BY SUPPORTING FINANCIAL INNOVATION.
The competition seeks applications from organizations aiming to design, pilot, test and launch new financial products and services that can effectively meet the financial needs of people living in poverty in rural and agricultural areas.
The 2016 Innovation Competition is now closed. To see the results of the 2015 Innovation Competition, kindly click here.
Is your idea innovative?
The Innovation Competition is open to project proposals where implementation will take place in the following countries:
The 2015 Innovation Competition ran from 20 January 2015 to 15 March 2015. The 2016 Innovation Competition ran from 1 February 2016 to 28 March 2016.
The MasterCard Foundation Fund for Rural Prosperity will only support ideas from institutions looking to deliver a financial service, product or process to rural poor people in an eligible African country (see list of countries above).
Projects may be proposed by a single institution or by a partnership of two or more of them (which could include a non-governmental organization); however, the proposal must be made by one company acting as the lead organization.
Firms that apply should have an established and verifiable institutional track record. The Fund will only consider start-ups in exceptional circumstances where there is strong evidence that the new company has credible and experienced investors and management team.
Firms that apply should have transparent ownership and governance structures.
Examples of institutions that are eligible include:
Summary of Eligibility Criteria
Eligible projects under The MasterCard Foundation Fund for Rural Prosperity must meet the following criteria:
During an active competition, you will be able to log in here. There is currently no open competition.
During an active competition, you will be able to register here. There is currently no open competition