Following the successful conclusion ofthe Mastercard Foundation Fund for Rural Prosperity and the impact and insights gained from it, a new fund has emerged.
The Mastercard Foundation Fund for Resilience and Prosperity is a seven-year, US$ 126 million Fund that aims to support Small and Medium-sized Enterprises (SMEs) across the agriculture, climate adaptation and digital economy sectors in 20 countries in Sub-Saharan Africa.
The main objective of the Fund is to unlock enterprise growth and catalyze, scale-up and sustain the creation of dignified and fulfilling work opportunities for young women and men, young people with disabilities and refugee youth.
The Mastercard Foundation Fund for Resilience and Prosperity aims to address a broad spectrum of SME-specific challenges as well as macro issues using four interventions:
The Fund will focus on SMEs that are implementing their solutions in 3 key sectors; agriculture, climate adaptation and digital economy.
Each of these will have competitions that SMEs can apply to for a chance to be selected as Fund participants.
Agriculture
Climate Adaptation
Digital Economy
The Fund recently held its East Africa Agribusiness Challenge Fund event in Nairobi bringing SMEs, investors, representatives of refugees and people with disabilities and other stakeholders together. The Fund has similarly been participating in various convenings aimed at sharing information on available Fund opportunities.
The Mastercard Foundation is working with partners to implement this seven-year program. The Fund Manager for the Mastercard Foundation Fund for Resilience and Prosperity is KPMG Development Services Limited in partnership with Triple Line Consulting, the Monitoring, Evaluation and Learning Partner.
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