It has been a busy summer and as you have most likely noticed the name of the fund has changed. The fund formally known as the Human Capabilities Fund is now Peace, Health etc.!
The number of people working to make Peace, Health etc. as compelling as possible has expanded. New students have become involved with Peace, Heath etc. in an effort to make the fund more accessible to youth. The more people that get involved and spread the world about the incredible organizations and ideas that make up Peace, Health etc. the better.
Also, in order to allow for a more flexible format we are currently exploring using Multiply as a third party website creator for Peace, Health etc.. To see our progress visit www.peacehealthetc.multiply.com
Approaching our original goal, we would like to reset expectations and stretch to double them. It’s working, so let’s aim higher. Core holdings for the next period are now set, and we will look for other investments to round out the portfolio. Your financial support is always appreciated, and so is your willingness to spread the word.
Feedback suggests that families have found it useful to look the fund over together, so encouraging families you know to consider spending some time here would be particularly useful.
Thank for you the very strong financial support so far! We are working with several new project possibilities and anticipate some exciting new additions in the next few months.
We have completed a 3-part investment cycle with KickStart, and are graduating it from the fund. Emeritus if you will. The Human Capabilities Fund helped catalyze the involvement of New Profit Inc. (their first international investment), and KickStart continues to do great things on a larger scale.
The Human Capabilities fund is adding its 4th investment: The Entrepreneurial Leadership Pool at the American University in Bulgaria. (See prospectus for more.)
Read about the progress made by the human capabilities fund projects.
KickStart's Impacts To Date:
• 50,000 new businesses started
• 800 new businesses per month
• $52 million a year in new profits and wages generated by the new businesses
• New revenues equivalent to more than 0.6% of Kenya's GDP and 0.25% of Tanzania's GDP
Here is a link to an interesting article about Nick Moon and KickStart: http://www.dw-world.de/dw/article/0,2144,2312165,00.html
Women for Women leadership convened in Rwanda during April to work on the strategic plan with a particular emphasis on how economic opportunity fits into the organization’s future. Helping women in war torn regions move from “victim to survivor to active citizen” is the goal.
The more mature Bosnia operation is likely to develop as a leader in the back-end economic opportunity efforts over time.
The Global Health Project has benefited from a “listening tour” by Jim Kim as he has been out and about asking for feedback on the initial set of ideas. The team has assembled in the new Harvard School of Public Health FXB Center offices, and has started to generate a promising talent pipeline. Rebecca Weintraub has come on board to direct the project, coming from both an entrepreneurial background given her participation in the founding of the wildly successful nonprofit Jumpstart, and a healthcare pro given her experience at Brigham and Women’s as a physician.
The vision here has an academic hub component, a methodology/technology for collecting and disseminating the learning from the field, and actual projects on the ground that serve patient needs.
Thanks go out to all those who have helped the Human Capabilities Fund to get off to such a fast start!
We’ve just posted a new project from Women for Women (see link below). It supports their efforts to scale a microfinance program in Bosnia that has successfully proven its model over the last few years. The next step is to roughly double the portfolio in two years, while building the systems that will maintain overall quality. If successful, the learning will be brought to other WFW locations.
The Global Health Delivery initiative (see link below) featuring Partners in Health is in a very active stage. Paul English (Kayak.com founder) has just pulled together a team that has already made some excellent progress towards the technology goals. They hope to link health professionals on the ground into a network hub at Harvard Medical School and the Brigham and Women’s Hospital in Boston. And the case writing efforts (aimed at the training bottleneck) are getting underway.
KickStart is ending the year well. They sold their 70,000th irrigation pump, and the new $35 Hip Pump is starting to gain traction. Martin Fischer reports, “The rains in Tanzania ended abruptly this year, but thanks to our pumps, hundreds of farmers were able to save their crops and save their families from poverty and starvation.” See their GlobalGiving project link below.
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