BY SUPPORTING FINANCIAL INNOVATION
This Competition’s aim was to provide support for expansion of proven ideas for 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 competition.
The Scaling Competition provided support to projects in:
The MasterCard Foundation Fund for Rural Prosperity only supports 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.
To be considered for financial support, applying firms were required to provide established and verifiable institutional track record, while start-ups were only considered in exceptional circumstances where there was strong evidence that the new organization had credible and experienced management team and investors.
Applying firms were required to have in place transparent ownership and governance structures.
Examples of institutions that were eligible included:
Download the scaling brochure.