$3.4M as a mix of grant and investment from 2021 to 2023
1001fontaines uses low-cost technology and a social business approach to provide sustainable access to safe drinking water in poor rural areas of developing countries. It is active in Cambodia, as well as Madagascar, Vietnam and Myanmar.
In Cambodia 1001fontaines operates via Teuk Saat, its local NGO. It constructs water treatment stations that are run under a franchise model and provides support to the local entrepreneurs who run them. Water is sold in ‘O-We’ branded bottles and delivered to households at an affordable price ($0.01 per litre), sufficient to cover operating costs.
Teuk Saat reached operational breakeven at the end of 2020, running a portfolio of 250 stations serving 500,000 customers and 300,000 school children. It now aims to reach the next level of scale, by further expanding and strengthening operations over the next three years – reaching a portfolio of 360 stations serving over one million people by the end of 2023.
The Foundation is supporting the expansion of services in Cambodia, as well as initiatives to improve operational performance of stations.