Aqua for All and Family Bank Ltd (Kenya) have signed a two-year partnership agreement to facilitate lending to community-based water service providers (CWPs). CWPs supply low-income households with safe drinking water through piping systems or water kiosks.
This first-of-its-kind partnership will establish an un-secured loan facility targeting CWPs. Community-based water service providers can take different forms, such as cooperatives, societies, trusts, sole proprietors, associations, Self-Help Groups, and NGO social projects.
Family Bank Ltd will offer infrastructure loans to CWPs up to €2.9 million (KES 350 million equivalent) as part of the bank’s water, sanitation and hygiene (WASH) loan portfolio. Aqua for All will de-risk Family Bank’s loan portfolio and offer technical assistance to build the capacity of the bank to finance CWPs at scale.
An estimated number of 140 CWPs will be supported as part of this partnership. As a result, around 280,000 people will gain improved access to safe drinking water and proper sanitation. The partnership supports Kenya’s Vision 2030’s goal of universal coverage for the Water Services Sector as well as contributes to reaching SDG6 – clean water and sanitation.
For more information, please read the press release.