WATER.ORG PIONEERS MICROLOANS FOR WATER AND SANITATION ACCESS
Launches WaterCredit.org Site for Cross-Sector Learning
Kansas City, MO (May 16, 2011) – Water.org has launched WaterCredit.org, an online resource to educate stakeholders about the growing intersection of international microfinance with the water and sanitation crisis. By applying the concepts and best practices of micro-lending, organizations like Water.org are reaching an ever-increasing number of people living in poverty with safe water and sanitation at a faster and more efficient pace compared to traditional charity.
The new site provides information and learning opportunities to a wide range of audiences, including microfinance institutions (MFIs), water and sanitation organizations, social investors, banks, catalytic philanthropists, researchers and the public at large. Content currently online includes information about how WaterCredit works, WaterCredit Forums and other cross-sector workshops, and a variety of papers and reports focused on microfinance for water and sanitation.
“As a public resource, WaterCredit.org’s ultimate purpose is to make a comprehensive contribution to the microfinance and water and sanitation communities,” explained April Rinne, Water.org’s director of WaterCredit. “We intend to broaden site content over time, and we actively solicit contributions from other organizations and stakeholders working in this space.”
The WaterCredit Initiative is firmly rooted in a holistic approach to poverty alleviation, which acknowledges that those living in poverty have a variety of basic needs – including access to water and sanitation, health care, housing, energy and education – and ready access to finance can help to meet these needs in responsible, sustainable ways. Participants in WaterCredit programs not only receive access to water and sanitation, but also ultimately can own the assets financed, experience improved health, and regain valuable time that can be spent productively.
The programs and information highlighted on the website are expected to accelerate progress against the world’s single most pressing human health problem: lack of access to safe water and sanitation.
Water.org is a non-profit organization that has transformed hundreds of communities in Africa, South Asia, and Central America by providing access to safe water and sanitation over the past twenty-one years. Founded by Matt Damon and Gary White, Water.org works with local partners to deliver innovative solutions for long-term success. Learn more and make a difference at http://water.org.
WaterCredit is an initiative of Water.org that puts microfinance tools to use in the water and sanitation sector. It is the first comprehensive program of its kind in the world that connects the microfinance, water and sanitation communities to scale up access to credit and capital for individual- and household-based water and sanitation needs across multiple countries. In turn, the WaterCredit partnership model and financing mechanisms serve to channel and redeploy financial resources more efficiently and effectively to enable increasing numbers of people to meet their drinking water and sanitation needs. Learn more at http://watercredit.org and http://water.org/watercredit.
CONTACT: April Rinne, Water.org, firstname.lastname@example.org 415.694.3114 or email@example.com 816.877.8420.