Founder of the Acumen Fund, Novogratz is a social entrepreneurial success story, and learning even a bit from her experience she shares with us in this book, proves well worthwhile. In her autobiography, Jacqueline Novogratz details her experience transitioning from a young, ambitious banker, working for Chase Manhattan Bank, into an effective change-maker and social entrepreneur within the developing world. Her book describes her experience working in Africa, the projects she joined, those she started, and the lessons she learned through each. She absolutely adored it, and to ensure it would be hers forever, she scribbled her name on the tag. Sadly, in high school, it came time to give the sweater away, and she donated it to Goodwill.
|Published (Last):||18 October 2017|
|PDF File Size:||6.68 Mb|
|ePub File Size:||4.13 Mb|
|Price:||Free* [*Free Regsitration Required]|
Founder of the Acumen Fund, Novogratz is a social entrepreneurial success story, and learning even a bit from her experience she shares with us in this book, proves well worthwhile. In her autobiography, Jacqueline Novogratz details her experience transitioning from a young, ambitious banker, working for Chase Manhattan Bank, into an effective change-maker and social entrepreneur within the developing world.
Her book describes her experience working in Africa, the projects she joined, those she started, and the lessons she learned through each. She absolutely adored it, and to ensure it would be hers forever, she scribbled her name on the tag. Sadly, in high school, it came time to give the sweater away, and she donated it to Goodwill. Almost 10 years later, while on a run through the streets of the Rwandan capital, Kigali, Jacqueline encountered a young boy wearing the exact same sweater.
It even had her name on the tag! It was this moment, of seemingly impossible odds, that she was struck with how connected the world really is. Like her favorite blue sweater, Jacqueline had traveled an unexpected journey, ultimately ending up in Africa.
The Blue Sweater provides a roadmap for veteran and budding world-changers alike. She depicts herself as a fish out of water—a white American entering an unfamiliar culture, economy, and professional environment seeking to put her skills to use with little context at first.
Her recount of her struggles learning the nuance of her new community is at times uplifting and inspired, and at other times heartbreaking. With, at first, little experience with the business community in the region, a low proficiency in the local languages, and an unfamiliarity with the regional and professional politics, Jacqueline Novogratz came to realize that she needed a transformational shift in thinking to create effective programs that would provide economic opportunities to people often left out of the entrepreneurial sector, like poor women often deprived of opportunities for economic independence.
After a brief stint back in the United States, graduating from Stanford Graduate Business School, Jacqueline returns to Rwanda for the first time after the Rwandan genocide in search of some understanding of the atrocities.
As she reconnects with her old friends, she meets with some friends who are now courageous survivors of the Rwandan genocide, and others accused as being aggressors. She describes the unsettling reality that not all questions have answers.
Through her anecdotes, she shares the story of her journey learning how to put her passion and desire to make positive change into practical and effective use. Ultimately, we are left with a story of relentless commitment to economic justice and inspiration to think about change on a global scale.
As a young idealist, Jacqueline was certain of her calling to explore the world, which made it surprising when she found herself working as an international credit auditor for Chase Manhattan in New York, who courted her with the travel that would accompany international banking.
Despite her long-held desire to work in Latin America, she gave notice to Chase and took the new opportunity. In , Jacqueline Novogratz started her journey that would ultimately lead her to become an impactful social entrepreneur providing credit and loans to individuals and small businesses often excluded from traditional banking systems. In , she co-founded Duterimbere—a microfinance institution that sought to redefine the economic role and earning-power of Rwandan women.
She has been recognized countless times for her work and has more honorary degrees than Michael Jordan does NBA championships. Notably, her nonprofit impact investment fund, Acumen, has widened the scope of those able to get loans through microcredit loans to the working class and long-term investments in local economies around the world.
The Acumen fund approaches the issue of global poverty differently than traditional banking and traditional charity organizations. This new form of philanthropic investment changed the lives of over million to date. Here are a few quotes we loved with corresponding reflections:. Our actions—and inaction—touch people we may never know and never meet across the globe. In her case, she saw from start to finish, the journey of this sweater. This case is a relatively positive one: when Jacqueline no longer had use for this sweater, her donation found its way to someone who would give a second life.
But, this cycle can take many forms. What happens when we throw something away that could be recycled or reused? It ends up in the landfill or ocean.
Prolonged, and perhaps avoidable, suffering and poverty. What we hate is what you represent. The North comes to the South and sends a young white woman without asking us what we want, without seeing if we already have the skills we need.
And this from an organization that says it wants to promote solidarity. After seeing plenty of aid workers come and go, plenty of outside money sent into Africa with no consideration of the needs and priorities of the local people or the local women already doing the work , she a white woman from the United States , was received with skepticism.
Many people have the strong desire to make the world a better, more equitable place. And if that passion motivates someone to take action, that is undoubtedly applaudable progress.
Like all valuable skills, it must be learned, practiced, and honed. To create substantive and systemic change in any community, outside aid must not just consider, but should take complete direction from, the local people and groups they are attempting to support and serve. To understand what communities might need in efforts to support themselves or improve their standard of living, perhaps we should ask first, before we act.
To achieve long-lasting change within whatever communities we intend to serve, we must provide meaningful opportunities, not just the short-term bandaids of donations and traditional aid. Solutions to the chronic problems facing our global community cannot possibly be simple. Rather, they must be completely invested in on the ground level and directed by those individuals and communities the solutions support and serve.
Henry is an entrepreneur based out of Seattle, Wa. He is an avid reader, writer, and lover of nature. His passion for people and connection with others has led him to work with some incredible individuals and companies. He is always looking for the next exciting adventure, whether it be in his personal life or business pursuit. Your email address will not be published. Submit Comment. Sign up below to get the newsletter sent straight to your inbox a day early How do we possibly make any sort of And purchasing trends are showing that consumers are doing just that, moving These days, your choices to make that perfect cup of joe Get the best newsletter in the "Better World" space.
Send me the Better World Weekly! Quick Book Summary: The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World In her autobiography, Jacqueline Novogratz details her experience transitioning from a young, ambitious banker, working for Chase Manhattan Bank, into an effective change-maker and social entrepreneur within the developing world. Author Bio: Jacqueline Novogratz. Submit a Comment Cancel reply Your email address will not be published.
Free Strategy Session. Get Our "Better World Weekly Email Send me the Better World Weekly!
It’s the Destination
Look Inside. The Blue Sweater is the inspiring story of a woman who left a career in international banking to spend her life on a quest to understand global poverty and find powerful new ways of tackling it. It all started back home in Virginia, with the blue sweater, a gift that quickly became her prized possession—until the day she outgrew it and gave it away to Goodwill. Eleven years later in Africa, she spotted a young boy wearing that very sweater, with her name still on the tag inside. That the sweater had made its trek all the way to Rwanda was ample evidence, she thought, of how we are all connected, how our actions—and inaction—touch people every day across the globe, people we may never know or meet.
The Blue Sweater
Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Other editions.
The Blue Sweater Summary and Review
Pick up the key ideas in the book with this quick summary. After just three years as a Wall Street banker, Jacqueline Novogratz decided that she wanted to make a bigger difference in the world. She abandoned her promising career to try to help people suffering from poverty in Africa. At first, she was a rather naive Westerner with little idea of what people in the developing world really needed or desired, but soon she began to understand. She found that experts in the West who tend to assume they know what poor people need are often wrong: aid and charity frequently wind up going to the wrong people or is squandered on poorly planned projects.
The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World
That is the challenge that entrepreneurs with a social mission face every day. In her case, she hopes to use the power of markets to achieve social transformation, primarily through providing economic opportunity to the poor and marginalized. And her story might also provide the missing piece for those struggling to change the world: her great willingness to listen to, and learn from, all those she comes across during her journey. She loves banking, but as it turns out, she loves the idea of lending to the poor even more, and Chase is not about to do that—this is the s, after all. So despite the personal validation, prestige, and security offered by such an institution, she resigns to accept a position at a nonprofit that uses the platform of the African Development Bank ADB to foster local organizations that promote economic development in West Africa.