Vedika Bhandarkar appointed Managing Director for Water.org in India

Vedika Bhandarkar appointed Managing Director for Water.org in India

- in News & Articles
1928
0
Vedika Bhandarkar appointed Managing Director for Water.org in IndiaMs. Vedika Bhandarkar

New Delhi, Delhi, India

Water.org announces the hire of Managing Director, India, Vedika Bhandarkar. Bhandarkar will serve as Water.org’s senior leader in India, overseeing the organization’s water and sanitation program expansion in the country.

To date, Water.org has enabled access to water and sanitation to more than 2.4 million people in India. The organization achieves this through its WaterCredit model—an approach that aims to empower families as powerful consumers of water and sanitation services through access to capital. WaterCredit uses philanthropic funding to drive credit for water and sanitation, primarily through microfinance, to increase access to improved drinking water and sanitation in a long-term and scalable manner. Given the distinct financial model that Water.org employs, Bhandarkar offers a unique blend of deep banking and capital markets experience and expertise to Water.org’s team at a time when the organization is forecasting enormous growth and scale, and a broadening of its approach to deploying capital.

Bhandarkar brings more than 25 years of experience building teams and businesses within Indian and international financial institutions. Most recently she served as Vice Chairman and Managing Director at Credit Suisse Securities (India) Private Limited. Previously, she served as the Managing Director & Head of Investment Banking at JPMorgan. She began her career at ICICI Bank. Since early 2015, she has dedicated her time to corporate boards and social enterprise, serving as Director of several boards and as volunteer, fundraiser and board member of the Jai Vakeel Foundation, an institution focused on children and adults with intellectual disability. She is based in Mumbai with her family.

I believe Water.org has developed a deep understanding of the water and sanitation issues afflicting many countries around the globe; clearly demonstrated through the delivery of innovative, sustainable WASH solutions which have made far reaching impact on millions of people in need. I am delighted to join and contribute to Water.org’s continuing efforts to help scale the impact in India; I look forward to working with all stakeholders toward improving the standard of health and livelihoods.Vedika Bhandarkar, Managing Director, India, Water.org

Bhandarkar will lead Water.org’s existing, India-based team to continue to scale WaterCredit by directing the provision of capacity-building grants and technical assistance to create, pilot, and scale water and sanitation financing.

Vedika’s passion lies in transforming the lives of the girl child through empowerment and education. She believes deeply in the power of water and sanitation access to help achieve transformative and positive change, enabling a better future for millions of Indians. We are pleased Vedika brings such passion along with a track record of successful leadership and financial expertise to further expand the impact of Water.org in India.Jennifer Schorsch, President, Water.org

About Water.org

For more than twenty years, Water.org has been at the forefront of developing and delivering solutions to the water crisis. Founded by Gary White and Matt Damon, Water.org pioneers innovative, community-driven and market-based initiatives to ensure all people have access to safe water and sanitation; giving women hope, children health and communities a future. To date, Water.org has positively transformed the lives of more than three million people living around the world.

About WaterCredit

WaterCredit provides funding to NGOs and microfinance providers for capacity building and technical assistance. These partners leverage those funds to access capital from banks and capital markets to disburse loans to people in need. Borrowers pay water and sanitation service providers for products and services. WaterCredit in India has facilitated nearly 600,000 water and sanitation loans, while maintaining a repayment rate of over 99%; 96% of the borrowers are women.

Business Wire India

Business Wire India is the definitive platform for corporate news distribution and media monitoring for any company in India. We distribute news across India for leading Indian companies to startups and any company in the world interested in reaching this vibrant market. We are the exclusive India affiliate of Business Wire, a Berkshire Hathaway Company.

-
View All Posts

Facebook Comments

You may also like

CSR initiatives during Covid-19 is bringing Companies closer in Thailand

Since April 2020, Thailand has locked down its