WaterCredit
Initiative
applies principles of micro-finance
to the water and sanitation sector.
By making small loans to individuals
and communities in developing countries
who do not have access to credit, WaterCredit
empowers people to address their own
water and sanitation needs.
WaterCredit is a development tool to
help lift people out of poverty and
take control of their own lives. Today
nearly 1 billion people are in need
of access to safe water and over 2.5
billion do not have access to even a
simple latrine. The current grant-driven
financial models and government resources
that are available are insufficient
to meet these problems. WaterCredit
models use local resources and accelerate
natural market processes, ultimately
serving more people much quicker.
Access to $100 provides a household
a water connection to their home. Access
to $90 can provide a home with a toilet.
Many of the world’s poor are able
and willing to repay this loan. WaterCredit
models connect people to the credit
they need to improve their family’s
health and lives. |
| The purpose of this
site: |
| This site is a tool
for the curious, the practitioners,
the reformers, and the researchers involved
or interested in water and sanitation
and micro-finance sectors, connecting
the different players in the field and
serving as place to exchange experiences
and information. |
|
 |
What
People Are Saying About WaterCredit |
| www.watercredit.org
is a very important tool-one that
will advance the availability of water
connections and sanitary facilities
that are in such high demand.
watercredit.org
brings together all the stakeholders
active in bridging the water crisis
through innovative programs of micro-credit
and smart subsidy grants - and provides
a platform for learing & sharing
that is vital as we all participate
in bringing solutions to households
and communities.
Ms. Claire
Brown Lyons, PepsiCo Foundation |
|
