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IFC to loan $25 million to WaterHealth India for rural drinking water

Posted by on 3 March, 2009 in Primary
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Clean drinking water is in my opinion the most critical issue that must be addressed in any area suffering from poverty. So any news like this one gives me hope and a smile on my face. WaterHealth India has recently received a $25 million loan to install more than 600 water filtration systems throughout India. This issue cannot be understated as, 

[m]ore than 25 percent of India’s population does not have access to clean drinking water. Unsafe water is often the cause for waterborne diseases such as cholera and diarrhea. As more villages are included, the WaterHealth project will have important health benefits as well as help generate local employment and provide training, which could significantly improve earnings for people in rural areas. [Source: Sreelakshmi24’s Blog]

WaterHealth India has already installed 200 such systems in Andhra Pradesh and so hopefully their experience will result in a significant improvement to clean water access.


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Vinay Ganti

Vinay is in his fourth year of a four year JD/MBA program at the New York University School of Law and the Leonard B. Stern School of Business in New York City. Prior to coming to New York, Vinay graduated from Brown University, worked in technology transfer as a consultant and also founded a financial literacy program for underprivileged youth. Currently, Vinay is an InSITE Fellow for Venture Capital and Innovation. His primary interests are in the social venture capital investing space and its role in transforming micro-businesses into globally competitive SMEs. After school, Vinay wants to create novel ways to provide clean energy & water to the world’s poor.

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