The MasterCard Foundation Fund for Rural Prosperity

INNOVATION COMPETITION NOW CLOSED!

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The MasterCard Foundation Fund for Rural Prosperity aims to improve the lives of 1,000,000 people living in poverty in Africa by enabling businesses to begin or expand financial services in rural areas of Sub-Saharan Africa.

The Innovation Competition is now closed. All applications received will be provided with a reference number and assessed. The Fund will communicate to all applicants individually on the status of their application in due course.

A new Scaling Competition will be announced soon.

  • Transforming lives

    by Supporting Financial Innovation

  • Transforming Lives

    with Innovative Rural Finance Solutions

  • Transforming Lives

    by Expanding Rural Financial Services

  • Transforming Lives

    by Supporting Financial Innovation

  • Transforming Lives

    by Supporting Financial Innovation

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

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 $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

Transforming Lives by Supporting Financial Innovation

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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

  • Innovation Competition Closed

    This competition closed 15th March 2015, Applications are being reviewed.

  • Scaling Competition Coming Soon

    This competition is scheduled to open in mid-2015.

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