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.
Ujjivan SFB is partnering with Water.org to help identify areas needing financing for clean water and hygienic sanitation. The partnership will provide technical assistance, market assessment, IEC material development, and monitoring support. Ujjivan SFB will offer loans ranging from Rs. 6,000 to Rs. 1,00,000 to customers to construct or renovate water and sanitation facilities. Last year, Ujjivan SFB disbursed over 5,000 Water and Sanitation (WATSAN) loans 30 crore, aligning with the Indian government’s Swachh Bharat mission.
The partnership aims to provide affordable loans to 65,000 households over the next three years. On the occasion, Ujjivan SFB’s Managing Director & Chief Executive Officer, Mr. Ittira Davis said “This in turn will help them invest their time in more productive initiatives and contribute more to the economic progress of our country.”
