Rich -india stakeholder engagement presentation (feb 19 2013)
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Transcript of Rich -india stakeholder engagement presentation (feb 19 2013)
The WaterCredit Initiative in India
Richard E. Thorsten, Ph.DDirector of International ProgramsIndia WaterCredit Stakeholder Engagement ForumFebruary 19, 2013 - Delhi
WaterCredit in India: Milestones
2004
2007
20082011
2013
Sample WaterCredit MFI Model Diagram
MFIs
JLGsHouseholds
WSH NGOs
Water.org
“smart subsidy” grant for start-up, product & capacity development costs
credit enhancements (guarantees)
Utilities
water &/or sewerage services
Banks & CapitalMarkets
portfolio growth capital
connection fees
loansloan repayments
“smart subsidy” grant for technical assistance & capacity development costs
technical assistance
technical assistance
other WSH improvements
toiletsRWH tanks
drip irrigation
WaterCredit’s Strategic SubsidiesSoftware costs of programs
Community mobilization, education, training Hygiene education & sanitation demand generation
Watsan loan portfolio Market research Loan product development Pilot testing
Investment capital Seed capital for revolving loan funds Credit guarantee for commercial and external financing
Capacity development Watsan training Financial management training GUARDIAN - start-up costs, M-Cril rating
Areas NOT subsidized Cost of improvements Wholesale & retail loan conditions Tariffs and O&M expenses
Water.org’s RolesProgram DesignPhilanthropic InvestmentFinancial and Program MonitoringPartner Capacity BuildingWSH Facilities and Water Quality VerificationEvaluationBroader Sector Engagement
WaterCredit Loan & Borrowers’ Characteristics
CHARACTERISTC VALUE
Average Loan Size $150
Average Effective Interest Rate 16.7%
Average Loan Term 15 months
Cumulative Repayment Rate 99%
Water Loans as % of Portfolio to Date 38%
Sanitation Loans as % of Portfolio to Date 54%
Borrowers’ Average Monthly Household Income (INR) 3,415
Percent of Borrowers Below Poverty Line 52%
Percent of Loans Given to Female Borrowers 89%
Percent of Loans Given to Those in Rural Areas 80%
Making Progress in IndiaINDICATOR Progress to
DateExpected by April 2016
WaterCredit Partners 18 23
Water.org Partner Investment $4.9 million $9.65 million
Expected Financial Capital Leveraged
$20.7 million $48.2 million
Indian States Impacted 13 15
WaterCredit Loans Disbursed 98,600 325,000
Water and/or Sanitation Beneficiaries
490,000 1,500,000
Overview of ChallengesWater-Related Issues
Water Resource ManagementWater QualityWater Infrastructure
Other ChallengesMicrofinance EnvironmentAwareness of Sanitation OptionsScaling WaterCredit in New Markets
Evaluating Impact
0%20%40%60%80%
100%
BaselinePost-line
Future Evaluation EffortsPlanning more systematic evaluation of
WaterCredit work occurring between 2008-11.
Common evaluation survey and protocol administered by current WaterCredit partners in 2011-12Includes treatment and control groupsOver 11,000 baseline and 8,000 postline
surveysIncludes demographic, socio-economic, water
& sanitation, hygiene, WaterCredit, health, and other data
Contract with 3rd party researcher to evaluate 2011-16 initiative.
THANK YOU!