How is your initiative financed (or how do you expect your initiative will be financed)?
In the first instance through a non-refundable philanthropic investment that has already been secured, and which covers the capital investment of a first 90 wells. Income from leasing will allow additional scaling up, while demonstration of financial viability will furthermore enable us to source additional (soft) loans or blended-value investment funds to increase the rate of scaling up.
Provide information on your finances and organization:
BushProof is a social-enterprise that is currently 100% financed from earned income, mainly through the sale of hand pumps and drilled wells. Diversifying revenue drivers to include income from leasing increase the organisation's financial stability, while making safe water available to those that currently can't pay for it.
2005 - 110,000 USD
2006 - 344,000 USD
2007 - 440,000 USD
What is the potential demand for your innovation?
Rural access to safe water in Madagascar is only 15%, providing a potential market of 12 million people. Our target is to scale up hand pump leasing to reach 1 million people after 5 years.
What are the main barriers to financial sustainability?
Willingness to pay for water in Madagascar, where NGO’s have build and donated water facilities for free. Secondly, mechanisms that enforce punctual payment of leasing fees in a remote rural setting while limiting transaction costs.