Following the successful conclusion of The 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 7-year, US$ 126 million Fund that aims to support Small and Medium-sized Enterprises (SMEs) across 3 sectors in 20 countries in Sub Saharan Africa.
Through 4 interventions and cutting across 3 themes, the main objective of the Fund is to unlock enterprise growth and catalyse, scale-up and sustain the creation of dignified and fulfilling work opportunities for young women and men.
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.
The Mastercard Foundation Fund for Resilience and Prosperity is at inception phase and has begun to engage global and African stakeholders in agriculture, climate adaptation and the digital economy with a view to understanding challenges and opportunities that can be taken into account with the Fund and its planned interventions.
The Mastercard Foundation is working with partners to implement this 7-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