Deadline: 28 March 2016
Applications are open for the 2016
Innovation Competition by Mastercard Foundation Fund for Rural Prosperity.
The competition aims to transform
lives of people by supporting Financial Innovation.
The MasterCard Foundation Fund for
Rural Prosperity is a US$50 million challenge fund to extend financial
services to people living in poverty.
Is your idea
innovative?
·
The
ideas will be judged on the basis of following questions:
·
What
is the potential for the proposed idea to change access to financial services
in rural Africa?
·
In
what way is the proposed idea new? 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?
·
To
what extent does the proposed project reach financially underserved markets?
Eligible Countries: Benin, Burkina Faso,
Burundi, Cameroon, Côte d’Ivoire, Djibouti, DRC, Ethiopia, The Gambia, Ghana,
Kenya, Liberia, Madagascar, Malawi, Mali, Mozambique, Niger, Rwanda, Senegal,
Sierra Leone, Tanzania, Togo, Uganda, Zambia.
ELIGIBILITY CRITERIA
·
The
MasterCard Foundation Fund for Rural Prosperity will only support ideas from
institutions looking to deliver a financial service, product or process to
rural poor people in an eligible African country mentioned above.
·
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.
·
Firms
that apply should have an established and verifiable institutional track
record.
HOW TO APPLY
Interested
applicants can register for the competition via given website.
For
more information, please visit 2016 Innovation Competition.
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