Monday, October 28, 2013
Danone-Backed Project Provides Water at Cost to Cambodia
By Julie Cruz, Bloomberg News, October 27, 2013
When Francois Jaquenoud knocked on Danone’s door seven years ago seeking clean-water funds for Cambodians, the maker of Evian turned him down. Two years later, Danone reversed course.
Just how did the Paris-based company that’s the biggest yogurt maker get involved half a world away in Cambodia?
Credit dates to when the founder of “1001 Fontaines pour demain,” French for “1,001 Fountains for tomorrow,” crafted a business plan to provide 2 liters (a half-gallon) of safe water a day to each Cambodian. From not a drop in 2004, the former Accenture Plc (ACN:US) consultant’s enterprise now sells water to 100,000 Cambodians at cost: less than a euro cent (1.38 U.S. cents) a liter.
Posted by Jendhamuni at 10:38 PM