Changes

• * [http://en.wikipedia.org/wiki/Grant_(money) Grant]; non-repayable funds disbursed by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal or an application is usually required. Most grants are made to fund a specific project and require some level of compliance and reporting.• * [http://en.wikipedia.org/wiki/Loan Loan]; the borrower initially receives or borrows an amount of money from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time. Most commonly used loans in the water and sanitation sector are:o ** [http://en.wikipedia.org/wiki/Concessionary_loan Concessionary loan]; is a loan bearing no interest or a rate of interest that is below the average cost. o ** [http://en.wikipedia.org/wiki/Microcredit Microcredit] is a very small loan extended by a bank or other financial organisations that provide services to poor households (Saywell and Fonseca, 2006).• * [http://en.wikipedia.org/wiki/Surety Guarantee]; a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company that provides this promise, is also known as a surety or guarantor.