WaterCredit is an initiative of Water.org that puts microfinance tools to work in the water and sanitation sector. It is the first comprehensive program of its kind that connects the microfinance and water, sanitation and hygiene (WASH) communities to scale up access to credit and capital for individual- and household-based WASH needs. Through WaterCredit, Water.org aims to channel and redeploy financial resources more efficiently, enabling increasing numbers of people to meet their water and sanitation needs through demand-driven, market-based services, reducing the need for never-ending subsidy.
WaterCredit at a Glance (Updated October 2013):
|192,846:||WaterCredit loans made|
|943,468:||People have access to clean water and safe sanitation as a direct result of WaterCredit|
|99%:||WaterCredit global loan repayment rate (since 2007)|
|93%:||of WaterCredit clients are women|
|US$179:||Average loan size||33:||Active WaterCredit Partner Organizations|
|5:||Countries with WaterCredit (India, Bangladesh, Kenya, Uganda, Peru)|
|Household water and sewerage connections, toilets and pit latrines, rainwater harvesting tanks, sinks, tube wells, etc.|
To find out more, read the October 2013 WaterCredit Executive Summary.