Mastercard: Invests $3m to support projects that expand financial inclusion in rural Africa

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Mastercard: Invests $3m to support projects that expand financial inclusion in rural Africa

  • Mastercard Foundation Fund for Rural Prosperity announced that three companies support projects that expand financial inclusion in rural Africa
  • Three companies selected from among 195 firms that submitted applications to the third phase of the Fund’s 2017/2018 rolling competition
  • Competition was one of the Fund’s largest efforts to find and support innovative and scalable financial products
  • Latest round of support will extend agronomy, finance, and insurance solutions to excluded rural populations in the three countries
  • Financing for the last group of companies, assessed as part of the fourth and final phase of the competition, will be announced in early 2019