Date post: | 03-Jul-2015 |
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Richard E. Thorsten, Ph.D
Director of International Programs
India WaterCredit Stakeholder Engagement Forum
February 19, 2013 - Delhi
WaterCredit in India: Milestones
2004
2007
20082011
2013
Sample WaterCredit MFI Model Diagram
MFIs
JLGs
Households
WSH NGOs
Water.org
“smart subsidy” grant for start-up, product & capacity development costs
credit enhancements (guarantees)
Utilities
water &/or sewerage services
Banks &
Capital
Marketsportfolio growth capital
connection fees
loansloan
repayments
“smart subsidy” grant for technical assistance
& capacity development costs
technical assistance
technical assistance
other WSH improvements
toilets
RWH tanks
drip irrigation
WaterCredit’s Strategic Subsidies Software costs of programs
Community mobilization, education, training Hygiene education & sanitation demand generation
Watsan loan portfolio Market research Loan product development Pilot testing
Investment capital Seed capital for revolving loan funds Credit guarantee for commercial and external financing
Capacity development Watsan training Financial management training GUARDIAN - start-up costs, M-Cril rating
Areas NOT subsidized Cost of improvements Wholesale & retail loan conditions Tariffs and O&M expenses
Water.org’s Roles Program Design
Philanthropic Investment
Financial and Program Monitoring
Partner Capacity Building
WSH Facilities and Water Quality Verification
Evaluation
Broader Sector Engagement
WaterCredit Loan & Borrowers’ Characteristics
CHARACTERISTC VALUE
Average Loan Size $150
Average Effective Interest Rate 16.7%
Average Loan Term 15 months
Cumulative Repayment Rate 99%
Water Loans as % of Portfolio to Date 38%
Sanitation Loans as % of Portfolio to Date 54%
Borrowers’ Average Monthly Household Income (INR) 3,415
Percent of Borrowers Below Poverty Line 52%
Percent of Loans Given to Female Borrowers 89%
Percent of Loans Given to Those in Rural Areas 80%
Making Progress in IndiaINDICATOR Progress to
DateExpected by April
2016
WaterCredit Partners 18 23
Water.org Partner Investment $4.9 million $9.65 million
Expected Financial Capital Leveraged $20.7 million $48.2 million
Indian States Impacted 13 15
WaterCredit Loans Disbursed 98,600 325,000
Water and/or Sanitation Beneficiaries 490,000 1,500,000
Overview of Challenges Water-Related Issues
Water Resource Management
Water Quality
Water Infrastructure
Other Challenges
Microfinance Environment
Awareness of Sanitation Options
Scaling WaterCredit in New Markets
Evaluating Impact
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
% Population Using
Improved HH Water Source
% Population Using
Improved Sanitation
% Obtaining Enough Water to
Meet Needs
% Population Considering
Water as Potable
% Population Washing Hands at
Crucial Times
Baseline
Post-line
Future Evaluation Efforts Planning more systematic evaluation of WaterCredit
work occurring between 2008-11.
Common evaluation survey and protocol administered by current WaterCredit partners in 2011-12
Includes treatment and control groups
Over 11,000 baseline and 8,000 postline surveys
Includes demographic, socio-economic, water & sanitation, hygiene, WaterCredit, health, and other data
Contract with 3rd party researcher to evaluate 2011-16 initiative.
THANK YOU!