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PepsiCo contributes $8m to scale ‘WaterCredit’ across India
PepsiCo Foundation and Water.org are to expand their partnership to scale WaterCredit, a market-driven model that will provide micro loans to families throughout India.
This expansion will help enable approximately 800,000 people to access safe water by March 2016, the company said.
The commitment is built upon a long-standing partnership between the PepsiCo Foundation and Water.org and is made possible by an $8m grant, the largest contribution by the Foundation in its 50-year history.
Indra Nooyi, chairman and CEO of PepsiCo, said: “Water is an integral part of PepsiCo’s business ecosystem, and ensuring access to clean, reliable sources of water is vital to the health and livelihood of communities around the world.
“We are pleased to extend our partnership with Water.org to expand proven and innovative strategies that will bring clean water and sanitation solutions to hundreds of thousands in India, and help enable a sustainable business in the future for PepsiCo.”
Source: PepsiCo
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