The fund — a subsidiary of Matt Damon’s Water.org — supports microfinance institutions that provide credit to low-income households to install in-home toilets and water connections.
WaterEquity’s WaterCredit Investment Fund 3 launched in April with $5 million in debt capital from Bank of America and a goal of raising $50 million.
Water and sanitation for the global poor is a $12 billion market, WaterEquity estimates. The fund expects to reach 4.6 million people in South and Southeast Asia over the next seven years.
The investment from the Overseas Private Investment Corporation is the development finance institution’s largest to date in water and sanitation.
