Gary White is Chief Executive Officer and Co-Founder of two companies, Water.org and WaterEquity, which both provide safe drinking water and sanitation to people throughout Asia, Africa and Latin America. Gary’s entrepreneurial vision has driven innovative solutions to the way water and sanitation projects are delivered and financed. These innovations now serve as a model in the sector. Gary has three degrees in Civil and Environmental Engineering from the University of North Carolina-Chapel Hill and the Missouri University of Science and Technology. By supporting the sustainable growth of water and sanitation businesses in emerging markets there are hopes to accelerate an end to the global water crisis for hundreds of millions of men, women, and children.
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- Non-profit Social Enterprise
- Water; Social Innovation
- Areas of Impact
- South Asia, South Asia, North America, Africa, Middle East & North Africa, Tanzania, Uganda, Bangladesh, Brazil, Cambodia, Ethiopia, Ghana, Honduras, India, Indonesia, Kenya, Peru, Philippines
Water.org has successfully demonstrated that poor people can move from being beneficiaries to customers with the WaterCredit programme, which targets households with an income of $1.75 to $6 a day. Water.org underwrites the start-up costs incurred by microfinance institutions (MFIs) developing water and sanitation loan products, including loans for network connections (to utilities), rainwater harvesting tanks, pit latrines, bio-gas toilets, etc. Water.org also provides technical assistance to MFIs and small banks to start water and sanitation loan programmes. The average loan size is approximately $325 and rate of repayment has averaged 99% since 2003.
To date, Water.org has mobilized $722 million in capital, providing a multiplier effect of $35 for every $1 of philanthropy. Water.org's demand-driven approach and community management model have distinguished Water.org programmes from others, reaching more than 10 million people in Ethiopia, Ghana, Kenya, Tanzania, Uganda, Bangladesh, Cambodia, India, Indonesia, Philippines, Brazil, Honduras, and Peru.
WaterEquity is the first-ever impact investment manager dedicated to ending the global water crisis, with an exclusive focus on raising and deploying capital to water and sanitation businesses throughout Asia, Africa and Latin America. Co-founded in 2017, WaterEquity combines decades of financial and in-market experience to provide investors with a unique opportunity to drive positive social and financial impact. Lack of financing is the biggest barrier to ending the global water crisis. WaterEquity builds the market between impact investors and water and sanitation businesses reaching underserved communities, unlocking the level of capital needed to match the scale of this crisis. By supporting the sustainable growth of water and sanitation businesses in emerging markets, WaterEquity is accelerating an end to the global water crisis for hundreds of millions of men, women and children.