Press releases
Collaboration will develop innovative and affordable financing solutions for water, sanitation and hygiene in Africa and Asia.
The Hague and Amersfoort, the Netherlands – Not-for-profit organisation Aqua for All, specialised in innovative finance for water and sanitation, and social impact investor and worldwide cooperative Oikocredit, are launching a partnership to support water and sanitation financing and provision by partner organisations in Africa and Asia.
Under their new two-year agreement, Aqua for All and Oikocredit will combine market expertise, knowledge and network support to develop the water, sanitation and hygiene (‘WASH’) portfolios of financial inclusion partners in east and west African countries and in Cambodia. Aqua for All will provide up to € 1,500,000 in technical assistance, de-risking and/or a performance-based incentives. Oikocredit will invest up to € 15,000,000 in portfolio financing with current and new partner organisations.
The impact investing community increasingly recognises the WASH sector’s importance for human wellbeing, especially following the Covid-19 pandemic. Billions of people in low-income countries still lack adequate access to safely managed water and/or sanitation services. Massive private investment is urgently needed to bridge funding and service gaps to reach Sustainable Development Goal 6 of universal access to clean water and sanitation by 2030.
About Aqua for All
Aqua for All is a not-for-profit organisation. For over two decades, it has worked towards catalysing an innovative, sustainable and inclusive water and sanitation economy worldwide. Aqua for All operates in Africa and Asia supporting innovations and scaling up enterprises until they are investment ready without distorting the market. In addition, it uses its funds to mobilise private and public capital to increase investments in water and sanitation. For more information see: http://www.aquaforall.org/
About Oikocredit
Social impact investor and worldwide cooperative Oikocredit has 45 years of experience funding organisations active in financial inclusion, agriculture and renewable energy.
Oikocredit’s loans, equity investments and capacity building aim to enable people on low incomes in Africa, Asia and Latin America to improve their living standards sustainably.
Oikocredit finances close to 508 partners, with total outstanding capital of € 1,264.4 million (March 2022). For more information see: www.oikocredit.coop.
