Phnom Penh, Cambodia, February 6, 2019 – The Pioneer Facility, a fund managed by Nexus for Development, has signed a new deal to provide debt funding to Khmer Water Supply Holding (KWSH), a social enterprise that greatly increases access to clean, piped water for Cambodia’s rural population.
KWSH is working toward the consolidation of the fragmented piped water sector of Cambodia by acquiring, standardizing, and expanding small-scale piped water stations throughout the country. Nexus’s decision to invest is driven by KWSH’s track record in delivering piped water to rural Cambodia, where only 8.5% of households are connected to piped water. The company has already connected over 13,000 households to piped water and has a long-term plan to provide clean water to over 60,000 households and 300,000 individuals.
The Pioneer Facility is working with KWSH to directly finance the acquisition of two additional piped water stations with a combined connectivity potential of approximately 12,500 households. In combination with the acquisition, the funds will be used to construct water treatment plants, hire staff, purchase new water sources, and purchase and install equipment such as pipelines to the households.