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Acumen Fund Founder Releases New Book Posted by Toby Shuster on March 6, 2009 at 2:55 pm

blue-sweater-coverThe Blue Sweater: Bridging the Gap between Rich and Poor in an Interconnected World tells the story of Acumen Fund founder and CEO Jacqueline Novogratz’s efforts to improve the quality of life in developing countries. The book is written as part memoir, part social activism guide, and Novogratz’s beloved blue sweater is the inspiration for the premise. Eleven years after donating the sweater to Goodwill, she discovers the same sweater on a young boy in Rwanda, demonstrating that people’s actions in the United States directly affect those living across the world. Chronicled in the book is Novogratz’s journey as she teaches her business methods to help poverty-stricken women start businesses.

One chapter from The Blue Sweater that is especially inspiring and harrowing is Novogratz’s recount of helping women in Rwanda sell doughnuts at the local market. She poses the questions “How would this survive in the long term? How would the women change their circumstances? I just want to give the women a chance. I have never unquestioningly accepted the status quo, so why should we do that in Rwanda, where change can be good?” The project became profitable after a few months, with the women earning $2 a day, an impressive amount of money in Rwanda, especially for women. And the business continued to flourish until the ethnic genocide in 1994.

It is important to note that for the first 5,000 copies of The Blue Sweater purchased, a $15 donation per book will be made to Acumen Fund, allowing readers to connect with the global community by purchasing a copy of the book.

takepart by being one of the first 5,000 people to purchase the book!


CATEGORIES:  Ethics, Global Health


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Posted by HPL on March 6, 2009 at 3:07 pm

This looks extremely engaging, and I love that they’re donating $15 per book for the first 5,000. Not only is that a great form of charity, its a terrific marketing plan!

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Posted by claire on March 6, 2009 at 3:12 pm

Oh man, I wouldn’t wish the crap I give to Goodwill upon anyone! Looks like an awesome concept!

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Posted by KD on March 6, 2009 at 3:13 pm

That’s an amazing story about the blue sweater that she found ten years later…I can see how that moment could have crystallized the good things that have come from the work she’s done.

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Posted by jake lee on March 6, 2009 at 4:07 pm

this is wonderful.

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Posted by alison on March 6, 2009 at 4:20 pm

i’m excited to read it!

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Posted by mary on March 6, 2009 at 4:27 pm

interesting concept (tho it’s ironic that the one article of clothing someone probably would never need in Rwanda, except maybe a winter coat, is what she’s titled the book. Maybe
she could bring the work to Detroit?

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Posted by Jimbo on March 6, 2009 at 4:33 pm

This sounds like a really interesting book, and I will recommend it for my book club.

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Posted by Mary on March 6, 2009 at 5:25 pm

What a beautiful experience that must have been with the sweater. And perhaps this is just what we need with the cynicism of today. For my part, I’ll be glad to buy all the mismatched coffee mugs from Goodwill, so the good stuff can make it to Rwanda.

Also, amazon.com has the book for 14.97, so a 15 dollar donation is a pretty sweet deal, I’d say.

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Posted by KLP on March 7, 2009 at 2:51 pm

How did she know it was the same sweater she donated, and not an identical sweater donated by someone else who also decided to get rid of it after it became passe in the industrialized west?

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Posted by c on March 7, 2009 at 3:25 pm

cant wait to read it.

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Posted by Toby Shuster on March 7, 2009 at 6:06 pm

Sorry, KLP, forgot to mention that Novogratz saw her name tag in the boy’s sweater.

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Posted by Ben on March 9, 2009 at 8:25 pm

Looks like an interesting concept, thank you for bringing it to our attention! I look forward to reading this.

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