Finish Presentation 1 All About Finish

F inancial IN clusion I mproves S anitation and H ealth FINISH: The Programme

F inancial IN clusion I mproves S anitation and H ealth Expanded F Financial IN Inclusion I Improves S Sanitation & H Health

F inancial IN clusion I mproves S anitation and H ealth Origins Late 2008 Conceived March 2009 Conceptualized October 2009 Implemented March 2014 Anticipated closure

F inancial IN clusion I mproves S anitation and H ealth Founding Partners WASTE Environment & Waste Management NGO Holland SNS REALL Assurance Company Holland UNU MERIT University Holland Tata-AIG Insurance Company India BISWA Micro-Finance Institution & NGO India

F inancial IN clusion I mproves S anitation and H ealth Vision , Mission and Goal Vision Visible change in sanitary, hygiene and health standards Mission Creating sanitation awareness among the people Enabling the financially excluded to access credit to build toilets Goal Improved sanitation for I million households by 2014.

F inancial IN clusion I mproves S anitation and H ealth FINISH Philosophy Financial Inclusion Overall: Use micro-credit and micro-insurance as financial incentives for behaviour change in sanitation Sanitation can affect and be affected by micro-finance But micro-finance is micro-credit plus micro-insurance Preferential access to household insurance reduces delinquency risk – and thus makes more and friendlier microcredit available

F inancial IN clusion I mproves S anitation and H ealth Create a demand for a sanitation micro-loan Show a toilet is a livelihood asset - not just a health asset Move towards priority sector lending – home improvement Stress re-finance possibilities But beware moral hazards of sanitation loans by evolving procedures to suit Micro-credit & Sanitation

F inancial IN clusion I mproves S anitation and H ealth Sanitation can impact the availability of life and health micro Insurance Claims data that validate health benefits of sanitation can monetize sanitation assets Long term goal: A primary care product with underwriting based on sanitation Micro-insurance & Sanitation

F inancial IN clusion I mproves S anitation and H ealth FINISH Philosophy Safe Rural Sanitation Overall: Sustainable development of safe rural sanitation But safe sanitation not just for dignity, convenience or aesthetics alone – but for (1) monetized health benefits and (2) pride of ownership Safe sanitation means paying careful attention to details : e.g., for design and construction: Soil and Topography Water sources and table Water availability

F inancial IN clusion I mproves S anitation and H ealth FINISH Philosophy Safe Rural Sanitation Safe sanitation also means creating awareness and changing habits , through IEC: Mass-media and face to face communication Continued monitoring of usage…. Stakeholder capacity building that reiterates key messages Emphasis on recycle and reuse possibilities Safe sanitation also means encouraging innovation : e.g., SIF /donor tie ups

F inancial IN clusion I mproves S anitation and H ealth FINISH Philosophy Safe Sanitation Since urban sanitation is resource-intensive : Expensive sewerage lines and centralized STP More water for flushing Greater energy use Does not recycle or recover nutrients And yet is subsidized Fiscal benefits on housing loans State-owned sewerage lines and treatment plants Is there a case for asking governments to subsidize the treatment system (construction of pits) in rural decentralized sanitation systems?

F inancial IN clusion I mproves S anitation and H ealth FINISH Philosophy Health Micro Health Insurance is a self-fulfilling prophesy! Densities crucial for health impacts of improved sanitation – hence access to credit angle is critical! Annual cost of poor sanitation = potential savings due to improved sanitation & hygiene: Household–level : 34% reduction in annual diarrheal incidents with hand washing National-level : Rs 2 lakh crores (6.4% of India’s GDP)

F inancial IN clusion I mproves S anitation and H ealth Significance of Densities Financial Inclusion Lowers operational costs Insurance and health schemes follow Law of large numbers Sustains demand due to higher visibility and demonstration effects Sanitation Enhances awareness creation enhanced Improves construction quality and makes it more uniform Encourages the use of alternative materials Lowers costs of monitoring usage Health Imperative Surveying General Strategic impact to partner and FINISH Society … community engagement

F inancial IN clusion I mproves S anitation and H ealth FINISH Methodology Partnering with Government Project Management Board with NABARD & NHB Project implementation Team Academic monitoring & evaluation and resource base Financial Engineering Working with partners : selection, enlistment, capacity building and engagement

F inancial IN clusion I mproves S anitation and H ealth FINISH Program Support Animator Allowance Coordinator Allowance IEC materials supply and dissemination Technology ,Training and capacity building Baseline Survey Output Based Aid Sanitation Investment Fund Financial Inclusion Linkages with Financial Intermediaries Linkages with other donors Advocacy

F inancial IN clusion I mproves S anitation and H ealth Challenges MFI Crisis … liquidity , Change in Grassroots Model… Priority sector status … Malegam Government program Linkages , Capital/Interest Subsidy Control of Moral hazards vis a vis Scale of operation Insurers interest ? Cost Inflation Rising Interest rates regime Absence of Pull factor Data Inconsistencies

F inancial IN clusion I mproves S anitation and H ealth Current Status 1.30 lakh Safe Sanitation Systems currently being verified Eight implementation partners across six States Society MFI NBFC MFI Trust MFI NGO managing SHG Federation IEC Film ‘Lets make it Right’ in five regional languages Backend engineering in progress Stakeholder meet on IEC and responsible investing Training and capacity building modules Donors and financing partners SIF pilots

F inancial IN clusion I mproves S anitation and H ealth The Way Forward De-risking --- PIT …. More than 50 partners by EOP FINISH Society Insurance linkages CSR Linkages FI and Bank linkages Advocacy Improved capacity building Partner Engagement

F inancial IN clusion I mproves S anitation and H ealth For more information Please visit www.finishsociety.com Or email [email_address]

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