With reference to WaterCredit, consider the following statements – (a) It puts microfinance tools to work in the water and Sanitation sector. (b) It is a global initiative launched under the aegis of the World Health Organization and the World Bank. (c) It aims to enable poor people to meet their water needs without depending on subsidies.

By BYJU'S Exam Prep

Updated on: September 25th, 2023

Which of the statements given above are correct?

1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3

With reference to WaterCredit, the statements It puts microfinance tools to work in the water and Sanitation sector and It aims to enable the poor people to meet their water needs without depending on subsidies are correct. A worldwide nonprofit group called Water.org is trying to improve access to water and sanitation for everyone.

Table of content

1. With reference to WaterCredit, consider the following statements – (a) It puts microfinance tools to work in the water and Sanitation sector. (b) It is a global initiative launched under the aegis of the World Health Organization and the World Bank. (c) It aims to enable poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct? (a) 1 and 2 only, (b) 2 and 3 only, (c) 1 and 3 only, (d) 1, 2 and 3

Its main goal is to increase safety, accessibility, and economy.
The first company to use microfinance methods in the water and sanitation industry, WaterCredit is a potent answer. As a result, statement 1 is true.
To aid those who require access to reasonable financing and knowledgeable resources to make home water and toilet solutions a reality, WaterCredit offers small loans.
Water.org provides a selection of clever solutions that remove financial constraints from access to clean water and sanitary facilities for those who live in poverty.
The WaterCredit Initiative works with our local banking partners to expand their loan portfolios to include loans for water and sanitation solutions.
These partners then assemble capital market resources to offer accessible loans to those in need of water.
These loans are used by those who are poor to install a toilet or a tap in their homes. As a result, assertion 3 is accurate.
Every loan that is repaid gives another family the chance to quickly and affordably get the toilets and safe water they require.
It is a pay-it-forward method that enables lasting assistance to more people.

Summary:

With reference to WaterCredit, consider the following statements – (a) It puts microfinance tools to work in the water and Sanitation sector. (b) It is a global initiative launched under the aegis of the World Health Organization and the World Bank. (c) It aims to enable poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct? (a) 1 and 2 only, (b) 2 and 3 only, (c) 1 and 3 only, (d) 1, 2 and 3

Regarding WaterCredit, the claims that it uses microfinance instruments in the water and sanitation sector and that it intends to help the underprivileged meet their water needs independently are true. Under the World Health Organization and the World Bank, it is ineffective. As a result, assertion 2 is untrue.

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