22/07/2017
MASTERCARD FOUNDATION'S FUND FOR PROSPERITY
2017 ROLLING COMPETITION
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This Competition will follow a ‘rolling’ format. It will be open throughout the year with applications submitted and evaluated periodically. The first submission period will close for evaluation on August 10, 2017. Unsuccessful applicants will be able to refine and resubmit their applications subsequently, along with new entrants in the competition.
The 2017 Competition seeks to support innovative financial products, services or processes from organizations that will design, pilot and test new ideas, as well as those that aim to expand proven ideas into new geographies or a new customer segment in rural and agricultural areas.
We will be looking for innovation in all applications, be they for new ideas or ideas that are ready for scaling. When considering your ideas, you should address the following questions:
•What is the potential for the proposed idea to change access to financial services for smallholder farmers in Africa?
•What is innovative about your proposed idea? For example, is it new to the financial services sector, new to the country, new to the continent? Perhaps it is even a first in the world? Is there a significant process improvement that changes the way you deliver a service or product?
Eligibility
Mastercard Foundation Fund for Rural Prosperity will only support ideas from institutions looking to deliver a financial service, product or process to smallholder farmers in an eligible African country (see list of countries above).
Projects may be proposed by a single institution or by a partnership of two or more (which could include a non-governmental organization); however, the lead applicant must be a for-profit entity.
Firms that apply should have an established and verifiable institutional track record. The Fund will only consider start-ups in exceptional circumstances where there is strong evidence that the new company has credible and experienced investors and management team.
For more details: http://www.frp.org/competitions/2017-rolling-competition
