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Water credit initiative in India_Richard Thornston (water.org)_ 2013)

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Water credits strategic subsidies, characteristics, milestones and models followed & challenges faced.

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Water credit initiative in India_Richard Thornston (water.org)_ 2013)

  1. 1. Richard E. Thorsten, Ph.DDirector of International ProgramsIndia WaterCredit Stakeholder Engagement ForumFebruary 19, 2013 - Delhi
  2. 2. WaterCredit in India: Milestones 2013 2011 2008 2007 2004
  3. 3. Sample WaterCredit MFI Model Diagram Water.org“smart subsidy” grant for technical assistance & capacity development costs “smart subsidy” grant for start-up, product & capacity development costs credit enhancements (guarantees) Banks & WSH NGOs MFIs portfolio growth capital Capital technical assistance Markets loan loans repayments technical assistance JLGs connection fees Utilities Households other WSH improvements toilets water &/or sewerage services RWH tanks drip irrigation
  4. 4. 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
  5. 5. 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
  6. 6. WaterCredit Loan & Borrowers’ CharacteristicsCHARACTERISTC VALUEAverage Loan Size $150Average Effective Interest Rate 16.7%Average Loan Term 15 monthsCumulative 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) 3,415Percent of Borrowers Below Poverty Line 52%Percent of Loans Given to Female Borrowers 89%Percent of Loans Given to Those in Rural Areas 80%
  7. 7. Making Progress in IndiaINDICATOR Progress to Expected by April Date 2016WaterCredit Partners 18 23Water.org Partner Investment $4.9 million $9.65 millionExpected Financial Capital Leveraged $20.7 million $48.2 millionIndian States Impacted 13 15WaterCredit Loans Disbursed 98,600 325,000Water and/or Sanitation Beneficiaries 490,000 1,500,000
  8. 8. 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
  9. 9. Evaluating Impact100% 90% 80% 70% 60% 50% 40% Baseline 30% Post-line 20% 10% 0% % Population % Population % Obtaining % Population % Population Using Using Enough Considering Washing Improved HH Improved Water to Water as Hands at Water Source Sanitation Meet Needs Potable Crucial Times
  10. 10. 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.
  11. 11. THANK YOU!

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