With reference to ‘Water Credit’, consider the following statements: 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?

Question

With reference to ‘Water Credit’, consider the following statements: ​ 1. It puts microfinance tools to work in the water and sanitation sector. ​ 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. ​ 3. It aims to enable the poor people to meet their water needs without depending on subsidies. ​ Which of the statements given above are correct? ​

CollectorBabu · Accepted Answer

Correct Answer: 1 and 3 only ​. Statement 1 is correct:   Water Credit is a powerful solution and the first to put microfinance tools to work in the water and sanitation sector. Statement 2 is incorrect:   It is a global initiative launched by Water.org. Water.org is a global nonprofit organization working to bring water and sanitation to the world. Statement 3 is correct:  Water Credit helps bring small loans to those who need access to affordable financing and expert resources to make household water and toilet solutions a reality.

Contact Information

Services