About the Fund


 

The Mastercard Foundation Fund for Resilience and Prosperity is the second phase of a program from the Mastercard Foundation . The first phase was the Mastercard Foundation Fund for Rural Prosperity , an 8-year program established in 2014. That Fund supported 38 participants from 15 countries in Africa innovating and scaling financial products and services targeting the rural population with a large focus on agriculture. One major highlight is the Fund enabled over 5.3 million people to have access to financial products and services, exceeding an initial target of 1 million.

As a result of this success and learnings gathered, the Mastercard Foundation Fund for Resilience and Prosperity, a new, US$ 126 million Fund was established in 2023. This Fund aims to support Small and Medium-sized Enterprises (SMEs) across 3 sectors in 20 countries in Sub Saharan Africa. 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.

Interventions

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:

Challenge Fund

Offering direct financial support through a challenge fund to address the resource flow barriers faced by SMEs looking to scale-up and, in turn, create and sustain employment opportunities for youn

Connect Fund

Providing investor readiness support to the SMEs and negotiation of partnerships with potential financiers to ensure sustainability and growth.

Technical Assistance (TA)

Adding value beyond financial support through technical assistance and capacity building to address the barriers concerning human capital and access to markets.

Convening and influencing

Convening relevant stakeholders to encourage an enabling business environment through experienced partners and digital platforms to drive systematic change and address the issues that impede the cr

Thematic Sectors


 

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

Countries of Focus




 

The Fund will be aiming to support SMEs in 20 countries in Sub Saharan Africa. This will ensure a rich distribution of Fund interventions and SME-based solutions that can sustainably create dignified and fulfilling work for young men and women, even after the end of the program.

Partners

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