n.05_September_October.2009.Englisch._

• WORKINGWORlDNAMESANDNEWS

------------------------Anewwarof

1ooklna:at

forelgnald:

Jacquellne

Novogratz

tTfli!i

J

aequeline Qvograrzoncehada sueeessfuleareer
ininrernarionalfinanee.Sheworkcdarsuchinstitu-
tionsasChaseManhattanRankundtheRockefeIler
·FQuodacion.ThcnNovograrzbeeamedisillusioned,
findiogtheorganizationsburC3ttenHicandconde-
sr,::cndin2·
So,in2001,the:lmbitiousAmerieansetupAellmCll
Fund,a"sodalyenrur,"capjral"organization.Aellmen
Fundtakesdonatjonsfromphihmr.hropistsandinvests
therninsrnalJbusinessestharaimtoreduecpoverryin
r.hedevclopingworld.
AcumenFundeurrcntlymanagesmorelhan$30mil-
lionIIIinvesnnenrsinSouthAsiaandEastAfrica.All
provideaffordablemedicalcare,warer,hornesanden-

$50,000,000,

Estimatedpurchasing

powerofAfrican

immigrants inthe US

6 BusinessSpldigtlt

ergytothepoor.Thefundmaybesmallinvalue,but

itstrainingandmemoringprogrammeisplayinganim-

portantroleinencouragingt'otrepreneurshipindeve!-

opingcountries.Andtheorganizarion'smerhods are

!eading toreal debatc among devclopmenr expcrts

abourtheroleoEmarketforcesandaccountabiliry.

Novogratzsaystheeueremcrisisincapitalismprovcs

ir'sneeess<lrytumakearadiealchangeinthewaythe

worlddealswichpoverry."Thefinancialsystemisbro-

ken,yes,burso,roo,isthe.aiQs}'stem,"shecoldThe

Ecollomist.Shebdieves"amomentoEgreatinnova-

tion"is ver)'dose.

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