e-MFP WASH Action Group Presents WASH Indicator Framework at IF25; Upcoming Webinar in February to Launch Framework Publication

13 Jan 2026

At this year’s Inclusive Finance 2025 (IF25) hosted in Luxembourg, e-MFP and Aqua for All Water, Sanitation and Hygiene Action Group (WASH AG) presented its current progress on the development of an Indicators Framework, a project that has been underway over several phases since 2023.

Developed in collaboration with financial service providers (FSPs) and impact investors across multiple countries, the current phase of work has involved field-testing of impact indicators, to create a sustainable and refined model for WASH data collection and analysis for impact investors and the broader inclusive finance sector. Doing so will strengthen accountability, improve impact measurement, and ultimately encourage more investment into a critically underfunded sector.

The IF25 session brought together Jaser Ali of Microsave Consulting (MSC), Gaëlle Guignard of Incofin Investment Management (INCOFIN), Alejandro Sebastian Coscolluela of the Negros Women For Tomorrow Foundation (NWTF), Alex Karimi of Sidian Bank, Lucia Spaggiari (MFR/Atlas), Sam Mendelson (e-MFP), Marcela Perez (Aqua for All), and Jack Lambert Strosser (e-MFP WASH AG).

Pilot Insights and Collaboration

Jaser presented MSC’s preliminary findings from the pilot testing of the indicator framework. The Framework was piloted with partners including Hokofam (Uganda), Chamroeun Microfinance (Cambodia), Negros Women for Tomorrow Foundation (Philippines), and Sidian Bank (Kenya). Feedback from these organisations, as well as field collection of WASH data and access to their MIS, has helped refine the indicators to ensure they are practical, measurable, and relevant on the ground.

Understanding the WASH Indicator Framework The Framework is organized around four categories:

Financial (Business): Measures the sustainability and scale of WASH investments, including portfolio growth and blended finance utilization.

Social: Tracks accessibility of services and number of users reached, showing how WASH programs improve community health and livelihoods.

Climate: Assesses contributions to climate mitigation and adaptation through WASH investments, linking environmental and social outcomes.

Quality of Service / Market: Evaluates the reliability, efficiency, and service level of WASH interventions, ensuring that services deliver meaningful impact

Participating organisations like NWFT and Sidian joined the session to present their own WASH portfolios and products, and what value they see in a standardised data framework. NWFT emphasized the importance of sustainability and long-term programming, while Sidian Bank focused on how WASH investments affect client well-being and repayment capacity. INCOFIN highlighted the need for standardized data to complement sustainable investment reporting, ensuring that investor and institution practices are aligned and credible. Lucia from MFR discussed how data platforms like ATLAS can and will be needed to reach the critical mass for investors to see value and ask their investees to collect and provide WASH data based on the indicator framework.

Indeed, this will be the next phase of work for the AG - building buy-in from investors and partnership with platforms such as ATLAS to develop the easy-to-find reporting that financial institutions, SMEs, and investors increasingly desire and require to get involved in WASH. It may also help to identify which business models are more viable, and profitable.

Launch Event

e-MFP and Aqua for All will host a webinar to present the final results of this recent research phase, and launch the publication presenting the refined WASH Indicator Framework on Wednesday, 11 February 2026, from 14:00–15:30 CET. This event will involve a presentation from MSC, as well as a guided discussion with e-MFP, Aqua for All, ATLAS, one of the participating financial institutions, and an impact investor. Stay tuned for more details very soon.