The MasterCard Foundation Fund for Rural Prosperity

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2016 INNOVATION COMPETITION IS NOW OPEN!

The 2016 Innovation Competition is seeking proposals to design, pilot, test and launch new financial inclusion products that impact people living in poverty and in agricultural areas.

Competition closes 28 March 2016.

Apply Now

  • Transforming lives

    BY SUPPORTING FINANCIAL INNOVATION.

    Apply Now

Innovation
Competition

Businesses can apply for financial support to develop and test new models for financial services designed to improve the lives of rural poor people in Africa.

LEARN ABOUT THE OPPORTUNITY

NOW OPEN

Scaling
Competition

Once existing ideas have been proven, businesses can apply for financial support to scale financial products, services or processes in order to benefit more people currently living in poverty in rural Africa.

LEARN ABOUT THE OPPORTUNITY

  • What is The Fund?

    The MasterCard Foundation Fund for Rural Prosperity is a US$50 million challenge fund to extend financial services to people living in poverty. Read More
  • Why The Fund?

    Sub-Saharan Africa is growing rapidly but the pattern of growth has increased inequality and not led to substantial poverty reduction. Read More
  • How will The Fund help?

    The Fund will ensure 1,000,000 people in rural Africa have access to appropriate savings, credit and insurance services. Read More

2015 Innovation Competition Winners

The inaugural winners of support from The MasterCard Foundation Fund for Rural Prosperity were announced in Lusaka, Zambia.

Read More

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The majority of rural households in Sub-Saharan Africa remain financially excluded. Over 70 percent of these families derive a large portion of their income from agricultural activities. Many financial service providers lack the knowledge and capacity to develop appropriate products and services that would enable the rural poor and smallholder farmers to become financially included.

What's happening

  • 2016 Innovation Competition Events

    The Foundation is hosting a series of online and offline events around Africa over the competition period.

    READ MORE

  • 2016 Innovation Competition Launches

    The MasterCard Foundation today launched the second Innovation Competition under its Fund for Rural Prosperity.

    English Press Release
    French Press Release
    Portuguese Press Release.

  • Innovation Competition 2015 Winners Announced

    The inaugural winners of support from The MasterCard Foundation Fund for Rural Prosperity have been announced in Lusaka, Zambia.

    Read More

  • Innovation Competition 2015 Winners

    Innovation Competition 2015 Winners to be announced 1st October at event in Lusaka.

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