GRET

About the fund

The Cambodia Water Revenue Financing Facility (WRFF) — also referred to as the Cambodia Revenue Finance Facility — is managed through a partnership led by the Stone Family Foundation in collaboration with nonprofit and local financial sector partners, primarily GRET, iSEA, and the Bank for Investment and Development of Cambodia (BIDC). Under this arrangement, the Foundation and its partners provide revenue-linked flexible financing to private water service operators in Cambodia, where loan repayments are tied to a percentage of water sales revenue rather than fixed interest and strict term schedules. Alongside the financial vehicle, these partners also deliver technical, operational, and business support to help operators expand service coverage to more households and strengthen their business performance. The Stone Family Foundation functions most like a catalytic LP (capital provider), while GRET and iSEA act in a GP-equivalent role by structuring and overseeing the facility, with the Bank for Investment and Development of Cambodia serving as the local lending and servicing partner.

Limited PartnersStone Family Foundation