Village Financial Services Pvt Ltd., a Kolkata-based microfinance company, has signed an MoU with Hindustan Unilever Ltd to promote use of safe drinking water among the poor. The collaboration will enable poor households to purchase HUL’s Pureit water purifiers through the VFS network. The targeted 250,000 beneficiaries will be offered loans at zero rate of interest to buy the purifier. The loan is repayable weekly over a period of eight months.
Source: Hindu Business Line, 20 Jul 2010