9th – 10th OCTOBER 2023 | LONDON
Mastercard Foundation Fund for Resilience and Prosperity
The Mastercard Foundation Fund for Resilience and Prosperity was established in 2023 with an objective to address the barriers that hinder the creation of opportunities for dignified and fulfilling work for young people in the continent. These include young women, refugee youth, and youth living with disabilities. The barriers identified include lack of access to finance, access to markets, human capital, enabling business environment and investor connections.
The Program will address these barriers by:
- Offering direct financial support through a challenge fund to organizations with high growth potential and the ability to scale up innovative and resilient business models
- Providing a two-front additionality pathway where the Organization will prepare the SMEs to be investor ready on one hand and negotiate partnerships with potential financiers on the other hand
- Adding value beyond financial support through technical assistance and capacity building;
- Convening and influencing through experienced partners and digital platforms to drive systemic change by convening relevant stakeholders.
KPMG is the Fund Manager for this program which is a partnership between the Mastercard Foundation and KPMG from 2023 to 2030.