Organization · Grant Maker
Mastercard Foundation Fund for Resilience and Prosperity
The Mastercard Foundation Fund for Resilience and Prosperity (FRP) is a seven-year initiative launched in 2023 with a budget of $126 million, aimed at supporting SMEs in Sub-Saharan Africa to create dignified work opportunities for young people, especially women and marginalized groups.
Overview
What Mastercard Foundation Fund for Resilience and Prosperity does
What Mastercard Foundation Fund for Resilience and Prosperity is
The Mastercard Foundation Fund for Resilience and Prosperity (FRP) is a seven-year initiative launched in 2023 with a budget of $126 million, aimed at supporting SMEs in Sub-Saharan Africa to create dignified work opportunities for young people, especially women and marginalized groups.
How it participates in the startup ecosystem
The current public profile supports grantor capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Grant Maker
- Founded
- Founded in 2023
- Approximate age
- About 3 years
- Structured capabilities
- Grantor
- Last reviewed
- April 13, 2026
Official channels
Find Mastercard Foundation Fund for Resilience and Prosperity elsewhere
Open the official website or a supported primary organization account.
Capability profile
Mastercard Foundation Fund for Resilience and Prosperity as a grantor
Grant thesis
The Mastercard Foundation Fund for Resilience and Prosperity aims to create dignified and fulfilling work opportunities for young women and men with limited financial means in Sub-Saharan Africa, including those with disabilities and refugee youth.
Focus narrative
The Fund supports small and medium-sized enterprises (SMEs) across 20 countries in Sub-Saharan Africa, addressing challenges in creating sustainable employment opportunities for youth. It employs interventions such as a Challenge Fund for innovative agribusiness proposals, facilitating connections between SMEs and investors, providing technical assistance, and organizing events to foster collaboration among stakeholders.
Value and support
Beyond funding, the Fund provides technical assistance to enhance the capacity of SMEs and facilitates connections with potential investors, fostering a collaborative environment for knowledge sharing and growth.
Grant economics
- Grant range
- $500,000–$2,500,000
- Dilutive
- No
- Nonprofit only
- No
Availability
- Application state
- Accepting
- Application cycle
- rolling
- Next deadline
- June 7, 2024
Eligibility and fit
- Stages
- Pre-seed · Seed · Seed+
- Audience
- Founders
- Inclusion focus
- women-founded and disabled
- Sectors
- AgTech
- Regions
- Sub-Saharan Africa
Process and recipient context
Application process
The application process for the Agribusiness Challenge Fund involves multiple harvests. Interested applicants can submit their proposals during designated periods, with the first harvest scheduled for June 7, 2024, followed by subsequent harvests on August 30, 2024, and November 22, 2024. Detailed guidelines and requirements are available on the Fund's application portal.
Common questions
What to know about Mastercard Foundation Fund for Resilience and Prosperity
Upseed classifies Mastercard Foundation Fund for Resilience and Prosperity under the Grant Maker organization type. Its current public profile includes grantor capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 13, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.