Instead, WaterEquity provides investment capital to microfinance companies that provide loans to low-income consumers at affordable rates for WASH upgrades in their homes. The pilot fund helped 320,000 people in India gain access to clean water or sanitation. “It took Water.org about 20 years to reach one million people through the traditional approach of digging wells and installing toilets. Target views the investment as part of its role in serving communities where products sold in its stores are produced. We don't have to raise a trillion dollars--which is what it would take in charity to solve this crisis.

Source: Forbes December 19, 2018 14:01 UTC