WaterCredit: A smart solution to a complex problem
One of the major barriers to safe water and sanitation is access to affordable financing. We created WaterCredit to address this barrier head-on. WaterCredit brings small, easily repayable loans to those who need access to affordable financing and expert resources to make household water and toilet solutions a reality. Tool kits and information on how you can add these loans to your portfolio are below.
A proven, powerful solution
After more than ten years in action, WaterCredit is recognized as a proven, powerful solution. We have reached more than six million people through more than 1.4 million loans. Our partners have loaned more than $369 million dollars to families in the developing world for safe water and sanitation.
Our solution is in high demand, sustainable, and reaching the right people. When given an opportunity to pay for water and sanitation improvements with loans, families opt to finance long-term solutions versus struggle day-to-day to find that next liter of water. More than 92% of borrowers are women – those most impacted by the water crisis – and loan repayment rates are above 99%. The most encouraging aspect of this repayment rate is that every repaid loan can empower another family with safe water.
Here's how it works:
- Financial institutions determine readiness to provide affordable water and sanitation loans to a family in need.
- These microfinance partners establish water and sanitation loans in their portfolio of offerings.
- Borrowers use these small, affordable loans to put a tap or toilet in their homes and get access to local resources who can do the work.
Add this proven, powerful solution to your portfolio
Water.org and MicroSave developed a series of toolkits to provide information and tools for financial institutions to develop microfinance products for water, sanitation and hygiene (WASH) investments. These toolkits present essential information, principles and practices for successful development of WASH financial products. They are designed to be applicable across a variety of markets, lending methodologies and business models.
You can download these today and get started.
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