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 eight-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, seven-year, US$ 126 million Fund was established in 2023. This Fund aims to support Small and Medium-sized Enterprises (SMEs) across the agriculture, climate adaptation and digital economy sectors in 20 countries in Sub-Saharan Africa. The main objective of the Fund is to unlock enterprise growth and catalyze, scale-up and sustain the creation of dignified and fulfilling work opportunities for young women and men.
The Agribusiness Challenge Fund is a rolling call for proposals open from 18 March 2024 to 22 November 2024, with three application harvest periods in between.
Learn more here: https://www.frp.org/
Apply here: https://www.frp.org/apply
