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    Home»MICROFINANCE

    An Introduction to Water Credit in India

    By ADITYAUpdated:August 8, 2020
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    The Water Credit Initiative has been funded by social entrepreneur Gary White and Hollywood Actor Matt Damon through their organization Water.org which has invested US$ 2.2 million in Water Credit programs.. Water credit applies the principles of microfinance to the water and sanitation sector in developing countries. By making small loans to individuals and communities who do not have access to credit, Water-Credit empowers people to address their own water and sanitation needs instead of depending on government funds and charity.

    Today it is estimated that 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 drove financial models and government resources that are available are insufficient to meet these problems. Water Credit models use local resources and accelerate natural market processes, ultimately serving more people much quicker.

    In the below video Water.org co-founders Gary White and Matt Damon visit a project site in Tiruchirapalli in Tamil Nadu, India and discuss the success of the local WaterCredit project. To know more about Water credit visit – http://watercredit.org

    MFI partners of Water Credit

    Bharat Integrated Social Welfare Agency (BISWA), Sambalapur, Orissa State
    Evangelical Social Action Forum (ESAF), Trichur, Kerala
    Gramalaya Urban And Rural Development Initiatives And Network (GUARDIAN), Tiruchirapalli, Tamilnadu
    Hand in Hand, Kancheepuram, Tamil Nadu
    BASIX – Hyderabad

    NGO Partners of Water Credit

    GRAMALAYA, Tiruchirapalli, Tamilnadu State
    Mythri Sarva Seva Samithi (MSSS), Bangalore, Karnataka
    Organization for the Development of People (ODP) – Mysore, Karnataka State
    Organization for the Development of People (ODP) – Mysore, Karnataka State
    Society for Integrated Development in Urban and Rural (SIDUR) – Hyderabad, Andhra Pradesh.

    An Introduction to Water Credit in India

    matt damon mythri sarva seva samithi ngo water supply social entreprenuership water credit water credit india
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    ADITYA

    Aditya is a talented content writer with a passion for crafting engaging and informative content that resonates with readers. With 10 years of experience in the industry, he has honed his writing skills to produce high-quality content across a wide range of topics.

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