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Article

7 Dec 2011

Author:
Monica Luhar, India-West

Caterpillar, WaterCredit Announce $3M Program for Clean Water [India]

In an effort to provide affordable clean water and sanitation for communities in places such as Karnataka, Pondicherry and Tamil Nadu, Caterpillar Foundation and Water.org Nov. 29 announced a $3 million partnership effective for the next three years. Water.org’s WaterCredit program seeks to enhance lives by helping communities obtain clean water and sanitation. A huge part of the program consists of facilitating loans and communicating with microfinance institutions which will then provide reusable and affordable loans to communities in India and beyond...“We are very excited about the partnership with Water.org primarily because of the fantastic work that Water.org does to help people in poverty and in very needy parts of the world. It also fits closely with our mission,” Caterpillar corporate public affairs director Jim Baumgartner told India-West. [also refers to PepsiCo]