Caspian Debt plans to deploy $10 million towards Water and Sanitation sector by 2028
Caspian Debt signed a Memorandum of Understanding (MoU) with Water.org to promote the growth and development of the Water Sanitation and Hygiene (WASH) ecosystem. Caspian Debt intends to deploy USD 10 million by 2028 for the WASH sector as they believe that 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. This investment is projected to benefit approximately 50,000 households.
The major area of collaboration between Caspian Debt and Water.org capitalizes on the knowledge and network support of each organization to catalyze the flow of credit to 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.