The Foundation is carrying out bond financing with OSHUN

Today, nearly one billion people lack access to improved drinking water sources. Sub-Saharan Africa is one of the most affected regions: between 25 and 50% of its population still lack access to water from an improved drinking water source, and between 75 and 1,000 lack access to a household connection.

Founded in 2014, OSHUN deploys an innovative water service solution in rural areas. Based on an original business model that leverages local entrepreneurship, OSHUN provides high-quality water services through water kiosks at a price that matches the willingness to pay, while providing optimal health guarantees. This business, which is expected to expand to several African countries, began in rural Senegal.

For the first time, the Grameen Crédit Agricole Foundation's project committee has approved €200,000 in bond financing to cover investments and working capital for OSHUN, a new partner headquartered in France. This project is co-financed with the Caisse Régionale Alpes Provence, one of whose clients, the Société du Canal de Provence, is a stakeholder in the project. The Caisse Régionale benefited from the Foundation's expertise in the water sector and its knowledge of the local economy.

For more information on the Foundation's partners, click here.