01-05-2025
Vedika Bhandarkar Believes We Can Solve the Water Crisis in Our Lifetime
While her children's advice was heartening, what really motivated her was realizing how the lack of access to water exacerbated many other problems that impoverished communities faced, especially among women and girls, who use up a good portion of their day fetching water. 'They don't have time to spend either looking after their families and/or engaging in other economic activities,' says Bhandarkar, who, with her husband, had focused their philanthropic giving on women and girls even before becoming a professional in the aid world. 'Girls drop out of school because they're helping their moms collect water, or you have health issues because you don't have access to safe water. When we solve this, we'll also make progress on so many other aspects.'
Providing water is not a one-size-fits-all proposition. Some places have plenty of rain, but it's seasonal. Householders there would benefit from a tank. Others have groundwater but need a treatment plant or a pump. For many, fecal contamination is the main issue. In 2016 the World Bank estimated it would cost about $114 billion annually to meet the globe's basic water needs, and annual expenditure was about $20 billion—and that was before Western countries including the U.S. and the U.K. began to shrink their foreign-aid budgets. way of addressing that shortfall is to help provide funds to kick-start local water programs that the recipients pay for, via loans.
has created several avenues to entice people to fund water access. One of these is a group of five funds, known collectively as WaterEquity, from which donors and investors supply capital to local banks and credit providers, who then make loans to people who need water infrastructure, whether for drinking or sanitation. Bhandarkar's expertise and contacts have helped mobilize the whole spectrum of finance from philanthropists to investors to put this capital together. 'In an ideal world you could say, well, this should be funded by the government, but today there is a big funding gap, and it needs everybody to lean in,' she says. The organization also operates WaterConnect, which offers early-stage funding and technical know-how to local developers to build water infrastructure, and WaterCredit, which provides microloans to families in the developing world for safe water and sanitation.
Initially, some of local partners resisted facilitating loans as opposed to grants. But Bhandarkar believes loans are a more sustainable model and allow many more people to be helped. declines to dictate the interest rates charged on the loans, although they are careful about their collaborators. 'You need to leave that decision to the financial institution,' she says. 'If you start telling them 'Charge X and not Y,' then you start distorting the market, and they will do water and sanitation lending only as long as you're partnering with them, and when you step away, they will stop.' So far, 179 partners in 16 countries have made 16.9 million loans, and the organization believes it has had an impact on 76 million people.
As the developed nations begin to withdraw most of their support for their impoverished neighbors, Bhandarkar feels the responsibility of her work more keenly. 'There are so many great organizations who aren't able to work or whose ability to work is so severely curtailed right now,' she says. 'So the responsibility on us to put our heads down and work harder to achieve impact at scale is even more today than it was a year ago.' But she's optimistic. 'I do have hope that this problem can be solved,' she says. 'And I do have hope that this problem can be solved in our lifetimes."
