With reference to WaterCredit', consider the following statements : 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor people to meet their water needs without depending on subsidies. Which of the statements given above are correct?

1. Statement 1 is correct. WaterCredit is an initiative by Water.org that applies microfinance tools, providing small loans to individuals and families to help them access safe water and sanitation facilities. 2. Statement 2 is incorrect. WaterCredit is a global initiative of Water.org, an international non-profit organization. It was not launched under the aegis of the World Health Organization (WHO) or the World Bank (WB). 3. Statement 3 is correct. The model aims to empower poor people by giving them access to affordable financing options, enabling them to meet their water and sanitation needs through loans, thereby reducing dependence on direct subsidies or charity.