The global water and sanitation crisis claims more than 3 million lives every year, mostly in communities at the bottom of the socio-economic pyramid. But what can impact investors do to help? Guest blogger Katie Bessert reports on research into new ways to fund SMEs in the water and sanitation sector.
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The World Sanitation Financing Facility (WSFF) started life as a timely idea. Born out of a conversation between Arthur Wood, then global head of Ashoka’s social financial services, Jack Sim, founder of the World Toilet Association and World Toilet Day, and Dr Guy Hutton, the leading Sanitation Economist for the World Bank’s Water and Sanitation Program (WSP), it came into being just as the wave of interest in social benefit investing was gaining momentum.
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The case of the Wello WaterWheel, now listed on Maximpact’s Intermediary Portal, shows how fast a good idea can catch on, attracting enthusiastic users, collaborators and investors from an early stage.
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