Welcome back to Wemmab blog, were opportunities on Agriculture and Food are been shared. Do well to always take advantage of every information shared on this platform.
The US$ 126 million, seven-year Mastercard Foundation Fund for SMEs, for Resilience and Prosperity intends to assist SMEs in 20 Sub-Saharan African nations in the areas of digital economy, agriculture, and climate adaption.
The Mastercard Foundation Fund for Rural Prosperity is an eight-year initiative which was launched in 2014 and had its first stage then.
38 participants from 15 African nations were sponsored by that fund to innovate and scale financial products and services aimed at the rural population, with a primary focus on agriculture.
The Fund exceeded its initial aim of one million people by enabling almost 5.3 million people to gain access to financial products and services. This is a significant accomplishment.
Currently, the Resilience and Prosperity Fund’s primary goals are to spur business expansion and enable, expand, and maintain the creation of meaningful and respectable employment possibilities for young men and women, young people with disabilities, and youth refugees.
The second part of the Mastercard Foundation initiative is still the Mastercard Foundation Fund for Resilience and Prosperity.
The Mastercard Foundation Fund for Rural Prosperity, an eight-year initiative launched in 2014, was the first stage. 38 participants from 15 African nations were sponsored by the fund to innovate and scale financial products and services aimed at the rural population, with a primary focus on agriculture.
Funding opportunity for you: $126 million for SMEs
Currently, the Resilience and Prosperity Fund’s primary goals are to spur business expansion and enable, expand, and maintain the creation of meaningful and respectable employment possibilities for young men and women, young people with disabilities, and youth refugees.
The Fund for Resilience and Prosperity uses four initiatives to target a wide range of macro concerns and obstacles unique to SMEs:
- Challenge Fund: Providing direct financial assistance through a challenge fund to help SMEs overcome resource flow obstacles so they may grow and, in turn, generate and maintain job opportunities for young men and women.
- Connect Fund: Assisting SMEs in becoming investor-ready and negotiating joint ventures with possible lenders to guarantee expansion and sustainability.
- Technical Assistance (TA): Providing technical support and increasing ability to remove obstacles related to market access and human resources.
- Gathering and influencing: Gathering pertinent parties to promote a business climate that is supportive of innovation through seasoned collaborators and online channels in order to promote methodical transformation and tackle the problems that hinder the production of new work. chances for young people, particularly women in their twenties.
The Mastercard Foundation Fund for SMEs’ Thematic Sectors
The Fund will concentrate on SMEs that are putting solutions into practice in the digital economy, agriculture, and climate adaptation—three (3) important sectors.
Take advantage of this opportunity, apply as soon as possible.
To learn more about the Resilience and Prosperity Fund, click this link.
https://smartme.adalia.fi/login/FRP
Funding opportunity for you: $126 million for SMEs
READ MORE:
Golden morn seed funds for agripreneurs
