Scaling Competition

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Scaling Competition

About Scaling Competition

The 2016 Scaling Competition is Now closed. All applications received are being assessed.

This Competition is aimed at supporting the expansion of proven ideas for a financial product, service or process into new geographies or new customer segment in the rural areas. 

Click here to read about the previous winners in 2015 Competitions.

The Scaling Competition will support projects in:

  • Côte d’Ivoire
  • Ghana
  • Kenya
  • Mozambique
  • Senegal
  • Tanzania
  • Uganda
  • Zambia

Eligibility Criteria

The MasterCard Foundation Fund for Rural Prosperity will only support ideas from for-profit organizations that are looking to deliver a financial service, product or process to rural poor people in an eligible African country.

Projects may be proposed by a single institution or by a partnership of two or more institutions; however, the proposal must be made by company acting as the lead organization.

Firms that apply should have an established and verifiable institutional track record. The Fund will consider start-ups only in exceptional circumstances where there is strong evidence that the new company has a credible and experienced management team and investors.

Firms that apply should have transparent ownership and governance structures.

Examples of institutions that are eligible include:

  • Banks;
  • Non-bank financial institutions (for example, insurance or leasing companies);
  • Agribusinesses that provide a financial service or partner with a financial institution to deliver a financial service to their supply chain;
  • Firms that use mobile or IT technology to support the delivery of financial services to rural poor; and
  • Firms that provide a non-financial service designed to facilitate increased access to financial services for financially excluded rural poor people. For the latter category, they may apply on their own as a lead applicant or may apply in partnership with a financial institution or agribusiness.

Eligible projects under The MasterCard Foundation Fund for Rural Prosperity must meet the following criteria:

  • The proposal must be for a project within an institution.
  • Projects may be proposed by a single institution or by a partnership of two or more institutions; however, the proposal must be made by one company acting as the lead organization.
  • Projects for the Innovation Competition must take place in one of the countries listed as eligible.
  • Projects in the Scaling Competition must take place in one of the eight core countries eligible for that competition. Projects must demonstrate potential to increase the provision of financial services to the financially excluded rural poor in target countries.
  • Applications made to the Innovation Competition should be for grants of between US$250,000 and US$1,000,000. For the Scaling Competition, applications should be for grants between US$750,000 and US$2,500,000. 

the scaling brochure

Download a short reference on the scaling brochure.

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During an active competition, you will be able to register here. There is currently no open competition