Mastercard Foundation is requesting institutions, organisations, firms and agribusinesses with ideas to deliver financial services, products or processes to smallholder farmers in sub-Saharan Africa to apply for its Fund for Rural Prosperity. The foundation has earmarked US$50 million to support projects having Sustainability, Innovation and Impact on rural poor people through job creation, income generation, productivity gains and reduced vulnerability however, each applicant will be able to get financial support of between US$250,000 and US$2,500,000.
The Innovation Competition will support projects in Benin, Burkina Faso, Burundi, Cameroon, Côte d’Ivoire, Djibouti, DRC, Ethiopia, Ghana, Kenya, Liberia, Malawi, Mali, Madagascar, Mozambique, Niger, Rwanda, Senegal, Sierra Leone, The Gambia, Uganda, Tanzania, Togo and Zambia.
Mastercard Foundation is an independent, private foundation based in Toronto, Canada. The Foundation works to catalyze prosperity in Sub-Saharan Africa by advancing youth learning and livelihood skills, and by promoting financial inclusion.