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Pump Aid shortlisted for FT/IFC Award

Posted on: May 23, 2018
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Pump Aid has been shortlisted for the 2018 FT/IFC Transformational Business Awards for Achievement in Sustainable Development: Education, Knowledge and Skills.

Our Beyond Water self-supply programme helps to create and grow small businesses in Malawi that build, sell, maintain and repair water pumps and wells. In addition to water and sanitation for domestic clients, these businesses repair and maintain community pumps and provide affordable irrigation for the small-scale farmers who make up 85% of Malawi’s population. The private sector will play a crucial role in global efforts to achieve the UN Sustainable Development Goals and eliminate water poverty.

It’s crucial that we continue to provide Malawians with the option to invest in their own water and sanitation products, rather than rely on external actors, and invest in the establishment and growth of small Malawian businesses to provide this.

By developing and applying innovative and disruptive business solutions, we are increasing the impact and effectiveness of interventions, and blending finance combined with other capital sources to ensure scalability and sustainability.

With funding from DFID’s Challenge Fund and working alongside UNICEF, Pump Aid trained and mentored local entrepreneurs to equip them with the skills they need to set up viable businesses to increase access to water in their communities. This programme is now known as Beyond Water, you can read more about it here.

Our pilot programme provided intensive support to a group of 25 motivated WASH (water, sanitation and hygiene) entrepreneurs and encouraged them to supply a range of products and services to communities, small-scale farmers and individual households. We also linked customers with small-scale savings and loan initiatives to provide an affordable means for investment.

You can read more about the Transformational Business Awards here.

The International Finance Corporation is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries.

FT Live is the global events arm of the Financial Times. FT Live organises conferences, awards and other events across the world.