Digital Finance Plus: Interview with Rasoul Mikkelsen

Publisher:
CGAP
Publication Date:
11 December 2013
Tags:
Africa, Water and Sanitation, Sustainable Development, Innovation

Grundfos is a global market leader in designing and selling water systems and is one of the world's leading pump manufacturers. Grundfos foresaw the opportunity to use digital finance to make clean water more accessible, and in 2010 launched "Lifelink", an innovative water distribution system for rural communities that leverages M-PESA. Upon realizing that rural community water projects were often unsustainable due to poor accounting systems, Grundfos conceptualized a pay-as-you-go (PAYGO) model that improves community water management by increasing transparency and reducing the reliance on cash.

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