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Get to know Mastercard Foundation Fund for Rural Prosperity

The Mastercard Foundation Fund for Rural Prosperity (FRP) was a US$50 million, seven-year challenge fund that ran from 2015 to 2022. Established by the Mastercard Foundation, its core mission was to stimulate the private sector to develop and scale innovative financial solutions that improve the lives of the rural poor, particularly smallholder farmers, across Sub-Saharan Africa. The Fund operated through a series of competitive selection processes, providing financial grants to companies with promising business models that aimed to enhance financial inclusion by addressing the systemic barriers faced by rural communities.

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Mastercard Foundation Fund for Rural Prosperity

Kenya

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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BVI FSC

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.