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    Case Study Scotia Bank Susmit & Ashwin

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    Susmit Saha
    Scotiabank Peru launched a water and sanitation program in 2010 in collaboration with the World Bank and CARE. The program provided small loans to low-income families making less than $200 per month to improve basic sanitation facilities. The loans helped families access financing and education to upgrade water and sanitation conditions, leading to better health and quality of life outcomes. Key benefits included helping communities gain improved access to sanitation and reducing environmental contamination from public facilities. The program was recognized in 2010 for its leadership in basic needs financing.

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    Case Study Scotia Bank Susmit & Ashwin

    Uploaded by

    Susmit Saha
    63 views2 pages
    Scotiabank Peru launched a water and sanitation program in 2010 in collaboration with the World Bank and CARE. The program provided small loans to low-income families making less than $200 per month to improve basic sanitation facilities. The loans helped families access financing and education to upgrade water and sanitation conditions, leading to better health and quality of life outcomes. Key benefits included helping communities gain improved access to sanitation and reducing environmental contamination from public facilities. The program was recognized in 2010 for its leadership in basic needs financing.

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    Scotiabank Peru launched a water and sanitation program in 2010 in collaboration with the World Bank and CARE. The program provided small loans to low-income families making less than $200 per month to improve basic sanitation facilities. The loans helped families access financing and education to upgrade water and sanitation conditions, leading to better health and quality of life outcomes. Key benefits included helping communities gain improved access to sanitation and reducing environmental contamination from public facilities. The program was recognized in 2010 for its leadership in basic needs financing.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    63 views2 pages

    Case Study Scotia Bank Susmit & Ashwin

    Uploaded by

    Susmit Saha
    Scotiabank Peru launched a water and sanitation program in 2010 in collaboration with the World Bank and CARE. The program provided small loans to low-income families making less than $200 per month to improve basic sanitation facilities. The loans helped families access financing and education to upgrade water and sanitation conditions, leading to better health and quality of life outcomes. Key benefits included helping communities gain improved access to sanitation and reducing environmental contamination from public facilities. The program was recognized in 2010 for its leadership in basic needs financing.

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    CSR INITIATIVES OF SCOTIABANK

    Scotiabank Peru was founded in 2006 and is headquarter in Lima, Peru and is the local
    subsidiary of Canadian Bank of Nova Scotia. This bank is the result of merger between local
    banks Wiese Sudameris and BancoSudamericano. The bank provides retail, corporate,
    commercial and investment banking services for individuals and businesses. At present, the bank
    has 178 branches and 500 ATMs in Peru.
    In 2010, Scotiabank Peru launched a unique product in collaboration with the World bank and
    care( an aid organization dedicated to fighting poverty), for their Water and Sanitation program.
    Its goal was to provide small loans to very low income families to help them improve basic
    sanitation conditions. The product offering included financing and education that was delivered
    by the Bank’s partners. Scotiabank has been part of this program since its inception in 2008.
    The product was targeted to clients in rural and urban Peru with monthly incomes of under $200
    per family. Many of these clients has little access to basic sanitation facilities, let alone banking
    services. This financial service allow families to improve water and sanitation condition, as well
    as their knowledge of the links between hygiene, health and nutrition.
    While the key social benefits of the program is helping communities obtain a better quality of
    life through access to credit for sanitation purposes, there are environmental benefits, such as
    reduced contamination in public latrines, rivers and streams.
    The Water and Sanitation program was shortlisted for the 2010 Financial Times Sustainable
    Banking A wards in the achievement in Basic Need Financing category. The Financial Times
    awards highlight international banks that demonstrate leadership and innovation in corporate
    social responsibility. The achievement in Basic Needs Financing category was new for the
    awards in 2010, and recognizes a form of microfinance that focuses on providing financing for
    essential need such as energy, food and water.

    Questions
    1.) Critically analyze the social benefits of water and sanitation program.
    2.) Why Scotiabank Peru launched water and sanitation program in collaboration with World
    Bank?
    Answers:
    Ans1:
    The key social benefits of water and sanitation program is helping communities by obtaining a
    better quality of life. Investment in water supply and sanitation services typically generates a
    number of economic, environmental and social benefits.
    It also has Access to clean drinking water and sanitation reduces health risks and frees-up time
    for education and other productive activities, as well as increases the productivity of the labor
    force, Environmental benefits, such as reduced contamination in public latrines, rivers and
    streams.
    Helps in better functioning of ecosystems, biodiversity, as well as for economic sectors that
    depend on water as a resource like fishing, agriculture, tourism.

    Ans 2:
    Scotiabank Peru, World bank and care foundation collaborated to fight for water and sanitation
    program. Their goal was to provide small loans to very low-income group families to help them
    improve basic sanitation conditions. Product offering included financing and education.
    The product was targeted to clients in rural and urban Peru with monthly incomes of under $200
    per family. The financial service allowed the families to improve their water and sanitation
    condition.
    The project was to increase the access to and quality of water and sanitation service in different
    cities around the country, as well as the implementation of reforms by policies. They wanted to
    lay the groundwork for reducing current gaps in service access and quality in the water &
    sanitation sector.

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