Caspian Debt signs MoU with Water.org
December 18, 2020
Viswanatha Prasad, Managing Director- Caspian Debt.×
To deploy $10 million in water, sanitation sector
Caspian Debt has signed a memorandum of understanding with Water.org to promote the growth and development of the Water Sanitation and Hygiene (WASH) ecosystem.
Caspian Debt intends to deploy $10 million by 2028 for the WASH sector as the sector is currently underfunded and has immense potential for impact. The agreement increases the availability of funding for micro, small and medium enterprises (MSME) in the WASH sector.
With the support of Water.org, Caspian Debt plans to expand their funding pipeline of MSMEs/MFIs in the water and sanitation. Water.org will facilitate collaboration between Caspian Debt and banks, financial institutions, and multilateral agencies to access blended financing sources.
Using debt for impact
Sudy Sampathkumar is a partner in The Bridgespan Group’s Mumbai office. He recently joined Bridgespan from Bain & Company, and has more than 30 years of consulting and private equity experience. Sudy has deep experience in strategy, performance improvement, and organisational consulting across a wide range of sectors, and he has published a number of articles in business and news magazines and newspapers in India.
Sam Whittemore is a manager in Bridgespan’s Boston office. Since joining the organisation in 2015, he has worked on a range of cases with impact investors, foundations, and non-profit organisations. Sam’s impact investing work involves designing and implementing due diligence methodology and processes for various impact investing funds, with a focus on the potential impact of investments.