Acumen's philosophy is that a bigger impact can be made on poverty by giving people the chance to earn their living by investing in goods, structure and human capital rather than straightforward philanthropy. Acumen was founded in by Jacqueline Novogratz who gave up her job in Investment Banking to work in International Development. Soon after, she quit her job, relocated to Rwanda and opened Duterimbere , the first micro-finance bank in the country. It started as a money-lending venture where it provided women with small loans to promote women's entrepreneurship at the grass-root level with an aim to contribute to the income of low-income working women. Novogratz's biggest challenge was convincing women that it was an authentic venture alongside explaining the ways in which it could increase their income and pull them out of poverty.
She takes over leadership from Musimbi Kanyoro, who retires June 30, The grassroots work we support goes directly to women fighting for justice in their own communities. Latanya possesses both professional acumen and demonstrated passion for the mission of Global Fund for Women. Latanya Mapp Frett believes in shifting power to the Global South and understands that change is a responsibility of many players. She served as a delegate to the Fourth World Conference on Women in Beijing in and continues to fight for the human rights of women. State Department.
Latanya Mapp Frett is New President and CEO of Global Fund for Women
Jacqueline Novogratz born is an American entrepreneur and author. She is the founder and CEO of Acumen , a non-profit global venture capital fund whose goal is to use entrepreneurial approaches to address global poverty. Jacqueline Novogratz was born in  in the US, the eldest of seven children. Army , and her mother, Barbara, ran an antiques business.
Sangeeta brings to Global Fund for Women years of experience in the non-profit and private sector with a focus over the past decade, on economic and environmental justice. Before coming to Global Fund, Sangeeta worked to support community solutions to improving access to safe water and sanitation. A native of India, Sangeeta has been engaged in various capacities in support of livelihoods projects — as Executive Director of League of Artisans, she worked to support local artisanal crafters and, prior to that, helped CARE India launch an institution focused on developing the livelihoods and microfinance sectors in India. At the American India Foundation, Sangeeta was involved in grant portfolio assessment and strategy development for livelihoods grant-making. Thank you for joining us and becoming a champion for equality!