Acumen is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of poverty. It also has its regional office in Pakistan as well. Now Pakistan Acumen Company Gets funds from two UK companies. Real Equity for All (Reall), and also Places for People (PfP) choose Acumen to enter into Pakistan.
Pakistan Acumen Company Gets funds from two UK companies
Reall has chosen AMC to get enter into Pakistan. Currently, it is working in more than 20 countries. A UK based property development company, PfP, is also making its way in South Asia through AMC.
“This is in incredible opportunity for us. but it’s also a great opportunity to prove that social enterprises can work in Pakistan,”
said Nadir Ahmed, AMC’s Chief Financial Officer.
Acumen is Pakistan’s only social impact investment fund established in 2002. Moreover, Acumen uses patient capital to build businesses. These investments that are high risk, flexible and have a longer time threshold. Acumen first invested in AMC in 2009 and now two UK companies invested in Acumen.
“Our investment and support to AMC has demonstrated that social impact enterprise can solve the housing problem. Especially for the poor in a scalable and profitable way. This has now attracted international investors that can provide the financing and expertise to massively scale up AMC to bridge the housing gap for the poor. We are excited by this validation and encouraged to confidently move forward with our investing activity in ventures. That are going to solve the energy, education and healthcare gaps and enhance livelihood for farmers to tackle poverty and give them a life of dignity and choice”
said Naeem Zamindar, Acumen’s Pakistan Country Director.