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Actor Matt Damon Scales Up Clean Water Venture With $200 Million Climate Infrastructure Plan
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Actor Matt Damon Scales Up Clean Water Venture With $200 Million Climate Infrastructure Plan

"To date, WaterEquity and Water.org have reached 58 million people through its small loan programs, which are paid back at a rate of 98%, according to the founders. White said they are targeting returns of 6-8% on the $150 million they raised in an oversubscribed fund last year, and then 10-12% for this latest infrastructure fund. The main populations they serve are India, Indonesia, Cambodia, the Philippines and Kenya, where the WaterEquity founders say women are disproportionately impacted by issues of clean water scarcity."

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