The Mastercard Foundation Fund for Rural Prosperity seeks to identify and support new and/or scalable financial products and services that can transform lives in Sub Saharan Africa. The 2017/2018 Competition is open to project proposals as long as the projects are to be implemented in one of the 24 African countries of focus that the Fund prioritises. The ‘rolling’ competition format presents an opportunity for high potential applications which were unsuccessful in one round to have time to strengthen their applications and re-enter them before the next closing date. The fourth and final call for applications is now open and will close on 31 January 2018.
2015 AND 2016 COMPETITIONS
In previous years, the Fund has run an independent Innovation focused competition seeking applications from organizations aiming to design, pilot, test, and launch new financial products and services that can effectively meet the financing needs of people living in poverty in rural and agricultural areas.
The last Innovation Competition closed on 5 April 2016. Applications were accessed and the winners selected.
In previous years, the Fund has run an independent competition focused on Scalable ideas. The fund received applications for proven concepts, products and business models that could expanded into new geographies and markets.
The last Scaling Competition closed on 15 June 2016. Applications were accessed and the winners selected.
For a quick reference to some of the common questions being asked about the Mastercard Foundation Fund for Rural Prosperity, please click here.