WaterEquity, an innovation of Water.org, has launched WaterCredit Investment Fund 3 (WCIF3), a new $50 million social impact investment fund that will invest in enterprises serving water and sanitation needs among the world’s poor.
WCIF3 will raise and deploy social impact investment capital to scale Water.org’s proven WaterCredit solution, and is projected to empower at least 4.6 million people in South and Southeast Asia with access to safe water and/or sanitation. This new Fund builds on the success of WCIF1, WaterEquity’s inaugural $11 million Fund, which has already helped over 100,000 people.
“WaterEquity demonstrates the profound impact we can all have by leveling the playing field for the world’s poor to gain access to affordable financing to meet their water and sanitation needs,” said Gary White, co-founder and CEO of WaterEquity and Water.org. “The launch of WCIF3 brings us one step closer to creating a more financially inclusive ecosystem around water and sanitation that can end the global water crisis in our lifetime.”