Fund for Resilience and Prosperity
Status
active
Period
2023 – 2030
In Partnership With
Through the Rural Fund for Prosperity, the Mastercard Foundation selected and supported several private-sector businesses across Sub-Saharan Africa. This was done using the Challenge Fund approach, which aims to grow the number of Africans actively participating in the continent’s financial systems.
Target Impact
Increase access to finance for over one million smallholder clients.
Impact to Date
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4.7 Million
By March 2021, the Fund had reached 4.7 million new customers (1.35 million of these in 2020) across participant countries, including Kenya, of whom 33 percent were women living in rural areas, and 34 percent were under the age of 35.
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$2.7 Billion
The program has also disbursed $33.9M, matched by $90.8M from participants, and every dollar in grants leveraged an additional $2.7B in spending.
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5,600
The program has also created an estimated 5,600 new direct jobs within participant organizations.
Partnership Focus
• Increase access to finance for over a million smallholder clients.
• Support the scaling of innovative products and services.
• Encourage the development of a new market in agricultural finance.
The Fund ran between 2014 and 2021, with $45M of committed funds that supported 38 private sector participants across 15 countries.