The MasterCard Foundation Fund for Rural Prosperity is a US$50 million challenge fund created to support the design and delivery of financial products, services or processes that are innovative or that can be scaled to reach at least one million people living in the rural areas of Africa.
The MCF FRP is funded by The MasterCard Foundation, a global private foundation based in Toronto, Canada. The Foundation advances youth learning and promotes financial inclusion to catalyze prosperity in developing countries, particularly in Africa.
Investor Funding Goals
Have a positive impact on financial service providers, customers and the overall financial services environment.
Year
2000
Countries
Sectors
Agriculture & AgriTech
Clean Energy
Financial & FinTech
Capital Types
Lending
Grant
Provider Types
Impact Investor
Foundation
Competitions
Country / Region of Interest
Africa
Minimum Investment
250k
Maximum Investment
2.5m