Sunday, 31 May 2015

TERRACLEAR WATER PROJECT IN LAOS

Kiva small loans are a great way to help fund projects and individuals in developing countries. It is a simple idea, lend $25 to someone starting a project and over time they repay you (and the group of lenders who also participated) and you re-lend to new projects. Pretty simple. You can find Kiva via this link.

The latest loan we made was to a project in Laos providing clean drinking water. In Laos, nearly half of the population lacks access to safe drinking water, causing widespread waterborne illness.

TerraClear is a social enterprise with the mission to increase access to safe drinking water, especially in remote households.

Since 2010, TerraClear has been locally manufacturing ceramic water filters, which provide effective and long-term household access to clean water. 

TerraClear's success has been built on promoting an affordable and easy to use product with an innovative design. TerraClear became a Kiva Field partner at the beginning of the year to increase its outreach and provide these water filters to its end users. Ceramic Water Filters have helped over 40,000 families to access clean water in Laos.

Currently, TerraClear is scaling up production and delivery to more remote areas. To achieve this, Kiva has partnered with Nexus Carbon for Development to provide a loan of $24,000 to TerraClear to purchase a second delivery truck to service remote households of Laos with safe drinking water. TerraClear recently purchased its first new truck – made possible by the generous support of the Kiva community – which is already helping to bring clean, safe drinking water to over 500 people across rural Laos every week.

The second truck will allow TerraClear to transport 120-130 water filter sets per trip, which will reduce the number of trips from the provinces back to the distribution center. This will dramatically increase the number of filters reaching households every week.

As TerraClear is scaling-up, this investment will require some time to produce returns. The loan has been structured with two repayment dates with the expectation that lenders could get paid back earlier if TerraClear produces results quicker than anticipated.

(Info on TerraClear from Kiva website)

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