ATLANTA, March 22, 2018 /PRNewswire/ -- In honor of
World Water Day, NRD Capital, LLC ("NRD"), an Atlanta-based private equity firm specializing
in franchised and multi-location business investments, announces
its first philanthropic pledge through the NRD Foundation ("the
NRDF"). The first recipient is Jibu, a Kenyan-based social
enterprise working to ensure access to basic human needs, with
water as its anchor product.
Founded in late 2017, the NRDF was inspired by Aziz Hashim, managing partner at NRD, and his
other founding partners. Rooted in two of the firm's core values –
generosity and mentorship – the Foundation leverages NRD's
expertise to support entrepreneurs and catalysts for job growth
around the globe. The Foundation will have an initial focus on
Africa, where Hashim and his
partners have experience investing in various brands and other
ventures – including South
Africa-based Mike's Kitchen, which is currently in NRD's
portfolio.
"Launching the NRD Foundation is merely the institutionalization
of an activity which has existed since I started my career. Helping
others improve their quality of life is a core ethic," said Hashim.
"Through the NRD Foundation, we will support organizations like
Jibu with the same high-level financial and operational support we
bring to our equity investments. By utilizing a franchise model to
bring water and basic resources to underserved populations, Jibu is
a natural fit for our first investment as a Foundation."
Jibu, the NRDF's first recipient organization, pioneers a
powerful new model that capitalizes and equips entrepreneurs in
emerging communities to own businesses that ensure access to basic
human necessities. Water is its anchor product. Jibu has scaled a
network of locally owned, financially independent and
self-sustaining franchises that provide safe drinking water to
their communities. These franchises also offer life-changing
training and employment. The company currently has more than 200
franchises across Kenya,
Rwanda, Tanzania, Uganda and Zimbabwe.
"NRD Capital and the NRD Foundation are passionate about
creating opportunities through franchising and recognize the
positive impact that social enterprises like Jibu can have in
emerging regions," said Galen
Welsch, co-founder and chief executive officer of Jibu. "We
are thankful for the NRD Foundation's support and for the
opportunity to work with a team that is so naturally aligned with
our values and vision."
About NRD Capital Management, LLC
NRD Capital
Management, LLC, founded by Aziz
Hashim, invests in brands that offer superior
products/services and compelling unit-level economics to help them
strategically grow through the power of franchising. The fund
invests in small to medium-sized franchisors, infusing capital and
applying operating expertise to domestic and international brands.
Through its international philanthropic arm, the NRD Foundation,
the firm supports both for-profit and non-profit organizations that
create entrepreneurs and financial independence around the world.
For more information, please visit www.nrdcapital.com.
CONTACT
media@nrdcapital.com
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SOURCE NRD Capital LLC