Water Security & Water Resource Management
No Drinkable Water
663 million people have no access to drinkable water globally
No Safe Water
One in Eight people do not have access to safe, clean drinking water
50% of hospital beds on Earth are occupied by people with easily preventable waterborne diseases
4,000 children die every day from water related diseases
Women and children spend hours a day collecting water, exposing them to disease and taking away educational & occupational opportunities
One of the key initiatives in 2017 for Project Noah is to Provide Water Security through offering sustainable community-based water solutions.
Our initiative has already benefitted more than 3 million globally. We have been able to provide Water Security through desalination plants, water towers fitted with ultra-filtration systems, education and advocacy on water sanitation and hygiene, coupled with water systems operations training and introduction of new technologies. We focus on areas affected by high levels of water pollution, poor infrastructure and lack of access to clean, drinkable water.
Additionally, there was a breakthrough in unrealized potential opportunity when we discovered that there are millions that can and are willing to pay for water and sanitation, but do not have access to it. These large groups of excluded people area major market segment that has been overlooked.
Our solution to this issue comes in the form of a catalytic philanthropy, “WaterCredit” to meet the needs of this underserved, excluded market.
Smart subsidies enable microfinance institutions to increase water and sanitation loans to the world’s poor. Apart from subsidies, technical expertise is also made accessible to these microfinance institutions. Subsidies cover start-up costs, and these partners of Project Noah can make use of their subsidy to support business expenses like product development, market research, hiring dedicated staff, training, monitoring and evaluation. WaterCredit helps to drive successful enterprises’ ability to help the world’s poor access financing for safe water or a toilet. It also responds to unique needs of each partner, whether that be supporting loan product development or defining a supply chain engagement strategy.
The WaterCredit model enables Microfinance Institutions (MFIs) to put small, affordable loans in the hands of people affected by the crisis thereby giving them access to safe water or enabling them to install a toilet in their homes. Project Noah has established a network of 65 local microfinance institution partners worldwide and has sparked more than $200 million in WaterCredit loans. These loans average $215 and have an average repayment rate of 99%. Through WaterCredit, Project Noah has helped MFIs serve more than five million people, and the number is still growing.
We believe that we can play a part in ending the global water crisis by scaling access to safe water and sanitation. For sustainable, long-term outcomes, we believe that those in crisis should be empowered, in order to solve the root cause of the problem. The beauty of this initiative is to transform lives by empowering people to participate as customers.