What is Mastercard Foundation for Rural Prosperity?
Mastercard Foundation Fund for Rural Prosperity is a US$ 50 million challenge fund established by the Mastercard Foundation.
The Fund set out to enable 1,000,000 people in rural Africa to have better access to appropriate savings, credit and insurance products and services.
The Fund is alleviating poverty in rural communities by improving access to financial products and services that are:
The three principles guiding the Mastercard Foundation Fund for Rural Prosperity are:
The Fund is having a positive impact on financial service providers, customers and the overall financial services environment in the following ways:
Financial Providers and their Customers
Financial Services Environment