{"id":296,"date":"2023-06-11T21:59:44","date_gmt":"2023-06-11T16:29:44","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=296"},"modified":"2024-04-03T07:18:42","modified_gmt":"2024-04-03T01:48:42","slug":"q-with-reference-to-watercredit-consider-the-following-statements","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-watercredit-consider-the-following-statements","title":{"rendered":"Q.\u00a0 With reference to WaterCredit\u2019, consider the following statements:"},"content":{"rendered":"\n
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  1. It puts microfinance tools to work in the water and sanitation sector.<\/li>\n\n\n\n
  2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank<\/strong>.<\/li>\n\n\n\n
  3. It aims to enable the poor people to meet their water needs without depending on subsidies.<\/li>\n<\/ol>\n\n\n\n

    Which of the statements given above are correct?<\/strong><\/p>\n\n\n\n

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    • 1 and 2 Only<\/li>\n\n\n\n
    • 2 and 3 Only<\/li>\n\n\n\n
    • 1 and 3 Only<\/li>\n\n\n\n
    • 1, 2 and 3<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer: c) 1 and 3 Only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Notes:<\/h3>\n\n\n\n
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      • Water.org is a global nonprofit organization working to bring water and sanitation to the world.<\/strong><\/li>\n\n\n\n
      • Its main objective is to make it safe, accessible, and cost-effective.<\/li>\n\n\n\n
      • WaterCredit is a powerful solution and the first to put microfinance tools to work in the water and sanitation sector.<\/strong><\/li>\n\n\n\n
      • WaterCredit helps bring small loans to those who need access to affordable financing <\/strong>and expert resources to make household water and toilet solutions a reality.<\/li>\n\n\n\n
      • Water.org offers a portfolio of smart solutions that break down the financial barriers between people living in poverty and access to safe water and sanitation.<\/strong><\/li>\n\n\n\n
      • The WaterCredit Initiative work with our in-country financial partners to add loans for water and sanitation solutions to their portfolios.<\/li>\n\n\n\n
      • These partners then mobilize funding from capital markets to provide affordable loans to people in need of water.<\/li>\n\n\n\n
      • People living in poverty use these loans to put a tap or toilet in their homes.<\/strong><\/li>\n\n\n\n
      • Every repaid loan creates the opportunity for another family to get the safe water and toilets they need, fast and affordably.<\/li>\n\n\n\n
      • It is a pay-it-forward system that makes it possible to help more people in ways that will last.<\/li>\n\n\n\n
      • It does not<\/mark> work under World Health Organization and the World Bank.<\/strong><\/li>\n<\/ul>\n\n\n