Grant Amount: $15.6 million
Country: Liberia, Zambia, Rwanda
Serve 600,000 new, active customers, 75 percent of whom are engaged in farming or agribusiness.
Grow client businesses, improve household incomes, and increase well-being and security through the use of agents, mobile agri-financial services, and tools.
Strengthen local bank management and technical capacity through talent development initiatives with 1,800 staff.
Project: Expanding Agricultural Finance in Rwanda
Grant Amount: $11.5 million
Increase access to and usage of financial services for 352,500 agricultural entrepreneurs.
Test innovative digital and agent banking channels that can facilitate low-cost distribution of financial services nationally.
Project: Smart Campaign III
Grant Amount: $4.4 million
Improve client protection in the microfinance industry, and help to de-emphasize certification and promote the local recognition of Client Protection Principles with a broader financial inclusion lens.
Project: VentureLabs: Knowledge and Advisory for Early Stage Innovators
Grant Amount: $3.7 million
Identify and support the expansion of nine existing fintech companies in Africa and create at least two new companies in frontier markets like Nigeria and Ghana through the Accion Venture Lab.
Provide companies with technical assistance and ongoing financial and management support.
Project: Board Fellowship Program
Grant Amount: $6.1 million
Deliver a fellowship program for Board members and CEOs of microfinance institutions in Africa to strengthen governance, client focus, risk management, and social performance oversight.
Project: Second Chance Education for Young Mothers
Grant Amount: $1.0 million
Work with Tanzanian Folk Development Colleges to provide accredited secondary education for out-of-school young mothers to support their transition to higher education and life after school.
Project: Business Development Support for Small Businesses
Grant Amount: $1.1 million
Implement its Inkomoko Business Development program to support 270 tourism and hospitality businesses. The program will improve their capacity and skills, while also matching them with financial partners for provision of direct investment.
Project: Mastercard Foundation Scholars Program
Grant Amount: $24.9 million
Country: Cameroon, Ghana, South Africa, Tanzania, Senegal, Pan-African
Enable 500 qualified, yet economically disadvantaged African students to complete a master’s-level education in mathematical sciences.
Increase the profile of STEM education and research and create an enabling policy environment through its prioritization across the continent via capacity support to the Secretariat.
Expand the Foundation’s network of partners committed to achieving its vision of education as a catalyst for social and economic transformation.
Improve the quality of secondary-level teaching in science and mathematics.
Project: Leaders in Teaching – STEM Teacher Training
Grant Amount: $12.4 million
Train 4,700 STEM teachers in Rwanda.
Project: Anzisha Prize
Grant Amount: $9.2 million
Country: South Africa
Expand the Anzisha Program for youth entrepreneurship in Africa and provide ongoing support and mentorship to Anzisha Prize applicants and 125 Fellows.
Serve 300 young entrepreneurs through the Youth Entrepreneur Support Unit (YES-U) program and 150 educators through the Educator program.
Project: Beyond Education / Africa Careers Network
Grant Amount: $13.0 million
Support 85 academically talented, yet financially disadvantaged students in completing a university education, while fostering their leadership skills and their capacity to give back to their communities.
Create an internship and careers network that will support approximately 350 of the Mastercard Foundation Scholars.
Project: Mastercard Foundation Scholars Program – Phase II
Grant Amount: $26.6 million
Support 300 academically talented, yet financially disadvantaged students in completing a university education, while fostering their leadership skills and their capacity to give back to their communities.
Generate and build the capacity of recruitment partners in Africa to identify and place students in reputable universities.
Project: Transitions Support – Project Fundisha
Grant Amount: $1.2 million
Country: South Africa, Uganda
Extend the reach of the Africa Careers Network to African university partners and Scholars (500) and strengthen the capacity of secondary education partners.
Project: Decennial Scholarships
Grant Amount: $1.5 million
Country: South Africa
Support 10 scholarships per year for five years to enable economically disadvantaged young people from across the African continent to attend ALA.
Project: Agricultural Finance for Smallholders and Related Businesses
Grant Amount: $14.0 million
Country: Malawi, Uganda, Tanzania, Ghana, Mozambique, Zambia, Senegal
Increase productivity and market access of 490,000 smallholder farmers so they can improve their livelihoods.
Project: Financial Inclusion for Smallholder Farmers in Africa Project (FISFAP)
Grant Amount: $15.5 million
Country: Kenya, Tanzania, Ghana
Expand access to financial services for 728,000 smallholder farmers in Tanzania, Kenya, and Ghana by using agribusinesses as a method of financing.
Support agricultural market information systems and payment innovations to serve farmers with a range of financial and non-financial services.
Share financial inclusion models and approaches through research, documentation, and dissemination.