Social Entrepreneurism focused on women
1295_ 10/20/12 -
Social entrepreneur Connie Duckworth founded ARZU, (which means “hope” in Dari), in 2004, to empower destitute women weavers in rural Afghanistan. Connie serves pro bono as Chairman and CEO. Starting with 30 weavers, ARZU has transformed into a learning laboratory for holistic grassroots economic development —today employing some 700 women, providing access to education and basic healthcare, seeding multiple micro-business start-ups, building community centers, pre-schools and parks, and creating award-winning fair-labor rugs—all in a country ranked as “the world’s worst place to be a woman.” Ms. Duckworth retired in 2001 as a Partner and Managing Director of Goldman Sachs, the first woman to be named a sales and trading partner in the firm’s history. She tells us she really wanted to rebalance how she spent her time. So she envisioned 1/3 business activities, 1/3 philanthropic activities and 1/3 family oriented activities. ARZU became the focus of her philanthropy. ARZU is an example of a 'for benefit corporation'. It uses private sector practices to create jobs in very remote rural villages in Afghanistan, and produces export quality products. Because of her business lens, Connie sees a social business as the way to empower people through employment. It seemed like a natural fit as Connie's passion has always been women's rights. To Connie, the shortest path is through economic advancement. The women in Afghanistan are truly among the most disadvantaged women in the world. Connie Duckworth is the Keynote Speaker at the CIMCO Annual Social Enterprise event at ACG Denver! Listen for more...
RELATED LINKS:
ARZU Studio Hope ||
CIMCO ||
Community Reach ||
Social Entrepreneurship ||
M&A Channel ||
ACG Denver ||
ACG Denver / CIMCO Annual Social Enterprise Event ||
KEYWORDS: Connie Duckworth, ARZU, Studio Hope, Social Entrepreneurship, Afghanistan,
Women, Philanthropy, CIMCO, Community Reach, ACG Denver, bytes=5276215
LISTEN TO: Connie Duckworth, Founder/CEO, AZRU
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former Chairman of Educational Sales Management (ESM), a provider of student lifecycle solutions to help schools enroll, graduate and place more students. Rick sold the company a year ago to Xerox. Here too is Dorothy Donnelly, National Marketing Director for Hein & Associates, a public accounting firm based here in Denver, and Dorothy is also a board member of ACG Denver. Dorothy pointed out that Rick Fort enrolled, by founding ESM, graduated by selling ESM to Xerox and now he is succeeding by investing into the community - a true entrepreneur who now heads up The Fort Knocks Company. Larry asked, "What are some of the biggest challenges for mid-sized companies today?" Rick said, "For mid-sized companies down to small companies as well, it is in part, finding the right people to help grow innovation, not getting stuck in where-you-are, constantly developing new ideas and bringing new change." Dorothy said, "What I’m hearing from folks is that it is still very difficult to get lending even though it's loosening up a bit. That being the commercial banks are at the will of the lenders and their organizations and not so much able to support business on their own without that stamp of approval." Rick agreed with that and added, "The lending side is one, but it's also the capital side. Now venture capital and the equity groups are starting to loosen up their pockets more and more, making good investments in companies. But there's a leverage that they have too, so it's not necessarily all it's made out to be." They then discussed the possibilities, potential advantages and strengths coming up this next year...Listen for more...



In addition to our luncheon presentation, ACG Denver also awarded the annual David Sloan Scholarships as well as the ACG Cup. The Scholarship Program is named after one of our former board members, David Sloan. As a result of MS, David had to leave his job and his work on the ACG Denver Scholarship Program. David was recently featured in the Denver Post and has written a very inspiring book about his journey. Each attendee at the April luncheon received a copy of his book, 'One Day at a Time'...listen for more... 


