C&A Foundation contributes one million dollars to Water.org's New Ventures Fund, with a special focus on WaterCredit initiatives in Bangladesh, Brazil, Cambodia and India.
C&A Foundation has awarded a one-million-dollar grant to Water.org's New Ventures Fund. The donation will primarily help accelerate programs that put microfinance tools to work in the water, sanitation and hygiene (WASH) sector, such as WaterCredit. In addition, the grant will support the global expansion and refinement of the WaterCredit initiative, and help Water.org research and innovate new ways to tackle the global water crisis.
The New Ventures Fund, established in 2011, empowers Water.org to undertake key market research and explore new models to accelerate its impact on the water crisis, while raising awareness and promoting transparency in the sector. WaterCredit, a key initiative of Water.org, tackles two interrelated goals: lack of access to safe water and sanitation, and lack of access to finance to secure these necessities among those living in poverty throughout the developing world.
“All C&A Foundation initiatives are geared toward a fair and sustainable apparel industry that respects the rights of workers, improves livelihoods and conserves the environment,” says Leslie Johnston, Executive Director of C&A Foundation. “Part of that responsibility is to ensure that communities in textile areas have access to safe water. The work of Water.org is essential to reaching that goal.”
Gary White, CEO and Co-Founder of Water.org explains, “750 million people – about one in nine – lack access to safe water; 2.5 billion people lack access to a toilet. Through sustainable solutions, innovative financing models and the support of strategic partners like the C&A Foundation, Water.org is helping change that worldwide. By supporting our New Ventures Fund, the C&A Foundation is enabling Water.org to build its research and innovation pipeline, and accelerate its efforts in key markets including India, Brazil and Cambodia.”
Click here to download the complete grant announcement.
“All C&A Foundation initiatives are geared toward a fair and sustainable apparel industry that respects the rights of workers, improves livelihoods and conserves the environment.”Executive Director, C&A Foundation Leslie Johnston