45 min listen
S6E26 - Breaking the Rules Saves Lives!
S6E26 - Breaking the Rules Saves Lives!
ratings:
Length:
1 minute
Released:
Aug 26, 2022
Format:
Podcast episode
Description
We could solve thirst on earth by breaking all the banking rules!
How do banks decide to grant you a loan?
Well, they check your background and how much you own and earn.
As a result, banks don't lend money to the poorest people as they never pass their screening process.
Most of the poorest people on earth also belong to the 2 billion humans that lack access to safe drinking water.
But here's the thing: as long as you don't have access to water, you're literally trapped in poverty.
To escape it, you need money to equip yourself with a pump, a well, or a tap. And as we've seen, banks will never grant you a loan.
That's where Water.org kicks in, with their microcredit approach called Water Credit.
Without any background check or caution, they lend money to these people that traditional approaches left aside.
And not only does it drastically better their life, Water.org's also reports a 99% payback of their loans!
A sign that we could solve thirst on earth by breaking all the banking rules!
Wanna dive deeper into the topic? Check out my exploration of the Problem with Water Charities.
?️ PODCAST ?️
Website: https://dww.show/podcast/
Smartlink: https://smartlink.ausha.co/dont-waste-water
? SOCIAL MEDIA ?
LinkedIn: https://www.linkedin.com/in/antoinewalter1/
Instagram: https://www.instagram.com/dwwpodcast/
Twitter: https://twitter.com/AntoineWalter7
Facebook: https://www.facebook.com/DontWasteWaterPodcast
How do banks decide to grant you a loan?
Well, they check your background and how much you own and earn.
As a result, banks don't lend money to the poorest people as they never pass their screening process.
Most of the poorest people on earth also belong to the 2 billion humans that lack access to safe drinking water.
But here's the thing: as long as you don't have access to water, you're literally trapped in poverty.
To escape it, you need money to equip yourself with a pump, a well, or a tap. And as we've seen, banks will never grant you a loan.
That's where Water.org kicks in, with their microcredit approach called Water Credit.
Without any background check or caution, they lend money to these people that traditional approaches left aside.
And not only does it drastically better their life, Water.org's also reports a 99% payback of their loans!
A sign that we could solve thirst on earth by breaking all the banking rules!
Wanna dive deeper into the topic? Check out my exploration of the Problem with Water Charities.
?️ PODCAST ?️
Website: https://dww.show/podcast/
Smartlink: https://smartlink.ausha.co/dont-waste-water
? SOCIAL MEDIA ?
LinkedIn: https://www.linkedin.com/in/antoinewalter1/
Instagram: https://www.instagram.com/dwwpodcast/
Twitter: https://twitter.com/AntoineWalter7
Facebook: https://www.facebook.com/DontWasteWaterPodcast
Released:
Aug 26, 2022
Format:
Podcast episode
Titles in the series (100)
S1E3 - How to Almost Double Treatment Capacity in About No Time: with Thomas DEBRUYNE - Asia Pacific Digital Manager @ Veolia Water Technologies ?️ Thomas Debruyne is Asia-Pacific Digital Manager for Veolia Water Technologies. He also holds a role of Food & Beverage Market Segment Manager, and is a former Ope... by (don't) Waste Water! | Water Tech to Solve the World