Enter the MasterCard Foundation Fund for Rural prosperity Innovation Competition- 2015

Applications are invited for the MasterCard Foundation fund for Rural Prosperity. The innovation competition is a $50 million challenge fund to extend financial services to people living in poverty. The aim is to harness the creativity of the private sector to facilitate increased financial access for undeserved markets and financially excluded people living in rural and agricultural areas in Africa. The fund will ensure1,000,000 people in rural Africa have access to appropriate savings, credit and insurance services.

ELIGIBILITY

Eligible projects under The MasterCard Foundation Fund for Rural Prosperity must meet the following criteria:

• The proposal must be for a project within an institution.
• Projects may be proposed by a single institution or by a partnership of two or more of them (which could include a non-governmental organization); however, the proposal must be made by one company acting as the lead organization.
• Projects for the Innovation Competition must take place in one of the countries listed as eligible for the Innovation competition.
• Projects in the Scaling Competition must take place in one of the eight core countries eligible for that competition.
• Projects must demonstrate the potential to increase the provision of financial services to financially excluded poor people in rural areas of eligible countries.
• Applications made to the Innovation Competition should be for support of between $250,000 and $1 million. For the scaling competition, applications should be for support of between $750,000 and $2.5 million.

DEADLINE: 15^th March, 2015

To apply and for more information visit here