International Finance Corporation (IFC) will finance a $15 million indian project of WaterHealth International, Inc. (WHI) . The facility is in the form of long term loans to help more than 600 communities in India fund the purchase of WaterHealth Centres over the next 18 months, with the capacity to serve more than three million people.
Last month, WHI had announced the first close of its series D funding for a total equity investment of more than $10 million. The firm has more than 600 installations of its water purification and disinfection systems in developing countries, with over 200 systems currently operational in India.
WaterHealth plans to expand rapidly so as to respond to the problem of water borne diseases in India. The project will provide access to affordable and clean drinking water to rural households. As more villages would get added, the project will help generate local employment and provide training which would in turn significantly improve the earnings of the rural households.
WaterHealth International, Inc. provides business solutions to the problem of lack of safe, clean and affordable water. WHI combines its water purification and disinfection technology with business approaches to enable the delivery of affordable, clean water to the rural and underserved communities. WHI invests in health and hygiene education programs.
IFC is a member of the World Bank Group. It promotes sustainable economic growth in developing countries by supporting private sector development, mobilising private capital, and providing advisory and risk mitigation services to businesses and governments.
