1. It puts microfinance tools to work in the water and sanitation sector. 

2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 

3. It aims to enable poor people to meet their water needs without depending on subsidies. 

Which of the statements given above are correct?

(a) 1 and 2 only 

(b) 2 and 3 only 

(c) 1 and 3 only 

(d) 1, 2 and 3 

Answer: c

Explanation: 

The Water Credit Initiative represents the creation of a new space at the intersection of water and sanitation and microfinance.

Hence, statement 1 is correct. 

By catalysing small loans to individuals and communities in developing countries who do not have access to traditional credit markets, WaterCredit empowers people to immediately address their own water needs. As loans are repaid, they can be redeployed to additional people in need of safe water. 

Hence, statement 3 is correct. 

Water Credit is an initiative of  Water.org, a global non-profit organisation working to bring water and sanitation to the world. 

Hence, statement 2 is incorrect.

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