Acumen Fund Announces New Water Portfolio Investments in Drinking Water and Irrigation for Low-Income Communities in South Asia

New York, NY (PRWEB) June 3, 2008 — Acumen Fund, an international venture philanthropy fund [...] announced the following new investments as part of its expanding water portfolio:

• An USD 1,369,000 follow-up loan guarantee for WaterHealth International (WHI), for a financing facility they have established in India to build up to 200 rural community water systems;  since 2006, Acumen has been providing a loan guarantee to help WHI access a loan from ICICI Bank, India’s second largest bank, and fund their expansion in India
• An USD 60,000 equity investment in Environment Protection Group Limited (EPGL), an India-based company that operates affordable community reverse osmosis systems for the treatment of drinking water;  EPGL will initially target twenty-three rural communities in Gujarat and two communities in an urban slum area of Delhi; each system serves 500 households, which amounts to 60,000 people
• An USD 1,030,000 equity investment in Global Easy Water Products Pvt Ltd. (GEWP), an India-based company, to distribute drip irrigation technology to small-scale rural farmers in seven states in India.

Read the full press release