Friday, September 02, 2011

The Blue Sweater

I am reading The Blue Sweater by Jacqueline Novogratz. She has worked in Africa and Asia for over 25 years, learning how to administer funds, providing grants and loans to small businesses. She is the CEO of the Acumen Fund. The Blue Sweater is a must read for anyone interested in donating funds.

This book is an account of one woman whose energy for work and innovation has contributed to changing the lives of hundreds of thousands of people. She speaks solemnly of the waste and detrimental effects of donated funds unless they are properly invested in income producing industry which is shaped by the recipients themselves, and creates and sustains profit. She openly discusses many failures that she has seen or been a part of, as well as the successes. This is a book rich in detail and example.

No comments: