Investor

Fund for Rural Prosperity

Kenya

Mastercard Foundation Fund for Rural Prosperity is a US$50 million challenge fund established by the Mastercard Foundation.The Fund will operate two competitions per year (an Innovation Competition and a Scaling Competition) in 2015 2016 and 2017. The Fund itself will function for seven years with the final four years dedicated to monitoring and evaluation of the projects that received financial support.The Innovation Competition will support projects in Benin Burkina Faso Burundi Cameroon Cote d Ivoire Djibouti DRC Ethiopia Ghana Kenya Liberia Malawi Mali Madagascar Mozambique Niger Rwanda Senegal Sierra Leone The Gambia Uganda Tanzania Togo and Zambia.The Scaling Competition will support projects in Cote d Ivoire Ghana Kenya Mozambique Senegal Tanzania Uganda and Zambia.

Type: Investment Fund Manager

Geography: Africa

Impact: Access to Financial Services