PEP Water org grant fact sheet Final
FACT SHEET PepsiCo Foundation and Water.Org Accelerate Impact on the Global Water Crisis with a Commitment to Scale ‘WaterCredit’ Across India
The PepsiCo Foundation’s $8 Million Grant to Water.org The PepsiCo Foundation is contributing $8 million to Water.org to scale WaterCredit, a model that will provide micro loans to families throughout India, enabling access to safe water to approximately 800,000 people by March 2016. This is the largest contribution ever granted by the PepsiCo Foundation in its 50-year history. Background on PepsiCo and Water.org’s Partnership This new commitment builds on the PepsiCo Foundation’s prior $4.1 million contribution to Water.org in 2008, which, as of May 2011, has provided access to improved water and sanitation though microfinance loans to more than 250,000 people in India. By 2016, Water.org and PepsiCo will have reached more than one million people with safe water and sanitation and significantly scaled the WaterCredit model in India. About The WaterCredit Microfinance Model The Water and Sanitation Crisis in India The WaterCredit Model applies principles of microfinance Today, 884 million people don’t have access to safe water – to the water and sanitation sector. By making small loans to that is about one in eight people worldwide. (UNICEF/WHO, individuals and communities in developing countries who 2008) do not have access to traditional credit markets, WaterCredit empowers people to address their own water More than 130 million people lack access to safe drinking needs. The repaid loans are put into a revolving fund and water in India. (The World Bank Development Indicators, 2008) are then re-loaned to the next individual or community. Over the last three years, Water.org and its partners in Almost 800 million people in India do not have access to India have used the power of WaterCredit to reach double hygienic sanitation facilities. (The World Bank Development the amount of people while reducing the philanthropic cost Indicators, 2008) per person served by nearly 50 percent. More information can be found at http://watercredit.org and http://water.org/watercredit. PepsiCo’s Commitment to Water Stewardship Water stewardship is an integral part of Performance with Purpose – PepsiCo’s mission to deliver sustainable growth by investing in a healthier future for people and our planet. As part of this commitment, PepsiCo has pledged to: Provide access to safe water to three million people in developing countries by the end of 2015; Improve water use efficiency by 20 percent per unit of production by 2015; and Strive for “positive water balance” in water-distressed areas. PepsiCo and the PepsiCo Foundation have pledged nearly $34 million to safe water and sanitation initiatives in developing countries since 2005, in partnership with organizations, including the Inter-American Development Bank’s AquaFund, Safe Water Network, China Women’s Development Fund, Save the Children, International Rescue Committee, Earth Institute at Columbia University and The Energy Resources Institute.
The PepsiCo Foundation’s $8 Million Grant to Water.org The PepsiCo Foundation is contributing $8 million to Water.org to scale WaterCredit, a model that will provide micro loans to families throughout India, enabling access to safe water to approximately 800,000 people by March 2016. This is the largest contribution ever granted by the PepsiCo Foundation in its 50-year history. Background on PepsiCo and Water.org’s Partnership This new commitment builds on the PepsiCo Foundation’s prior $4.1 million contribution to Water.org in 2008, which, as of May 2011, has provided access to improved water and sanitation though microfinance loans to more than 250,000 people in India. By 2016, Water.org and PepsiCo will have reached more than one million people with safe water and sanitation and significantly scaled the WaterCredit model in India. About The WaterCredit Microfinance Model The Water and Sanitation Crisis in India The WaterCredit Model applies principles of microfinance Today, 884 million people don’t have access to safe water – to the water and sanitation sector. By making small loans to that is about one in eight people worldwide. (UNICEF/WHO, individuals and communities in developing countries who 2008) do not have access to traditional credit markets, WaterCredit empowers people to address their own water More than 130 million people lack access to safe drinking needs. The repaid loans are put into a revolving fund and water in India. (The World Bank Development Indicators, 2008) are then re-loaned to the next individual or community. Over the last three years, Water.org and its partners in Almost 800 million people in India do not have access to India have used the power of WaterCredit to reach double hygienic sanitation facilities. (The World Bank Development the amount of people while reducing the philanthropic cost Indicators, 2008) per person served by nearly 50 percent. More information can be found at http://watercredit.org and http://water.org/watercredit. PepsiCo’s Commitment to Water Stewardship Water stewardship is an integral part of Performance with Purpose – PepsiCo’s mission to deliver sustainable growth by investing in a healthier future for people and our planet. As part of this commitment, PepsiCo has pledged to: Provide access to safe water to three million people in developing countries by the end of 2015; Improve water use efficiency by 20 percent per unit of production by 2015; and Strive for “positive water balance” in water-distressed areas. PepsiCo and the PepsiCo Foundation have pledged nearly $34 million to safe water and sanitation initiatives in developing countries since 2005, in partnership with organizations, including the Inter-American Development Bank’s AquaFund, Safe Water Network, China Women’s Development Fund, Save the Children, International Rescue Committee, Earth Institute at Columbia University and The Energy Resources Institute.
