1、2008 Annual Reportwater.orgMerriam-Websters Online DictionaryWe envision the day when everyone in the world can take a safe drink of water.Table of Contents Message from Gary.4 International ProgramsYear in Review.7 Regional Feature:Africa.11 Regional Feature:Latin America.16Regional Feature:Asia.23
2、 Other HighlightsImportant Partnerships Formed.28Raising Awareness and Inspiring Action.32Financials.36Thank You.38Board of Directors and Advisory Council.42Water Facts.43 It was during a visit to the Valmiki Nagar slum in Hyderabad,India,that the impact of WaterCredit hit me full force.I was talkin
3、g to Gowrammal,a 65-year-old woman who had to travel down a steep,rocky hill to an open field in order to defecate.Desperate for a toilet and the dignity it would provide,she took out a$50 loan from a loan shark at a 110%interest rate.This was a woman who earned about$5 per week as a street vendor.I
4、 realized how access to affordable credit could empower Gowrammal and others like her to seek water and sanitation solutions.That was almost four years ago.Since then,the WaterCredit Initiative has been successfully piloted in India,Bangladesh and Kenya,and has proven not only that market demand for
5、 water and sanitation loans exists,but that the poor will repay their microloans.In 2008,WaterCredit had a major breakthrough.For the first time,a number of our partner organizations were able to obtain funding for the loans directly from commercial banks.In other words,the commercial lenders were w
6、illing to finance water and sanitation microloans for the poor.This involvement of market forces means there is huge potential to scale up the initiative.This is incredibly exciting because not only could affordable credit empower millions of people to obtain safe water and sanitation,but it also fr