal Advisors:A. F. Ferguson & CoHaidermotaBNR Ijaz Ahmed & Associates

Acumen InformationSECP Registration number: 0058740 National Tax Number: 2846119 Phone 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) Limited Minutes of the Annual General Meetings: [link] Membership of Industry Associations and Trade Bodies: KCCI Membership No. 88822Website updated on: XXXX, XX 2016

Auditors & Legal Advisors:A. F. Ferguson & CoHaidermotaBNRIjaz Ahmed & Associates

Our highly-selective Pakistan Fellows program was started in 2012 to develop emerging leaders to support a prosperous and dynamic Pakistan. Every year, we select approximately 20 individuals from around the country to participate in five week-long seminars where they are equipped with the knowledge, 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 their full-time jobs. To date, we have inducted 88 Fellows and currently have an active cohort of 21 Fellows. Learn more at acumen.org/pakistan/fellowships

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/pakistan

Copyright © 2018 Acumen · A0318

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: 0058740National Tax Number: 2846119PCP Certification Number:Phone Numbers:T: +92(21) 3584-6430-32, F: + 92(21) 35846490

Associated UndertakingsSRE Solutions (Private) LimitedNPS (Private) LimitedMembership of Industry Associations andTrade Bodies: KCCI Membership No. 88822

AKRSP,* Energy

Ansaar Management Company,* Housing

FINCA Microfinance Bank, Housing

Kashf Foundation, Education

Kashf Holding Company, Housing

Microdrip,* Agriculture

Nasra Public Schools, Education

Nizam Energy, Energy

NRSP Microfinance Bank, Agriculture

Pharmagen Healthcare, Water

SRE Solutions,* Energy

Yusra Gilani, Legal Counsel

Umair Hussain, Finance Manager

Asad Jafri, Senior Portfolio Associate

Ayesha Khan, Pakistan Country Director

Humza Khan, Assistant 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

Fariha Yousufi, Senior Portfolio Associate

Jacqueline Novogratz, Founder & CEO

Farrukh Khan, Senior Director of Business Development

Zaffar A. Khan, Chairman

Carlyle Singer, President

Zubyr Soomro, Regional Advisor

OUR TEAM

* INACTIVE (INCLUDES EXITS AND WRITE OFFS)

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.