El Salvador: $2 million for Water Projects

The IDB has provided a $2 million credit line to ProCredit Bank SA for a program of credit and technical assistance for community water projects.

Monday, January 30, 2012

A press release from the Inter-American Development Bank (IDB) reads:

The Inter-American Development Bank (IDB) will help to expand and improve access to clean and affordable water to poor communities in El Salvador with a loan of U.S. $2 million to ProCredit Bank SA for a program of credit and technical assistance for community water projects.

ProCredit Bank will use the resources and another $2 million of their own to provide loans to small local operators to improve, repair and expand water supply systems. The project will also provide training to operators in order to strengthen their business, finance and property management and to mitigate the environmental impacts of their operations. The project is expected to help about 14,000 low-income families to improve or gain access to affordable water services.

‘The impact of this development project could be tremendous. Communities with drinking water and sanitation systems are healthier, with fewer diarrhea related diseases and lower mortality rates,’ said Carmen Alvarez-Basso, head of the project team Opportunities for the Majority at the IDB. ‘These communities spend less on water and women and girls no longer spend hours fetching water from distant sources and are more likely to stay in school.’"

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