In April 2017 we became a partner of Acumen. Acumen makes patient long-term debt or equity investments in early-stage companies providing reliable and affordable access to agricultural inputs and markets, quality education, clean energy, healthcare services, formal housing, and safe drinking water to low-income customers.
The patient capital Acumen provides is accompanied by a wide range of support services to scale. Its aim in investing patient capital is not to seek high returns, but rather to jump-start the creation of enterprises that we look forward to be a partner of Acumen and to and to work more closely together.
“It starts by standing with the poor, listening to voices unheard, and recognizing potential where others see despair. It demands investing as a means, not an end, daring to go where markets have failed and aid has fallen short. It makes capital work for us, not control us.”
Part of the Acumen manifesto
We are working together with Dasra in a “Dasra Giving Circle”. This platform brings together funders to create a community of givers who make funding decisions and support selected organisations through a process of cross learning and consensus building. Each circle comprises of eight to ten funders who pool their financial resources as well as business and management acumen to help a selected non-profit reach impact at scale. Dasra works closely with the organisation for a period of three to four years to build its institutional capacity and helps utilise the funding received. It also organises a quarterly conversation between the giving circle members and the non-profit, where the latter reports on progress and seeks inputs on challenges faced in the process.
Dasra is India’s leading strategic philanthropy foundation focused on creating large-scale social change toward a transformed India where a billion thrive with dignity and equity. Founded in 1999, Dasra accelerates social change by driving collaborative action and powerful partnerships with funders, social enterprises and other key stakeholders. Dasra works on a range of challenges in India including empowering adolescents, sanitation and governance.
We are excited to work with Dasra over the next three years in order to help the non profit organization ARMMAN scale up and continue the important mission of helping pregnant women, mothers and children in the first five years of their lives.