The COVID-19 pandemic exacerbated the need for clean, safe water for hygiene in homes, schools and workplaces to help slow the virus’ spread. In countries such as Honduras, this presented a challenge. With help from a Mercy Partnership Fund investment, Azure Source Capital is helping to bring clean water to Latin America.
Azure Source Capital, a fund launched by Catholic Relief Services and the IDB Lab, recently provided funds that helped open a water purification plant that will provide clean, potable water to approximately 600 families in the Divina Providencia colonia in Honduras. The plant uses Agua Clara technology, developed by Cornell University students, to purify the water using resilient, gravity-powered drinking water and wastewater treatment technologies. This project marks Azure’s first successful loan in Honduras, and it expects to improve access for more than 200,000 people in Honduras by 2024. Mercy Partnership Fund’s investment also supports Azure Source Capital’s work in El Salvador where Azure’s financing has helped more than 17 water operators provide better services to more than 91,881 people.
Mercy Partnership Fund investments in more than 60 mission-driven organizations that reduce economic poverty, support economic and health opportunities for underrepresented persons, and protect the environment. Learn more about our work.