Two Dutch entities, the cooperative investor Oikocredit and the nonprofit Aqua for All, recently launched a two-year partnership to facilitate access to drinking water, sanitation and hygiene (WASH) in Cambodia as well as unspecified countries in East and West Africa. Oikocredit has agreed to invest up to EUR 15 million (USD 15.6 million) in retail financial services providers to fund local WASH projects, and Aqua for All will support these deployments with up to EUR 1.5 million (USD 1.6 million) in “technical assistance, de-risking and and/or performance-based incentives.”
Aqua for All, established in 2002, aims to facilitate access to water and sanitation in Africa and Asia by “enabling business solutions to become viable” via investments from public and private sources. As of 2021, it reported a portfolio of EUR 52 million (USD 54 million), having reached 65 countries since its inception.
Founded in 1975, Oikocredit invests debt and equity in financial inclusion, agriculture and renewable energy in Africa, Asia and Latin America with the goal “to improve the quality of life of low-income people or communities in a sustainable way.” As of March 2022, Oikocredit had investments valued at EUR 1.26 billion (USD 1.32 billion) deployed via 527 partners.
By Saulius Simonas Ramanauskas, Research Associate
Sources and Additional Sources
Oikocredit press release
https://www.oikocredit.coop/k/en/n2613/news/view/352441/9049/new-aqua-for-all-and-oikocredit-partnership-to-invest-in-community-water-and-sanitation.html
Oikocredit homepage
https://www.oikocredit.coop
Aqua for All homepage
https://aquaforall.org
Previous MicroCapital brief on Oikocredit
https://www.microcapital.org/microcapital-brief-oikocredit-loans-ecoligo-5-7m-to-fund-solar-energy-for-15-smes-ngos-in-ghana-kenya
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