Wednesday, Feb 28 2024 | Time 18:59 Hrs(IST)
image
Press Releases » Business Wire India


Ujjivan Small Finance Bank Partners with Water.org to offer Water, Sanitation and Hygiene Loans

Business Wire India
Ujjivan Small Finance Bank (Ujjivan SFB) has announced a partnership with Water.org, a global non-profit organisation that helps people get access to safe water and sanitation through affordable financing, such as small loans. India has the highest population globally, and this partnership holds immense promise in offering affordable financing solutions for safe water and sanitation solutions to the masses.
 
Under the partnership, Water.org will assist Ujjivan SFB in identifying areas that require financing for clean water and hygienic sanitation. Water.org will provide technical assistance, market assessment, development of Information, Education and Communication (IEC) material, monitoring and evaluation support. To support the cause, Ujjivan SFB will be offering loans to existing as well as new customers starting from ₹6,000 up to ₹1,00,000 to enable them to construct and/or renovate water and sanitation facilities.
 
Ujjivan SFB disbursed over 5,000 Water and Sanitation (WATSAN) loans worth ₹30 crore last year, enabling customers to construct the necessary sanitation facilities in alignment with the Swachh Bharat mission of the Indian government. Through this partnership, Ujjivan SFB will further be able to provide safe drinking water and hygienic sanitisation facilities to 65,000 households by providing them affordable loans over the next 3 years.
 
On the occasion, Ujjivan SFB’s Managing Director & Chief Executive Officer, Mr. Ittira Davis said, “We are delighted to announce our collaboration with Water.org that will enable us to assist the citizens of India, to live a respectable life. Through the partnership, we aim to provide sustainable access to enhance their lifestyle through upgraded sanitation and safe water, which holds the key to improving the standard of living. This in turn will help them invest their time in more productive initiatives and contribute more to the economic progress of our country.”
 
Water.org sees a lot of potential in the proposed Water.org & Ujjivan SFB partnership. Ujjivan SFB’s strong branch presence & expertise in microbanking space will make a huge mark in further mainstreaming water & sanitation (WASH) lending. We look forward to a journey filled with learning & innovation,” said Mr. Manoj Gulati, Regional Director, South Asia, Water.org.
 
WATSAN loan has been introduced to address the challenges of safe drinking water, proper sanitation, hygienic environment through the creation of low-cost infrastructure for customers. The loan is available under the Group Loan category.

Disclaimer: This is syndicated feed from PR agency and any legal liability for the content is theirs only.

More News
Cleartrip Sees 4x Growth in B2B Business; Celebrates the Second Edition of Agentbox 2 0 Achievers’ Night

Cleartrip Sees 4x Growth in B2B Business; Celebrates the Second Edition of Agentbox 2 0 Achievers’ Night

28 Feb 2024 | 1:57 PM

Cleartrip Sees 4x Growth in B2B Business; Celebrates the Second Edition of Agentbox 2.0 Achievers’ Night

see more..
Harpic Launches Loocator App, Empowers Women on-the-go with Access to Usable Public Toilets to Prevent Pee Paranoia

Harpic Launches Loocator App, Empowers Women on-the-go with Access to Usable Public Toilets to Prevent Pee Paranoia

28 Feb 2024 | 2:09 PM

Harpic Launches Loocator App, Empowers Women on-the-go with Access to Usable Public Toilets to Prevent Pee Paranoia

see more..
NPST Wins Contract from DCB Bank for Online Dispute Resolution

NPST Wins Contract from DCB Bank for Online Dispute Resolution

28 Feb 2024 | 11:35 AM

NPST Wins Contract from DCB Bank for Online Dispute Resolution

see more..

Cropin Secures B Corp™ Certification, Strengthening its Commitment to Sustainable Food Systems

28 Feb 2024 | 11:00 AM

Cropin Secures B Corp™ Certification, Strengthening its Commitment to Sustainable Food Systems

see more..

WNS and HFS Research Launch Gen AI Market Impact Report

27 Feb 2024 | 6:30 PM

WNS and HFS Research Launch Gen AI Market Impact Report

see more..
image