In this opinion piece published in the Business Daily Africa, Fund Engagement Partner at KPMG East Africa, Smita Sanghrajka discusses the positive growth and impacts of financial inclusion on market sectors and rural lives.
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To assess the kind of impact being made by some of the Fund participants, a number of impact verification studies have been conducted over 2021 and 2022 and are summarised in this report.
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Fabien Gahungu shares insights on working with Prothem and how they company has managed to collaborate with smallholder farmers to get them to achieve better income and livelihoods.
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During a recent interview with the Fund, Djedje Kungula shares his journey on working for Equity Bank BCDC on the Fund supported project.
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In a recent interview, Elorm Allavi, Co-founder and CEO of SyeComp, speaks to the journey his company has been on to support smallholder farmers in Ghana through technology and financial access.
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Listening to Mame Dior Ndiaye, it is easy to feel passionate about using affordable Pay-as-you-go (PAYG) solutions to deliver energy and financial solutions to rural communities in Mali. Mame recently gave us some insights into her journey and that of Baobab Plus.
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The broad geographic focus and diversity of business models supported by the Fund are some of its greatest strengths, but also made the task of gathering evidence and evaluating impact a demanding assignment.
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Peter Materu, Chief Program Officer at Mastercard Foundation shares this message showing how the Fund has supported the Foundation vision and outlining what the Foundation itself has learned and gained
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Using the Challenge Fund approach, the Mastercard Foundation Fund for Rural Prosperity was set up in 2014 to support private sector businesses across Sub-Saharan Africa looking to develop new products, services or processes that increase access to finance for rural people, or that have the potential to scale up their most promising ideas to drive financial inclusion for smallholder farmers.
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The Mastercard Foundation Fund for Rural Prosperity has invested close to USD 50 million to boost the provision of financial services to poor rural customers in Africa. In this process, a variety of business models were supported resulting in the development of 171 new financial products. To enable their absorption and use, capacity building has been conducted to nearly 3 million people across the continent. Ultimately, over 5.3 million people have gained access to financial services from this work over seven and a half years.
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